Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: WWS who wrote (47644)	7/9/1999 8:58:00 AM
From: Elmo Gregory	Respond to of 95453

Some see $25 a barrel by the end of the year... July 9, 1999 MARKET PLACE Resurging Oil Prices Lead Rally in Commodities By JONATHAN FUERBRINGER NEW YORK -- The prices of key commodities, whose decline helped restrain inflation the last few years, are climbing again. Oil is leading the charge. Crude has been flirting with $20 a barrel this week, and financial analysts expect it to pass that benchmark easily. Some see $25 a barrel by the end of the year, a further increase of 25 percent. The price has jumped 73 percent from its low point of the year, $11.37, reached in February. -----snip----- nytimes.com

To: WWS who wrote (47644)	7/9/1999 9:07:00 AM
From: Think4Yourself	Respond to of 95453

Coal plants have become much more expensive due to recent EPA pollution mandates. I have not seen a single article in the 50 or so I have read in the last week that talk of new coal plants - they are ALL gas fired. Have also not seen a single article that even suggests coal is better than gas as a fuel. I believe AEP would push for coal plants. According to their 10K they have coal mining interests BUT their current emphasis also appears to be acquiriing Nat Gas "stuff". I searched the DOE site for the "stats" and could not find them. If you search for "coal", here is the number one result: "The most significant savings in carbon emissions could be accomplished if electrical utitlies would switch from coal -- the major culprit in greenhouse gas emissions -- to natural gas. " Other expenses associated with coal: You need rail facilities, and constant manpower to deliver the coal You need storage and on-site transportation facilities for all that coal You need facilities to scrub and crush the coal to a fine powder, and to pressurize it for injection. Then there is the cleaning and disposal of the residue

To: WWS who wrote (47644)	7/9/1999 9:56:00 AM
From: JGreg	Read Replies (1) \| Respond to of 95453

Bill, if that was from a Cincy paper you have to realize how protective of coal the southern Ohio and Kentucky area have to be for survival. It sounds like NG is the near term future, but that has to be very concerning to these areas that have been dependent on the coal trade for decades. All of those coal tipples up and down the Ohio River---- they feel threatened. The Post is probably reflecting that nervous resistance. As far as the DOE, perhaps they have reported what has happened but not what is going to happen.