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View Diary: More Coal Woes: Always a Fun Diary to Write (42 comments)

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  •  Goldman Sachs is bearish on coal (6+ / 0-)

    for direct electricity generation and also for export. Investments in mines and export terminals made today cannot pay off for the decades required to be profitable, now that both natural gas and wind beat coal in much of the country, soon to be all.

    There are always grifters looking to profit by getting somebody else to make somebody else again pay them a profit on their projects. We have that in the two coal gasification boondoggles in Indiana, at Rockport and Edwardsport. Neither was possible without making corrupt deals with the Legislature to force the public to pay above market prices for the generated power.

    Back off, man. I'm a logician.—GOPBusters™

    by Mokurai on Thu Mar 20, 2014 at 10:13:00 AM PDT

    [ Parent ]

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