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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: quehubo who wrote (99912)	4/27/2008 9:58:30 PM
From: Webster Groves	Respond to of 206131

Read the second half of your own link. More are being built than before, just not as many as were originally proposed. Since those proposals were made: (1) the price of coal has rocketed: in.reuters.com (2) Credit for expansion is now hard to come by, and (3) the threat of a recession looms (always said this way). The utilities are not morons, they have to recover their costs, and now things don't look so rosy, so they play a more cautious hand. GW takes the fall, and everything is pat. As I said before, it's all about money. It's always all about money. wg PS - Oh, poor TXU, they booked a loss because someone took sand out of their sandbox. More likely because they lost it all on poor hedges, but let's blame it on plant cancellations. Regardless, I guess the shares plummeted after that, right ? Perhaps you should study how the levereged buyout game is played, especially when KKR is sitting at the table.