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GLG News by Council Members Knowledgeable on NOx Emissions

Jeff Moser, President
West Branch LLC
Analysis of: Chrysler can't retrieve Plastech equipment (money.cnn.com)
A bankruptcy court has denied Chrysler the right to pull tooling from  Plastech which filed for Chapter 11 protection after negotiations fell apart.  This new found bargaining chip may prove valuable to other Tier suppliers as they continue to be squeezed between rising material costs...
Thomas Shewski, Owner
High Energy Services
Analysis of: Sector Snap: Coal Falls After Downgrades (www.chron.com)
    The anticipated export of Eastern U.S. coal in 2008 and 2009 will need to be sourced in great extent from the Powder River Basin (PRB).  This is in addition to the new coal plants coming on in 2008 and 2009 using PRB coal. The discussion below provides a forecast on...
Thomas Shewski, Owner
High Energy Services
Analysis of: Foundation Coal Swings to 4Q Profit (money.cnn.com)
    The global coal availability and price has provided the opportunity for U.S. Eastern coals to be placed in export to Europe.  This has dramatically increased Eastern coal prices.  This provides an opportunity for Western Powder River Basin (PRB) coals.
Thomas Shewski, Owner
High Energy Services
Analysis of: Coal, Once Stable, Zooms in Price (www.news.com)
    The increase in coal prices will obviously increase the electricity generating costs at a coal plant exposed to these price increases.  The impact to Independent Power Producers (IPPs) and their potential margins is understood.  Regulated utilities, on the other hand,...
Thomas Shewski, Owner
High Energy Services
Analysis of: Talk of Exporting U.S. Coal to Pacific on the Rise (uk.reuters.com)
    The global coal availability and subsequent coal price explosion has provided a great benefit to Eastern U.S. coal producers.  The Western U.S. coals may not be able to appreciably directly-participate in the export surge.
Jeff Moser, President
West Branch LLC
Analysis of: Ford to do more parts in-house (www.freep.com)
As automotive Tier suppliers struggle to survive in today's brutal cost environment the OEMs are threatened with supply disruptions due to bankruptcies and volatile price negotiations.  With new contract terms that cut new UAW hires' wages  in half and reduce oppressive...
Analysis of: China Spurs Coal-Price Surge (online.wsj.com)
With the passing of the ice storm and the Lunar New Year, China is gradually getting back to normal.  Official statistics indicates that coal reserve in many power plants have climbed to above the 10 days margin.  While the WSJ article implies that the coal shortage in China...
Jeff Moser, President
West Branch LLC
Analysis of: Chrysler CEO says it will replace Plastech as part supplier (www.mlive.com)
Raw material costs for metals and plastics are squeezing profits out of Tier suppliers in the auto industry.  Locked in to firm part price contracts with OEMs, suppliers cannot pass on rising commodity costs to stay profitable.  The cash drain has forced many into bankruptcy and presents strategic...
Analysis of: After Washington Pulls Plug on FutureGen, Clean Coal Hopes Flicker (online.wsj.com)
The US Department of Energy’s [USDOE] decision, to restructure FutureGen from a $1.8 billion 275MW prototype – demonstrating Carbon [CO2] Capture and Sequestration (CCS) – to a series of CCS demonstrations on operating facilities, should facilitate siting of tens of thousands of MWs of proposed coal-fired...
Jeff Moser, President
West Branch LLC
Analysis of: Chrysler closes plants in dispute with supplier (www.reuters.com)
US Automotive Tier suppliers have been squeezed between rising material costs and unrelenting pressure from OEMs to lower prices.  As more major Tier 1 and Tier 2 suppliers seek bankruptcy protection OEMs must consider drastic changes in long term supply chain management to ensure their industry's...

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