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http://www.jamesrivercoal.com 

YES...
 THE LINKS WORK!

 

A COMPANY WITH A DEEP HISTORY

James River Coal Company mines and sells bituminous, steam and industrial-grade coal through six operating subidiiaries located throughout Eastern Kentucky and Southern Indiana. We are the sixth largest coal producer in Central Appalachia and the third largest in the Illinois Basin.

James River Coal Company began trading on NASDAQ on January 25, 2005.

 

 


 Use the links above on the left to explore the company website pages...

DAILY

         

WEEKLY

 

Electricity and Coal

by Sol Palha, Tactical Investor | February 6, 2009

Print

Billion Kilowatt hours

Country

1980

1990

1995

2000

2003

2005

2006

Bermuda

0.29

0.43

0.46

0.55

0.58

0.61

0.62

Canada

309.6

433.63

466.38

504.48

528.13

541.25

529.95

Greenland

0.14

0.19

0.23

0.26

0.27

0.28

0.28

Mexico

56.66

100.22

122.05

167.25

171.76

189.98

195.91

United States

2,094.45

2,837.08

3,163.96

3,592.36

3,662.03

3,810.98

3,816.85

North America

2,461.15

3,371.59

3,753.11

4,264.95

4,362.82

4,543.15

4,543.66

France

236.75

324.44

369.02

411.93

437.3

451.81

447.27

Germany

- -

- -

483.48

505.04

532.5

545.76

549.06

Turkey

21.84

47.84

68.39

98.57

110.43

129.01

141.46

Russia

- -

- -

714.23

717.29

745.18

779.44

819.59

South Africa

85.52

144.71

161.69

180.73

199.85

211.19

201.88

China

261.49

549.34

876.43

1,177.89

1,678.77

2,195.10

2,528.95

India

97.9

219.88

318.28

375.39

428.18

483.29

517.21

Japan

523.72

776.49

896.62

946.3

936.6

979.82

982.46

Source www.eia.doe.gov

The US has been generating over 49% of its electricity from coal for decades now and despite all the noise, we do not think this figure is going to change substantially soon.  From 1980 to 2006, US electricity consumption has increased by 89%, which means that coal consumption increased by a similar magnitude, for the percentage of electricity generated from coal has remained somewhat steady throughout the years.  The idea that solar, wind and other sources can immediately replace coal is a fallacy; it would take years for us to replace coal plants with a mixture of nuclear, solar and wind power plants.  This would not address future demand and so bottom line, while coal is dirty, it is here to stay for years to come. 

The two main players now are China and India; china now consumes more coal now than any other country in the world; to put this in perspective, China now consumes more coal than US and the Entire European union combined. Last year China consumed 2.62 billion tons, an increase of over 160% from 2000, when it consumed only 1 billion tons.   By 2010, it is estimated that China will use approximately 3 billion tons; currently, China alone consumes roughly 1/3 of the worlds total coal output.  Roughly, 70% of China’s electricity is generated from Coal (1.93 trillion kilowatts), and it is still constructing roughly one new coal power plant a week.  Even Though China has embarked on one of the most aggressive nuclear power plants building sprees ever, when all these plants are built, they will barely supply 5% of Chinas total electricity needs. Thus it’s fairly easy to assume that coal will remain a major driving force of the Chinese economy for decades to come. 

India is the 6th largest generator of electricity in the world, and it’s also ranked as the 6th largest consumer worldwide.  Over the past decade consumption has increased by over 64% and its projected increase in electricity consumption of 8-10% annually is one of the highest in the world.  As with China and the United States, coal provides a major portion of India’s electricity; currently, 69% of India’s electricity is generated from coal.

In 1996 India consumed 295 million tons of coal; by 2005 the figure had jumped to over 465 million tons. From 2000 to 2005 India’s coal usage increased by 5.5% a year; if we use the same projection, then in 2006 it consumed 490 million tons, in 2007 it consumed 516 million tons, in 2008 it consumed 544 million tons and by 2011 it will be consuming roughly 637 million tons; this off course is based on the assumption that consumption will continue to increase at a pace of 5.5% per annum and not spiral upwards.

The EIA Projects that India and China will account for 34% of the world’s total increase in energy consumption worldwide and 85% of the world’s total projected increase in coal usage between 1995 and 2020.  China and India have increased their power output by 1000% and 500% respectively since 1980 and at the rate China is going; it will eventually surpass the United States. The only way it’s going to be able to increase its output in a significant way it’s to embrace every single source of energy out there and that includes coal.

These two countries are already operating well below optimal capacity; in fact, rolling black outs are the norm in both these countries and thus the question does not fall into the” if” category but the must category when it comes to the construction of new power plants. No matter how aggressively they build new nuclear, solar, or hydroelectric plants, they will still need to continue building coal fired plants in order to meet demand, which continues to increase at a record pace.

Hence even if by some miracle the U.S. could implement some plan in record time that would cut down the need for new coal plants, it would in no way affect long term prices because most of the world’s electricity is still derived from coal. 

There are several ways to play this sector, some more rewarding than the others, but the simplest way if you are bullish, would be to purchase shares in KOL, the coal ETF. As market conditions are currently far from normal, individuals should refrain from taking huge bites, but instead deploy their money in bits and pieces. Finally, one needs to take the long term view, for the short term ride is bound to be volatile.

