RE: RE: Thermal Coal Statements by Raven 2guys: I wasn't being selective I was highlighting the point made in the statement. I did link to the full report did I not?
The fact is that in that press release, in the same breath that Compliance says QUOTE: "all of the Raven washed product could be marketed as a high-quality thermal coal".
This was not a statement by PAH. This was a statement by Compliance Energy Corporation.
Whether you choose to close your eyes and skip over that part is up to you. I was just forcing you to read it.
Also, how can you say thermal coal "goes for much less in price than metallurgical coal" when in fact according to this PLATTS report:
https://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/8272610
May 2012 spot prices are around $125 for Australian Semi-Soft for stuff that is lower ash(9%), and lower sulphur (0.5-0.6%) than Raven Semi-soft so Raven would likely sell for a little less as Woods McKenzie specified in their report.
The May 2012 Spot Price for Thermal Coal out of Newcastle was
https://www.bloomberg.com/quote/CLSPAUNE:IND
$98 ... it's now down 10% to $88, which, if Semi-Soft is still following is likely down to around $112. Just for comparison, the high in the past 5 years was $192... the low, $60. Thermal is a lot closer to the low than the high right now and I suspect so is Semi Soft.
Bestguesstoo:
#1: There are no technologies that limit CO2 production from coal burning or Natural gas. Period. It's not like other pollutants where it can be 'scrubbed' out. There is simply too much of it and there is nowhere to sequester it. So a coal plant in China is just as dirty, climate wise, as a natural gas plant in Canada. That is the blunt truth of it.
#2: We are the exporter, and the importer. We are the ones demanding the goods. You cannot act as if China simply uses this stuff and then that's it. No, China uses this stuff in order to export goods back to us. Therefore we have a responsibility to both curb the production and the consumption of fossil fuels if we are to be serious about limiting them. It's not good enough anymore to say that 'one day' solar panels might save us all. We are changing the Earths weather patterns before our very eyes, and it's not going very well. Scientists believe it will get much worse if we do not take massive corrective action within the next decade or two.
It is these larger issues that must drive us now. If we don't start somewhere, we will never start.