Posts Tagged ‘coal’

Europe Burns Coal Fastest Since 2006 in Boost for U.S.

Friday, July 6th, 2012

Source:  Bloomberg

By Rakteem Katakey

Europe is burning coal at the fastest pace since 2006, as surging imports from U.S. producers such as Arch Coal Inc. (ACI) (ACI) helped cut prices 26 percent in a year and benefited European power companies including EON AG.

Demand for coal, the dirtiest fuel for making electricity, grew 3.3 percent last year in Europe while sales of less- polluting natural gas fell 2.1 percent, the steepest drop since 2009, according to a BP Plc report. Germany’s EON and RWE AG (RWE), the biggest utilities in Europe’s largest power market, are considering shutting unprofitable gas-fired plants even as Chancellor Angela Merkel promotes gas to replace nuclear energy. (more…)

Coal Production — The UN’s “Contract and Converge” Game Playing Out Again

Tuesday, May 10th, 2011

Source:  SPPI

by Dennis Ambler

Contract and Converge is the UN agenda for wealth redistribution, which requires the West to cut back on our use of hydrocarbon energy and allows developing nations to expand theirs so that they can catch us up.

Brazil Company invests 2 billion USD to develop Mozambique vast coal reserves

The world’s largest iron-ore producer, Brazil’s Vale will double investments in Mozambique to 4 billion US dollars in the next four years, said Chief Executive Officer Roger Agnelli, on Monday.

The Rio de Janeiro-based company invested 2 billion USD since it acquired the Moatize coal mine in 2004, said Agnelli in Tete province, 2,000 kilometres north of the capital Maputo.

Vale started operations at the 1.7 billion USD Moatize this weekend and is expected to produce 11 million metric tons of metallurgic and thermal coal a year once fully operational, the company said. Moatize employs 7,500 workers and its coal will be transported along a 600-kilometer railway line to the port of Beira in central Mozambique.

Vale plans to set up a coal-to-liquid plant in Mozambique, Agnelli said, declining to give more details. The southern African country’s government supports the plan to produce fuels from coal, said Mineral Resources Minister Esperanca Bias. (more…)

CRS Report: U.S. is Leader in Fossil Fuel Resources

Friday, March 11th, 2011

Source:  Red State

Oil, gas, and coal are the energy sources of the past, present, and future

By prussiansunsets

Posted by dhorowitz3

While Obama continues his implacable war on fossil fuels and campaigns for impotent and unreliable energy sources, he incessantly condemns oil as ‘the energy of the past’.  He is obviously referring to his self-fulfilling dream of eradicating oil from our economy; not the proven reality of our oil reserves.  According to the latest research by the Congressional Research Service (CRS), America has more proven reserves and undiscovered resources of gas, oil, and coal than any other country in the world.  Contrast that to the billions of dollars in special interest subsidies that have failed to ameliorate ineffectual ‘alternative fuels’ and it becomes quite obvious where the energy source of the future lies. (more…)

Foreign Unrest Raises Energy Worries, but Media Put Down Coal

Saturday, February 12th, 2011
Source:  BMI
By Julia A. Seymour
Broadcast news emphasizes industry accidents nearly 80 percent of the time; ignore EPA and Obama attacks on U.S. industry.

The coal industry not only gets attacked by the media for being a “dirty” fossil fuel, it rarely gets positive coverage because the networks focus on disasters. Since Jan. 1, 2010, nearly 80 percent of the broadcast network stories about coal were related to tragic mining accidents. Only 14 percent of stories mentioned coal in any context other than a mine disaster or natural disaster that affected mining.

On Jan. 13, 2011, the Environmental Protection Agency took the unprecedented step of revoking a water permit from Arch Coal’s Spruce Mine No. 1. That was in line with President Obama’s threats to “bankrupt” the coal industry and a “virtual moratorium” on coal permitting, yet the networks didn’t mention it in a single story. (more…)