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Copyright © 2009 Sol Palha
Bio and Archive

contact information

Sol Palha | Tactical Investor | 38-11 Ditmars Blvd. Astoria, NY, 11105 | Email | Website


PostSubject
#356   JRCCQ: Bankruptcy PLAN effective. All shares cancelled. Renee 03/23/16 09:22:40 AM
#355   Me too. Any idea when that Q is trackkwizzard 03/20/16 08:08:57 PM
#354   Be watching this one... ;-) Minuteman-MX 03/16/16 05:43:09 PM
#353   257,297 volume picking up here. trackkwizzard 12/23/15 02:01:04 AM
#352   How much time do you think we have? trackkwizzard 12/08/15 11:58:34 PM
#351   Just a little lower please. willlbone 10/20/15 02:56:56 PM
#350   That's v"viicq" not voice stupid phones stokbrokin 09/08/15 08:43:12 PM
#349   I too was in voice for all of stokbrokin 09/08/15 08:42:35 PM
#348   What the heck is going on with this Floppyplants 08/31/15 11:41:08 PM
#347   This will definitely be a long term investment. pennyrocks 02/23/15 08:16:25 AM
#346   I see that happening as well Question is how Blaze2 11/17/14 11:38:55 AM
#345   Coal is coming back maxxm 11/10/14 06:25:52 AM
#344   I like how you think ahead. All this pennyrocks 10/14/14 02:49:10 PM
#343   You know coal will never go away. now standbuy 09/07/14 11:32:51 AM
#342   It is a gamble. betahighlander 09/02/14 11:57:27 AM
#341   Wow Beta, Looks like your VIIC is Joe Stocks 09/02/14 11:14:52 AM
#340   >>Ugh. there will be more opportunities Joe.<< Joe Stocks 09/01/14 08:42:59 PM
#339   Ugh. there will be more opportunities Joe. betahighlander 09/01/14 05:46:19 PM
#338   >>sold substantially all the assets and some assumed assets<< Joe Stocks 08/31/14 06:45:59 PM
#337   Well, this sucks. I haven't been watching closely Joe Stocks 08/31/14 05:56:00 PM
#336   Only if they buy them above the $800 pawpawsir 07/22/14 10:02:45 AM
#335   I don't think so. That being said the 44centsAKAchoccake 07/06/14 02:52:57 PM
#334   Incentive plan to run a good auction. Hope 44centsAKAchoccake 07/06/14 02:49:47 PM
#333   They are in process of being bought out.. Ekymoney 06/27/14 03:12:07 PM
#332   Bonuses !!!!!!!!! Alpha66 06/27/14 10:39:19 AM
#331   Joe I'm old professonal at q stock, this NoMoneyToInvest 05/12/14 11:36:49 AM
#330   You asked for my opinion, and I gave Joe Stocks 05/11/14 10:59:52 PM
#329   CEMJQ Multi-Millionaire Tuesday, 05/19/09 07:08:52 NoMoneyToInvest 05/11/14 08:06:03 PM
#328   >>so did cemtura<<< Joe Stocks 05/11/14 05:29:16 PM
#327   Whatever. Clueless wall_street61 05/11/14 02:26:57 PM
#326   I know u were member of EC, kinda NoMoneyToInvest 05/11/14 01:35:43 PM
#325   Not when the company was offering over twice wall_street61 05/11/14 12:43:13 PM
#324   when I got in with shares at 4 NoMoneyToInvest 05/11/14 09:08:41 AM
#323   I don't think 4 cents to 75 cents NoMoneyToInvest 05/11/14 09:03:30 AM
#322   Not hardly. Those bonds were trading at wall_street61 05/10/14 09:44:47 PM
#321   so did cemtura did and they came out ok... NoMoneyToInvest 05/10/14 07:18:27 PM
#320   With the bonds trading at less than 20 Joe Stocks 05/10/14 04:50:16 PM
#319   Yeppers... NoMoneyToInvest 05/10/14 01:14:10 PM
#318   that is a good idea!!! NoMoneyToInvest 05/10/14 01:13:04 PM
#317   not today... NoMoneyToInvest 05/10/14 01:11:04 PM
#316   JRCCQ breaking into some new lows... NoMoneyToInvest 05/10/14 01:10:24 PM
#315   You think its worth anything after ch11??? NoMoneyToInvest 05/10/14 01:09:15 PM
#314   I want some! trackkwizzard 04/24/14 03:07:06 AM
#313   JRCC delisted from Nasdaq to OTC. Ticker changed Renee 04/16/14 04:57:57 PM
#312   Interesting indeed. I may take a position here ChicagoGolfer12 04/12/14 02:13:38 PM
#311   Interesting finish today. Huge buying and a big $tockfather 04/10/14 04:34:43 PM
#310   JRCC $0.2685 AOuvier 04/10/14 11:56:41 AM
#309   Bounsing time +++??? holgers 04/10/14 10:59:42 AM
#308   JRCC Credit Bubble Stocks Blog Joe Stocks 04/09/14 09:52:18 AM
#307   I don't think JRCC has any preferreds...or at Joe Stocks 04/08/14 06:26:56 PM
PostSubject