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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Toby Zidle who wrote (50476)5/25/2004 4:49:53 PM
From: Maurice Winn  Read Replies (1) of 74559
 
Toby, coal mining is clean. Dig off the overburden, dig up the coal and put dirt back on top [or just wait for nature to take over again, which won't be long - nature is relentless and pretty fast].

I don't see a problem with coal mining. I've seen it done and it's fine.

Burning it is fine too. Even the CO2 could be collected, compressed and stored 400 metres under water if it is really a worry. All the exhaust particulates can be collected and put in a hole in the ground. Sulphur oxides can be scrubbed. Nitrogen oxides can be removed too, I suppose, though I don't know just how that is done. Water emissions are probably still acceptable.

BP developed Orimulsion which is water plus the heavy Orinoco crude with emulsifier and it works in power stations. Exhaust cleaning is no doubt necessary to some extent. There's a LOT of it. Even with oil at $25 a barrel, it must be attractive. True, $40 is a bubble price and long term investments in alternatives won't be based on that price lasting more than a year or two.

Energy is just a matter of dollars. There aren't any insuperable problems. At $40 a barrel, oil will be losing market share and demand will drop, even as total world energy demand increases. Saudi Arabia is increasing output to protect their business [and to help George Bush be re-elected which will also help protect their business]. They know oil can't sustain such a high price in the face of competition and conservation.

Mqurice
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