GLG News by Thermal Coal Experts

Sam TimpanoPresidentSam Timpano & Associates

Buffett's view is just the beginning

May 5, 2009

Analysis of:Buffett Sees Massive Inflation to Handle Staggering Debt | moneynews.newsmax.com

Inflation will become a serious problem within the next 2 years. However, there are more serious results that will occur due to the Obama administrations' irresponsible fiscal plans. Higher taxes for every citizen and company are virtual guarantees and will be an inhibitor to meaningful recovery and growth.  

Himadri BanerjiChairman and Managing DirectorEcoUrja

The Mega Oil Find In Pre Salt Basin Sets Brazil To Change Oil Exploration Policy

May 4, 2009

Analysis of:The future of the Brazilian "pre-salt" oil reserves | www.ogfj.com

The article is of significance because it reports that since the discovery of potentially massive oil reserves, estimated to be over 50 to 100 billion barrels in the "pre-salt" region off the coast of Brazil, the Brazilian government is expected to promulgate new regulations which will open the pre-salt territory for more comprehensive exploration.  It holds great potential for international oil companies searching for new reserves to satisfy growing global energy demands. besidees, the oil find has far reaching implications in reducing US dependence on middle east oil.

Himadri BanerjiChairman and Managing DirectorEcoUrja

A Forecast On US Short Term Natural Gas Price: Shale Play and LNG

May 4, 2009

Analysis of:EIA conference:Ample US gas supplies pose challenges | www.ogj.com

Nick Snow Editor of Oil and Gas Journal Washington in an article on the EIA conference reports that there is no reason near term for the gas prices to increase beyond the 4-7$/Mcft range considering scarcity in supplies. 1.With the impressive growth of hydraulic fracturing it would be easier to exploit the reserves though there would be difficulty in determining how and when this impressive national asset can be developed. 2. As per some observers application of latest technology in the Haynesville Shale is making gas that was budgeted at $7/Mcf producible at $4/Mcf. This will also give added economic flexibility in production well sizing, now that for the first time, the industry can ramp up and down in fairly small increments. 3. Few panelists suggested that additional LNG could reach US markets despite low prices because of falling demand in Europe and Asia. This in spite of increase in gas demand from new gas plants planned to support President Obama’s clean air initiatives.

Himadri BanerjiChairman and Managing DirectorEcoUrja

Security Risks and Smart grid

May 4, 2009

Analysis of:Obama's proposed "smart grid" may be vulnerable to attacks by computer hackers | www.newstrackindia.com

According to a report by Fox News, the "smart grid" is projected to be a nationwide system of automated meters and advanced sensors that integrates new alternative-energy sources with traditional power plants. Creating a two-way line of communication between homes and the grid - however "smart" it may be - has its risks, according to experts.   "With smart grid, anybody with an eBay account and 80 dollars can go and buy a smart meter, reverse-engineer it and figure out how to attack the grid," said Josh Pennell, president and CEO of IOActive, a technology research firm in Seattle, who testified before the Department of Homeland Security last week.   Security analysts predict low-level hackers trying to steal customer data for the purposes of fraud - or an international terrorist group infiltrating the grid and causing a massive power blackout.   There have already been several instances of hackers breaking into foreign power grids and holding the electricity supply for ransom.

Himadri BanerjiChairman and Managing DirectorEcoUrja

Boosting Photovoltaic Solar Power in China

May 4, 2009

Analysis of:China Combats Solar Downturn With Subsidy | www.environmentalleader.com

 This article is important because 1.While the world over there is a shift towards FIT or Feed in Tariff, China continues with subsidy to stimulate the solar power industry. 2. The percentage of subsidy 2.99$ per watt is about 48 percent on the  ruling international cost of 6.50$ per Watt, which is a far cry from grid parity.   3. This comes as a boon for the Chinese-based solar companies such as LDK Solar, Renesola, Canadian Solar, Trina Solar, JA Solar Holding, China Sunergy, Suntech Power, Solarfun Power and Yingli Green Energy, who are struggling against the global economic downturn.    

Himadri BanerjiChairman and Managing DirectorEcoUrja

Smart Grid Companies Get a Real Stimulus

May 4, 2009

Analysis of:Competition Grows Fierce for Smart Grid Stimulus Funds | earth2tech.com

The article is important because it relates to the game for smart grid companies over the next several months as funding from the economic stimulus package rolls out to state and federal agencies. Xcel Energy, PG&E, Cisco and IBM are the top rivals, but the race is on for the gamut of industry players from smart meter firms like Landis and Gyr and SmartSynch, to network companies such as Gridpoint and Tendril, to utilities like Southern California Edison and Sempra.

Sam TimpanoPresidentSam Timpano & Associates

100 Days to Nowhere

April 29, 2009

Analysis of:One hundred | www.nytimes.com

This administrations' first 100 days have been a failure. The media in America cannot afford to objectively judge this President as their credibility now rests on the false buildup and hype they invested in his election. America is going to be irrevocably changed by this administration and there is little being done at the moment to resist this change. The Republican party is not doing enough to combat this change and are being further marginalized to an extremely dangerous position that will open the door to an even more dangerous paradigm shift in Americas' position in the world. The citizens must now get involved, informed and vocal about this dangerous shift.

Thomas ShewskiOwnerHigh Energy Services

Take-Or-Pay Coal Contracts

April 27, 2009

Analysis of:Coal Prices Crumble | www.forbes.com

    Both steam and metallurgical coal demand are down.  United States steam coal (for electricity generation) is down due to the economic slump affecting industrial demand and switching to cheaper natural gas-fired electricity generation in some areas of the nation.  Metallurgical coal demand is down due to the crushing drop in steel production domestically and globally.                    Although coal demand is down significantly, it does not necessarily allow coal under contract to be excused for purchase.

Thomas ShewskiOwnerHigh Energy Services

Draft Climate Bill

April 27, 2009

Analysis of: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.

Thomas ShewskiOwnerHigh Energy Services

Potential New Emissions Rules: Effect on Electricity Generation

April 27, 2009

Analysis of: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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