Wednesday, April 02, 2008

Bank of America: More Heat on Coal

From this post:

As the Innovest report detailed, along with a host of government and industry analyses, climate-change legislation will almost certainly make natural gas the most cost-effective fuel for power generation. It already makes up 20% of U.S. power supply, and companies are furiously looking for more in the oddest places.

The burning question for policy-makers, if not for financiers, is how much America’s energy, climate, and industrial policies win by shifting reliance to a fuel that basically tracks the price of oil and will have to be increasingly imported. Just ask Long Islanders

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