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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (56316)	10/12/2009 3:09:43 PM
From: elmatador	Respond to of 219619

returns to natural size: Oil seating in tankers. OPEC reininig in production. Gas glut and coal glut. Coal glut: U.S. is now sitting on coal inventory at a level not seen since 1973, the first year the Energy Information Administration reported the data. 5% decline in overall power demand. Gas fired takes share from coal-fired. As natural-gas prices dropped to the lowest level in seven years in early September, it dethroned “King Coal” to become a cheaper fuel source for power plants. Natural gas is still down about 40% this year. Gas-fired electricity generation increased by 1.9% in the first half of this year, despite the 5% decline in overall power demand, according to the Energy Information Administration. Meanwhile, coal-fired electricity generation was down 12.8% through June. Coal prices have fallen, but not nearly as much. blogs.wsj.com