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Non-Tech : Kirk's Market Thoughts
COHR 185.83+5.8%Dec 19 9:30 AM EST
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To: Jerome who wrote (636)2/9/2014 11:20:49 AM
From: Kirk ©  Read Replies (1) of 26804
 
I'm curious what you think China should do?
China has got two choices. Shut down the coal fired power plants or covert those plants to Nuclear or NG.

Neither choice is making much headway because of political influence inclined to the status quo.
They say that the US was allowed to pollute with coal for a century before we got nuclear and NG so they have a right to pollute also.

I used to watch clips on NBR before they were taking over by Cramer to promote his services. NBR used to interview Chinese managers in plants there in their offices and you would see them wearing thick coats with steam coming out of their mouths. That told me power to heat even the manager's office when talking to journalists from the West was expensive.

We don't use coal here in California but for 1% of power while North Carolina gets over 51%
statemap.americaspower.org
In 2011, North Carolina families spent an average of 13 percent of their after-tax incomes on energy.

Until we shut off coal in NY, can we expect the Chinese to do the same?
Coal provides just 7 percent of New York’s power. The state has the fourth highest electricity prices in the nation.
Here is CA we have so many rates and subsidies I don't know where they get this number
California gets just 1 percent of its electricity from coal. The state has the ninth highest energy prices in the nation.


Incremental electricity is something like 33¢/KWHr for me but a friend who lives in another city, Santa Clara, gets power from their own city rather than PG&E for about 6¢/KWHr. At 6¢/KWhr, he drives an electric car making it dirt cheap to charge and he gets to ride in the commute lanes as a solo driver.

I wonder if all those driving electric cars know their incremental power needs are met with coal? Or that the extra power used means more water released from dams which hurts fish if not released at the right time.

My mixed point is it is very complicated but I sure think using more NG is good for all issues and you have to admit that the POTUS was years late jumping on the NG bandwagon promoted by many in the GOP.
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