Arch Coal (NYSE:ACI), Cloud Peak Energy (NYSE:CLD) and Peabody Energy (NYSE:BTU) stand to benefit strongly from the proposed Washington State coal export terminal by Ambre Energy.
The company proposes to build a coal export terminal on the Columbia River in Longview, Washington. Once operational it would deliver over 5 million tons of coal to the coal-hungry nations of China, Japan, South Korea, and India, where demand for coal continues to grow.
The state granted a permit for Ambre to convert a former aluminum smelter into an export terminal.
Radical environmentalists, as usual, oppose the terminal, citing the tired old lie of global warming or climate change as the reason it shouldn't be allowed to go forward.
A typically clueless lawyer for Earthjustice named Jan Hasselman, said, "How are we going to get to the climate goals that
scientists have said are necessary? These decisions are being made by others, such as the coal companies, by default."
Hasselman needs to do some homework, as scientists haven't come to any type of consensus to there even being such a thing a man-made global warming, as a matter of fact, tens of thousands say the so-called science behind it is flawed and inaccurate.
Even the e-mails discovered from global warming proponents saying they had made up some of their data supporting man-made global warming hasn't stopped the fanatical true believers from continuing to spew their unprovable assertions.
As a matter of fact, data show the earth has been cooling for over a decade, and will probably be entering into a much colder period of time than it has been even recently.
One way or the other there will be delivery terminals for coal to Asia, as the demand will be there for decades, and it would be irresponsible not to meet that demand with American coal.
As for Arch Coal, Cloud Peak Energy and Peabody Energy, they will be among the top beneficiaries of a coal-exporting terminal in the short term, which would probably attract much more investment to meet the energy needs of Asia.
Cloud Peak Energy closed Friday at $23.66, down $0.52, or 2.15 percent. Peabody Energy closed at $63.48, down $1.31, or 2.02 percent. Arch Coal closed Friday at $33.50, down $0.48, or 1.41 percent.
Monday, February 7, 2011
Arch Coal (NYSE:ACI), Cloud Peak Energy (NYSE:CLD), Peabody Energy (NYSE:BTU) Would Benefit Greatly from Pacific Export Terminal
Labels:
Arch Coal,
Cloud Peak Energy,
Coal Demand,
Coal Supply,
Peabody Energy
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