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Coal Keeps the Lights on in America — Can We Make It Cleaner?
By a wide margin, the United States has the largest coal reserves on the planet. The coal supplies in the U.S. account for 95% of its fossil fuel reserves and a whopping 60% of the fuel reserves in the world, according to the American Coal Foundation.
Yes, coal prices have continues to rise across the globe. But of course, this pales in comparison to the continued run-up in petroleum, which has virtually paralyzed the wallets of many oil-reliant Americans.
The idea of a coal shortage is virtually unthinkable. We have…
11Jul2008 | The Penny Sleuth | Comments Off | ContinuedWorse Than the Fed
I received an e-mail from a Washington, D.C. advocacy group urging me to urge my U.S. Senators to “support the Climate Security Act.†Climate security? This is legislation to set up emissions trading or a “Cap & Trade†system for carbon-based energy supplies.
Basically, the government sets up a national limit for carbon emissions. This is meant to slow the changes that are supposedly occurring to the atmosphere, and by implication threatening the long-term health of the Earth’s climate systems.
Under the national Cap & Trade limits, industry has to obtain rights to emit carbon dioxide (CO2) or find another source for…
23Jun2008 | Whiskey and Gunpowder | Comments Off | Continued“WE NEED TO TALK”
There is a looming problem for the renewable energy business. It affects the geothermal producers. As the expression goes, “We need to talk.”
I have argued over and over that in an energy-short future, geothermal power will play a key role in meeting power needs. Geothermal systems are well-known technology, at least to people who follow the technology. And some geothermal fields have been making power for many decades. So there’s a real track record for geothermal, unlike for many other alleged technological “solutions” to the energy problems of our time.
Geothermal offers some unique benefits. It is “clean,” emitting essentially no…
11Jun2008 | Daily Reckoning | Comments Off | ContinuedElection 2008: Obama or McCain – U.S. May Suffer Either Way
As Barack Obama closes in on the Democratic presidential nomination, investors should focus their minds around one uncomfortable fact: Whether it’s Obama or Republican John McCain who wins the White House, expect some policy changes that won’t sit well with investors – or with the U.S. economy.
This could make for several rough years for U.S. investments, underscoring yet again the importance of searching out profit plays overseas.
That’s why it’s crucial that we understand just what each candidate is likely to do should he reach office. Interestingly, there are three areas where the two presidential hopefuls seem to be in agreement.…
6Jun2008 | Money Morning | Comments Off | Continued
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