GLG News by Mining Equipment Experts
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Thomas ShewskiOwnerHigh Energy Services
Coal Transportation Outlook for the Railroads
September 22, 2008
Railroad Shipping | www.logisticsmgmt.com
Although the year-to-date and outlook for many of the items transported by the U.S. railroads are down, coal transportation has been positive. The commentary section below discusses the positives of coal transportation for the railroads.
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Keith JonesPresidentMaterial Advisory Group, Inc.
Cemex Pricing Increase Overly Optimistic
September 3, 2008
Cemex Hikes Cement Prices By $25 Per Cubic Yard | www.aggregateresearch.com
Cemex announced an across-the-board $25/yard price increase for ready mixed concrete for all its operations in the U.S. This increase is an overly simplistic plan for improving the profitability of the company in the U.S. Cemex ignores the economics of supply and demand and the specific dynamics of each of its markets by attempting this overall increase. Even if one were to give Cemex credit for attempting to be the market leader in ready mix concrete, a price hike does nothing to change the existing market conditions in each market. Demand will not increase in any given market nor will this price increase reduce demand. The end result will be to drive existing Cemex customers to other ready mix producers that are competitors in each market. These competitors will price ready mix, in actuality just a commodity, below Cemex to get the sale. Consumers in the market are more driven by price than company loyalty. This same price consciousness can also overcome customer service.
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Keith JonesPresidentMaterial Advisory Group, Inc.
Multinational Cement Companies Continue Consolidation
September 3, 2008
Europe Slowdown Could Crumble Cement Makers | www.forbes.com
Acquisitions within the construction materials industry have continued in strong fashion, with multinational cement producers leading the way. Bigger and bigger deals are being put together by the world's largest cement producers, both in the U.S. and abroad. These producers are locked in a battle to become ever larger and diversified to keep pace with their competitors. The U.S. is in a downward construction cycle, creating large reductions in tonnage volumes for most producers in the U.S., both domestic and foreign. The lack of supply in many markets and the logistics of transporting these products have worked to maintain strong pricing increases. These pricing increases have almost offset tonnage reductions to kept revenues and profits level or only slightly reduced. Whether these same conditions will carryover into other markets around the world are yet to be seen. The reduction in share price of these public companies though will only fuel continued consolidation.
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Thomas ShewskiOwnerHigh Energy Services
Clean Air Ruling’s Potential Affect on Utilities and IPPs Long SO2 and NOx Allowances
August 19, 2008
Clean Air Ruling Raises Doubts Over Investments | www.cattlenetwork.com
Court’s decision vacating the Clean Air Interstate Rule (CAIR) potentially affects utilities or IPPs long the allowances as described in the section that follows.
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Thomas ShewskiOwnerHigh Energy Services
August 18, 2008
Proposal Would Cut Oregon Coal Plant’s Haze-Causing Pollution | www.oregonlive.com
When air pollution retrofits are placed on a power plant, a regulated, investor-owned, utility financially benefits. An unregulated, independent power producer (IPP) does not necessarily financially benefit.
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Thomas ShewskiOwnerHigh Energy Services
CAIR Ruling Makes it Cheaper to Turn Off/Bypass Scrubbers, But Unlikely to Happen
August 18, 2008
Power Failure: A Court Defeat for the EPA Leaves it Up to Congress to Tackle Utilities' Air Pollution | www.washingtonpost.com
The Court’s July 11, 2008 decision vacating the Clean Air Interstate Rule (CAIR) caused the price of SO2 emissions allowances to decrease less than the cost of operating a scrubber to reduce the SO2 emissions. The discussions that follow discuss this and the likelihood of this happening.
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Thomas ShewskiOwnerHigh Energy Services
Coal- to Gas-Fired Generation Considerations: It is Not Just Fuel Economics
August 18, 2008
Gas Drop Buoys Dynegy, Mirant in Slowing U.S. Economy | www.bloomberg.com
As the article points out, natural gas-fired generation may be cheaper than coal-fired generation in certain parts of the nation. The section below discusses some of the items that go into the decision to fuel switch from coal to natural gas.
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George DorkhomExecutive ChairmanGREENKOTE PLC
July 14, 2008
Despite conflict, U.S. does business with Iran | www.msnbc.msn.com
Sanctioning Iran or Zimbabwe or any such nations is a bad approach to politics as well as economics. It is true as the writer says that the US efforts on sanctions are not coordinated, worse , these measures are never properly enforced and loopholes benefit a select few. More importantly, ecnomic sanctions, boycotts and all the jazzy language end up always hurting the US producers and benefit other nations of Asia, South America and especially Europe. Our leadership has got to stop relying on and using sanctions , which in essence ,are sanctioning US companies and not the intended target.
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Thomas ShewskiOwnerHigh Energy Services
Court Decision Striking Down CAIR Affect on SO2 Allowance Pricing
July 14, 2008
Clean Air Efforts Suffer Two Setbacks | www.philly.com
The court decision striking down the Clean Air Interstate Rule will have an affect on SO2 allowances and the SO2 premium earned by coal suppliers.
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Thomas ShewskiOwnerHigh Energy Services
Court’s Ruling Against Clean Air Interstate Rule and Affect on Emissions Control Spending
July 14, 2008
Clean Air Rules Are Overturned by Court | www2.journalnow.com
The decision by the U.S. Court of Appeals for the District of Columbia Circuit striking down the Clean Air Interstate Rule (CAIR) will affect emissions control spending in the immediate term.
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