GLG News by Natural Gas Experts (North America)
Analysis of:
Dark Days for Coal Miner Massey (www.forbes.com)
As the article points out, Massey Energy was hit with an EPA lawsuit for approximately $1.7 billion alleging violation of the Clean Water Act. The EPA issued the suit based on Massey exceeding the average monthly or daily permit limit between January 2000 and March 2006.
The...
Analysis of:
Market Report (news.moneycentral.msn.com)
Coal from the coal fields in the Powder River Basin of Wyoming have to compete on a delivered-, emissions-adjusted basis to coal’s in the other producing regions, such as the Central Appalachian Basin.
The recent increase in Eastern coal prices and SO2 emissions allowances now allow the Powder River...
Analysis of:
FreightCar America VP Sells Shares (www.forbes.com)
FreightCar America Senior Vice President of Sales and Marketing exercised 32,980 shares of company stock at $19 each on May 3 and sold the shares for $46.88 each on May 4. According to SEC Form 4, he beneficially owns 7,000 shares after this transaction.
It may be that FreightCar America Management...
May 10, 2007
Coal Usage and Coal Plant Build Discussion if U.S. Congress Enacts Lighting-Efficiency Rule
Analysis of:
Households Would Need New Bulbs to Meet Lighting-Efficiency Rule (online.wsj.com)
Coal Usage and Coal Plant Build Discussion if U.S. Congress Enacts Lighting-Efficiency Rule
The article in The Wall Street Journal describes potential Legislation to require the use of compact fluorescent bulbs (CFL) and other energy-saving lights to decrease the emissions of carbon dioxide (CO2) from coal-fired power plants.
The Analysis Section below has some additional math and discussion...
Analysis of:
Evergreen Energy Inc. Announces First Quarter 2007 Financial Results (home.businesswire.com)
Evergreen Energy (formerly KFx) continues to disappoint investors with the lack of significant progress on placing its beneficiated coal to customers.
The commentary section below provides a quick primer on Evergreen Energy’s beneficiated coal and the...
Analysis of:
Consol Energy Forms Joint Venture for Wyoming Coal (www.observer-reporter.com)
Consol Energy and Pittsburgh & Midway, a Chevron Company, announced a joint venture to develop a new mine in the Powder River Basin (PRB) of Wyoming called the Youngs Creek Mine. The coal property is north of Sheridan, Wyoming.
The potential development...
Analysis of:
Squeezing diesel out of animal fat (www.usatoday.com)
This will be in the news often in the next few weeks. The IRS and the EPA take their roles from EPAct 2005 Section 1346 where renewable diesel originated. This opens the door for new technology to run parallel with esters (biodiesel) so that non-esters (renewable diesel) can both begin to...
April 11, 2007
Judge’s Valley Fill Decision and Potential Affects on Central Appalachian Coal Companies Such as Massey Energy Company
Analysis of:
Judge: Corps Coal Permits Illegal (www.federalnewsradio.com)
Judge’s Valley Fill Decision and Potential Affects on Central Appalachian Coal Companies Such as Massey Energy Company
Background:
United States District Court for the Southern District of West Virginia Judge Chambers issued a ruling that valley fill permits granted by the U.S. Army Corps of Engineers must be rescinded and remanded back to the Corps for further reconsideration....
Analysis of:
Fill Up With Ethanol? (online.wsj.com)
Ethanol as an energy source is not as cost efficient as we think.Cost of water, fertilizer, transportation, blending and subsidies detract from its attractiveness.In the long term we cannot produce enough renewable energy to make a signifigant dent in our energy demand.Corn and rape seed as feed...
Analysis of:
Supreme Court Rules EPA Can Regulate Greenhouse Gases (news.com.com)
As the article points out, the U.S. Supreme Court ruled in a 5-4 decision that the Environmental Protection Agency (EPA) may regulate carbon dioxide (CO2) emissions. The analysis section below discusses how the EPA or a law enacted by Congress and signed by the President could...
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