Replies to post #1720 on Patriot Coal Corporation (fka PCXCQ)

[iheartweimers]

Per Wikipedia, for 2010, sources for electricity were:

Coal 30%
Natural Gas 41.4%
Nuclear 9.4%
Hydro 8.7%
Renewables 5% Wind, solar, biomass, Geothermal.
Petroleum 5.5%
Total 100%
Since 2010, numerous coal fired plants have shut down for
the sole reason that they cannot produce electricity in
competition with gas until gas is at $4, and it is now at $2.80.
I look at one directly across the lake, that shut down last
month for that very reason.

http://en.wikipedia.org/wiki/Energy_in_the_United_States

Getting past that, I'm with you, coal is an intregal and very
important part of the mix. But transportation costs to China
and Europe are very high, and it takes oil fired shipping to
get it there. They will buy our coal for as long as Russian
gas is $15 per million BTU compared to our coal. See the
Coal is Black Gold article posted earlier for prices.