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Gold/Mining/Energy : Big Dog's Boom Boom Room

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isopatch
To: Bearcatbob who wrote (184242)6/3/2014 11:49:41 AM
From: Biomaven1 Recommendation  Read Replies (1) of 206159
 
Older coal plants are only cheaper if you ignore externalities. (And I'm ignoring any impact from greenhouse gases here).

For greenhouse emissions, you have to look globally. Reducing US coal use leads to lower coal prices, which means more export of coal. That's what's happened recently in Europe - cheap US coal has displaced natural gas and lead to an increase in CO2 emissions.

Whatever the politics of the situation, any move to restrict coal is bullish for natural gas. That's where I'm invested (both E&P and midstream).

Peter
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