GLG News by Coal Mine Experts (Appalachia Region)
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Thomas ShewskiOwnerHigh Energy Services
Consol Energy’s Shrewd Purchase of River Transportation Assets
October 9, 2007
Consol Energy Purchases Tri-River Transport Group | www.bymnews.com
Consol Energy’s acquisition of Tri-River Fleeting Harbor Services and Ti-River Marine towboat fleet continues its shrewd investment of Ohio River and Monongahela River assets. This follows Consol Energy’s 2006 acquisition of the Guttman Group Mon River and J.A.R. towboat and barge assets.
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Thomas ShewskiOwnerHigh Energy Services
Positive Indicators for US Coal
September 21, 2007
Global Coal Demand May Lift U.S. Companies | www.phillyburbs.com
As the article points out China’s demand for coal has impacted the global coal situation. This and other issues discussed below are bullish for US coal producers.
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Thomas ShewskiOwnerHigh Energy Services
Coal Transportation Rail Rates Unlikely to Be Restrained Based on Recent STB Rate Case Decisions
September 20, 2007
Captive Shipping is Serious Concern | www.dailyinterlake.com
The long-awaited Surface Transportation Board (STB) rate case decisions for coal transportation to captive BNSF Railway customers demonstrates it is nearly hopeless under the current process to successfully challenge a coal transportation rate.
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Thomas ShewskiOwnerHigh Energy Services
Surface Transportation Board Coal Rate Decisions’ Affect on Coal Market
September 20, 2007
Basin Electric Continues Push for Rail Reform | www.wyomingbusinessreport.com
The Surface Transportation Board (STB) decided two Western coal transportation rate cases for the transportation of Powder River Basin coal in favor of the BNSF on September 10, 2007. Besides the STB’s decision being positive for the coal-hauling Class I Railroads, it is also affects coal’s pricing and placement into plants.
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Thomas ShewskiOwnerHigh Energy Services
Section 29 Tax Credits and Coal Production
September 20, 2007
Progress Energy Idles Production of Synthetic Fuels | www.earthtimes.org
Section 29 of the U.S. Tax Code provides a tax credit to create synthetic fuel from coal material. The Section 29 tax credits date back to the early-1970s in the energy crisis and were designed to encourage more domestic, rather than foreign, energy sources. In many cases, without these Section 29 tax credits, the coal would be uneconomic and would not be produced and sold. The tax credits begin to phase out as oil prices rises. Also, the credits are scheduled to expire at the end of 2007.
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Thomas ShewskiOwnerHigh Energy Services
Some Good News for Constructing New Coal Plants Regarding CO2 Emissions
September 10, 2007
Nevada Panel Won’t Block Coal Plants | www.lasvegassun.com
A few decisions in September 2007 have been good news for building new coal-fired power plant generation. This shows it is not impossible to build a new coal-fired plant because of coal’s carbon dioxide emissions and the belief by some that these emissions contribute to global warming.
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Thomas ShewskiOwnerHigh Energy Services
Northern Appalachian Coal to Scrubbed Plants and the Greed of the Western Railroads
September 10, 2007
Consol Energy Reveals Coal Deals With Scrubbed Utilities in Midwest and Southeast | www.tradingmarkets.com
Consol Energy Inc.’s continued placement of Northern Appalachian Coal as discussed in this and other announcements demonstrate the scrubber and high heat and sulfur content thesis the company has been discussing for over two years. The placement of Northern Appalachian coal, rather than Powder River Basin coal, to a Midwest utility demonstrates the greed of the Western Railroads.
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Thomas ShewskiOwnerHigh Energy Services
Metallurgical Coking Coal Prices Rising: Affected Producers and Potential on Thermal Coal
September 10, 2007
Spot Coal Prices Picking Up After Two Years of Declining Prices | canadianpress.google.com
As the article points out, metallurgical coking coal prices are on the rise. The commentary section discusses the producers in this space and the potential affect on thermal coal.
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Thomas ShewskiOwnerHigh Energy Services
Potential DM&E Build-Out to the PRB: Affect on UP, BNSF, Shippers, and PRB Coal Suppliers
September 7, 2007
Canadian Pacific Acquiring DM&E | www.forbes.com
The Canadian Pacific and its acquisition of the Dakota Minnesota & Eastern (DM&E) along with potential build-out to the Powder River Basin Joint Line are discussed below.
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Thomas ShewskiOwnerHigh Energy Services
A Carbon Cap and Trade Program’s Mechanics and Cost on Electricity
September 7, 2007
Carbon Dating | www.forbes.com
The proposals in Congress for a reduction in carbon dioxide (CO2) emissions include what is called a “Cap and Trade” program. Under a Cap and Trade program, the amount of annual CO2 emissions would be capped and an entity would have to have a CO2 allowance for each ton (or metric ton depending on the final wording of the law) emitted during the year.
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