Monday, October 05, 2009

Coal Shares Rise As Cold-Weather Forecasts Lift Gas Prices - WSJ.com
Barron's said Monday that global coal use is expected to jump 55% by 2025, propelled by growing demand from China and India. It said that's good news for companies like Peabody that have a growing presence in Asia. Peabody has invested heavily in mines in Australia in recent years and gets about 10% of its total production from the country. The production of low-cost, high-quality Australian coal could account for about one-third of the company's pretax profits, Barron's said.
Texas governor vows to fight cap-and-trade legislation - San Antonio Business Journal:
“More mandates, restrictions and penalties are not the kind of thing that will encourage innovation and investment. As it stands, this bill would usher in the single largest tax in the history of our nation, along with an unprecedented degree of federal intrusion into every American farm, home and workplace,” Perry says. “These energy taxes will cause every product that uses energy in its creation, cultivation or transportation to become more expensive, forcing hard-working Americans to bear massive new costs and kicking the legs out from underneath a national economy that is already wobbling.”
Google Earth Shows Predicted Environmental Devastation
The assumption apparently underlying the entire climate change version of Google Earth is that the worst possible assumptions of the Intergovernmental Panel on Climate Change (IPCC) are simply true. The orientation of the website seems all the more apparent in light of the decision to include a 5-minute video of a soporific monologue by former Vice President Al Gore. Mr. Gore’s ability to set forth the “chicken little” scenario for climate change with all the enthusiasm of an automated phone solicitation is almost impressive; one almost expects him to say, “Press 1 for Spanish, Press 2 for Klingon,...”
GRAINS-Corn up 2.5 pct on slow harvest, freeze fear
CHICAGO, Oct 5 (Reuters) - U.S. corn rallied 2.5 percent on Monday as cold, wet weather delayed the harvest in the Midwest grain belt and forecasts for a killer freeze this weekend raised fears of crop damage.

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