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

To: Biomaven who wrote (184240)	6/3/2014 6:20:03 AM
From: Bearcatbob	Read Replies (2) \| Respond to of 206154

"Even if these regulations come into effect as presently structured, worst case for coal would be a reduction from around 40% of electricity production to around 30%. Part of that decline is already baked-in because of cheap natural gas and aging coal plants. (Over 10% of existing coal plants are over 60 years old). " Under proposed regulations there will never be another coal fired power plant built in the US. As time progresses all of the coal plants will disappear. It would be interesting to know what the long term plans for coal companies are. There must be some great MBA business cases for this issue. The way I see it they need to cease investment in coal and direct resources into new ventures. I think one way to do this is to put mines that remain in operation into MLPs and let them essentially liquidate with the cash flow going to the unit holders. Greenies have essentially won this issue. Miners and coal plant operators will pay the price for this success with their jobs - and we must all remember how they so loudly "purport" to care for the least among us. Bob