31 May '14, 12pm

Peak Coal: Will the US Run Out of Coal in 20 Years or 200 Years? - #GoogleAlerts

Heinberg and others have well documented the global issues with coal. We probably have seen peak coal in the US for above and below ground reasons. PO will ensure peak gas, coal, and AltE. The financial crisis coming soon will be another nail in the coffin of any kind of growth in coal. We are seeing the twin pressures of environmental policies and market distorting Wall Street policies promoting gas impacting coal. Both of these policies will be short lived when the grid stutters and flickers. The cost of capex needed to finance and run coal operations is going up dramatically and markets are shrinking. This is a bad combination. I know coal because my family sells equipment to Illinois Coal operators. I did 20MIL deals back when I was Finance manager for the family business 10 years ago. Strip mining coal is a capital intensive endeavor requiring large capex and energy i...

Full article: http://peakoil.com/production/peak-coal-will-the-us-run-o...

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