What worries me is the fact that there is no shortage of coal in North America, or practically elsewhere in the world.
The US has the world's greatest coal reserves in the world, enough to last them hundreds of years. There are lots of undeveloped deposits in Australia, Asia, Mongolia, etc.
They used to build power plants in the middle of coal fields, and burn the stuff right there, but that is a non starter now I guess due to pollution. So I guess the new application would be to liquify the coal, turn it into a useable fuel. That takes a lot of investment and infrastructure, but it can be done. which is what Germany did to fuel their WWII war efforts.
Coal quality is a huge consideration, and not just from a BTU standpoint. Ash handling and sulfur content is very important to the end user.
But in the meantime, enjoy the ride. Wish I had gotten on early, but I am afraid this too might turn out to be a bubble like the Uranium plays. These comments are not specific to any particular Co., just general observations. |
