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Started By
Message
re: Top WH Advisor: Coal doesn't make sense anymore
Posted on 5/26/17 at 3:38 pm to tigerinDC09
Posted on 5/26/17 at 3:38 pm to tigerinDC09
quote:
Trump sure does love those coal miners
You mean those Americans??
Posted on 5/26/17 at 3:39 pm to Machine
quote:
people that spout off about "clean coal" are the biggest window-lickers of them all
You're licking windows on this one, machine. Clean coal technology exists, it's just too expensive with gas prices at what they are. There's a business case for gas, that's why you are seeing sharp increases in its use.
ETA: Grab your wallet when gas prices rise, though.
This post was edited on 5/26/17 at 3:42 pm
Posted on 5/26/17 at 3:48 pm to The First Cut
quote:
At least in the short term - coal is dead. Trumpy can do nothing about that.
Hey pal, you just don't understand what getting on the Trump train means.....Taking Back America (at least 50 years).
Posted on 5/26/17 at 4:41 pm to GumboPot
quote:
Thanks to.... wait for it... wait for it... FRACKING!
Although cute, this is false. natural gas was cheap and abundant prior to the advent of fracking. GOM has huge NG deposits.
Posted on 5/26/17 at 4:42 pm to The First Cut
Grab your wallet when NG prices go up......
THIS^
If not for all the clean air regs, it would be competitive at $3,50 per Dth.
THIS^
If not for all the clean air regs, it would be competitive at $3,50 per Dth.
Posted on 5/26/17 at 4:46 pm to GeauxLSUGeaux
quote:
Russia must have told him to do it to help out their fledgling coal industry. That sly dog Putin!
Actually we beat Russia in the coal war a long time ago
Posted on 5/26/17 at 4:50 pm to tigerinDC09
How about we just let the market place decide what to use? And by that I mean NO GOVERNMENTAL assistance for any program. No money for Solyndra. No money for clean coal research.
Let private companies come up with ways to meet the emission requirements (for coal) or a cost effective workable solution (for wind or solar). Then the private company that comes up with the best solution will make the most money.
And pay taxes on that money. The government needs to stop trying to influence technology, because when they do, we the taxpayer usually ends up with a big bag of nothing (see Solyndra)
If a company comes up with a cheap efficient solar technology then great, but until it can beat the price of coal then it wont be a leader in that industry.
Let private companies come up with ways to meet the emission requirements (for coal) or a cost effective workable solution (for wind or solar). Then the private company that comes up with the best solution will make the most money.
And pay taxes on that money. The government needs to stop trying to influence technology, because when they do, we the taxpayer usually ends up with a big bag of nothing (see Solyndra)
If a company comes up with a cheap efficient solar technology then great, but until it can beat the price of coal then it wont be a leader in that industry.
Posted on 5/26/17 at 5:12 pm to Sid in Lakeshore
quote:
Although cute, this is false. natural gas was cheap and abundant prior to the advent of fracking. GOM has huge NG deposits.
I will agree that fracking's direct impact on natural gas has been far less than oil, it has definitely had an effect. Fuel switching decisions were driving NG up before fracking really took off. I remember $30+ spot and $10 futures prices for natural gas in the mid 2000's time frame.
Like a lot of other economics issues, you can't boil this down to just one or two data points.
This post was edited on 5/26/17 at 5:15 pm
Posted on 5/26/17 at 5:18 pm to boogiewoogie1978
quote:
This is just all kinds of LOL. Trump sure does love those coal miners
We love our coal miners don't we folks
So, the best you can do is repeat what somebody else says? What are you....a parrot?
Posted on 5/26/17 at 5:47 pm to Sid in Lakeshore
quote:
Although cute, this is false. natural gas was cheap and abundant prior to the advent of fracking. GOM has huge NG deposits.
100% false. We were building LNG terminals to import LNG and are instead exporting LNG, strictly because of fracking.
Posted on 5/26/17 at 10:51 pm to The First Cut
quote:We were building one import facility (Chenier), the first in 25 years, on a gamble that turned out to be wrong.
We were building LNG terminals to import LNG
quote:True. Fracking turned the tide from "peak oil" into "could last a hundred years."
and are instead exporting LNG, strictly because of fracking
There are now so many exporting facilities planned and underway, my question is, are they overdoing it?
Posted on 5/27/17 at 7:46 am to LSUgusto
quote:
There are now so many exporting facilities planned and underway, my question is, are they overdoing it?
I don't think there is much question about it. Unless Europe commences a massive number of re-gas facilities ASAP. The Asian markets are well supplied already.
Posted on 5/27/17 at 7:48 am to kingbob
quote:
He's right, but that coal's not for us, it's for China and India which are building a new coal power plant virtually every day.
/thread
Posted on 5/27/17 at 7:51 am to TaderSalad
Not really China. China is making a massive move towards Natural Gas and renewables right now.
Posted on 5/27/17 at 7:53 am to tigerinDC09
He might be right.
But let's let the free market sort this out.
But let's let the free market sort this out.
Posted on 5/27/17 at 8:17 am to LSUgusto
McMoRan was applying to convert MP299 to an LNG import terminal.
Posted on 5/27/17 at 8:26 am to The First Cut
quote:
Clean coal technology exists, it's just too expensive with gas prices at what they are. There's a business case for gas, that's why you are seeing sharp increases in its use.
and where has this technology been perfected?
Posted on 5/27/17 at 8:29 am to Machine
The technology is in use now, we're still generating 30% of our electricity capacity with coal, post-Obama regs.
Posted on 5/27/17 at 8:36 am to The First Cut
Can't we convert coal to diesel or another liquid fuel? The Germans did it during WW2 surely we can do it better and cheaper now.
Posted on 5/27/17 at 8:37 am to The First Cut
quote:where is clean coal technology currently being used? I'd like to see an example with zero CO2 emissions
The technology is in use now, we're still generating 30% of our electricity capacity with coal, post-Obama regs.
This post was edited on 5/27/17 at 8:38 am
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