GLG News by Mining Equipment Experts
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Thomas ShewskiOwnerHigh Energy Services
April 27, 2009
Administration Stops Short of Endorsing Climate Bill | www.nytimes.com
House Democrats issued a draft climate bill titled “The American Clean Energy and Security Act of 2009” on March 31, 2009 which proposes to reduce CO2 emissions and require the development of renewable energy on a nationwide scale. The section that follows highlights important provisions contained in this 648 page draft bill.
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Thomas ShewskiOwnerHigh Energy Services
Potential New Emissions Rules: Effect on Electricity Generation
April 27, 2009
Central New York Rep. John McHugh Takes Aim at Acid Rain | www.syracuse.com
Some in Congress are using the debate in Washington, DC on carbon tax to also include additional limits on mercury, nitrous oxide (NOx), and sulfur dioxide emissions (SO2) from coal plants. Many proposals have been floated in Congress (one of which is linked here) to limit these emissions. If any of these proposals were to pass and become law, it will have significant impact on electricity generation.
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Thomas ShewskiOwnerHigh Energy Services
Burn Likely to Continue to Be Down for Several Months
April 27, 2009
Genscape Coal Burn Falls 2 Percent Below Same Week 2008 | uk.reuters.com
Domestic thermal coal demand is likely to continue to be down for several more months, with nothing positive on the immediate-horizon.
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George DorkhomExecutive ChairmanGREENKOTE PLC
Auto makers and the dinasourses
April 5, 2009
Chrysler Plan Trims Fiat's Stake, Cuts Out Cerberus | online.wsj.com
The US car makers ,especially GM and Chrysler, have caused self inflicting injuries on their operations and other orgnizations that work with them and for them. , I have written in the fall of 2008 about the ultimate need for GM and Chrysler to file for chapter 11 and reorganize under the supervision of the court and have then explained the merits of filing and how fitting these companies' circumstances to such filing. My article was not that popluar at the time ,because I think the auto industry insiders are and still in denial with the arrogance that how could it be possible that GM is in Bankruptcy ? well it is possible and if this was done early on, we the tax payers would not have to throw good money after bad money , and also the bleeding would perhaps have stopped ..sort off.Chapter 11 to flush out the old GM and Chrysler and emerge as a new, strong, leaner and perhaps smaller companies is the answer, of course with a different management team that know the real world.
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Thomas ShewskiOwnerHigh Energy Services
Key Features of Draft Climate Bill
March 31, 2009
Democrats Unveil Climate Bill | www.nytimes.com
House Democrats issued a draft climate bill titled “The American Clean Energy and Security Act of 2009” on March 31, 2009 which proposes to reduce CO2 emissions and require the development of renewable energy on a nationwide scale. The section that follows highlights important provisions contained in this 648 page draft bill.
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Thomas ShewskiOwnerHigh Energy Services
Potential Setback for Central Appalachia Mine Permits
March 24, 2009
EPA Halts Hundreds of Mountaintop Mining Permits | www.miamiherald.com
EPA sent two letters to the U.S. Army Corps of Engineers expressing serious concerns about the need to reduce the potential harmful impacts on water quality caused by certain types of coal mining practices, such as mountaintop mining. The letters specifically addressed two new surface coal mining operations in West Virginia and Kentucky. EPA also intends to review other requests for mining permits. This EPA action follows shortly after the Court’s favorable ruling on the mining practice in February 2009. This EPA action may negatively affect the producers.
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Thomas ShewskiOwnerHigh Energy Services
March 24, 2009
2009 EPA Allowance Auction Results | www.epa.gov
SO2 allowances are traded daily in the broker and private party markets. The value of these credits are down substantially, affecting both the cost to generate electricity on coal and the realized sales price received by coal suppliers.
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Thomas ShewskiOwnerHigh Energy Services
Potential Consequences of EPA’s Proposal Regarding Global Warming on Infrastructure Projects
March 23, 2009
EPA: Global Warming Endangers Health. Finding Could Have Far-Reaching Implications for Economy and Environment | www.washingtonpost.com
Back in Spring 2007, the U.S. Supreme Court ruled in a 5-4 decision that the Environmental Protection Agency (EPA) may regulate carbon dioxide (CO2) emissions. It appears the EPA in the new Presidential Administration may be moving forward in declaring global warming endangering health, requiring regulation on CO2 emissions. The analysis section below discusses how this could have an effect on infrastructure projects.
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Thomas ShewskiOwnerHigh Energy Services
Carbon Cap and Trade Program – Structure and Cost on Fossil Fuel-Fired Electricity
March 23, 2009
Obama Proposal Angers Coal Industry, Including Southern Indiana’s Duke Energy | www.newsandtribune.com
The proposals by the Administration 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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Thomas ShewskiOwnerHigh Energy Services
March 23, 2009
U.S. Power Plants to Burn Less Coal in 2009: EIA | uk.reuters.com
U.S. domestic demand coal demand is down due to lower electricity usage, less industrial demand, fuel switching to natural gas as a result of low natural gas prices and high NOx emissions costs on coal-fired generation, and high inventories at many coal plants. U.S metallurgical coal demand is down due to steel demand being off. Exports of metallurgical and steam coal will also be down from 2008’s robust export volumes.
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