As well as subjected E Ky to the some of the worst economic conditions I've ever witnessed.<quoted text>Funny... I don't remember stating I was perfect!
And... y'alls hypocrisy is invisible to you!
Like Obama supporters....
It's not the color of his skin, but the content of his character!
06 He said... raising the debt limit was un-American, and
Now... He's raised our debt more than all the POTUS's before him together!
Cheaper Illinois coal slows U.S. power market switch to natgas
NEW YORK, Sept 20 | Fri Sep 20, 2013 2:12pm EDT
(Reuters)- Cheaper, dirtier Illinois coal is giving cleaner burning natural gas a run for its money as a fuel for electric power plants, helping the coal market slow the rate at which utilities are switching to abundant, less-expensive gas.
Electric utilities are not switching from coal to gas as quickly as they were last year, when natural gas prices hit a 10-year low. Gas prices have almost doubled since then.
Illinois coal gives power plants that choose to stick with coal another option besides the benchmark Central Appalachian grade. More utilities can burn Illinois coal because they have retrofitted their plants to scrub the coal clean and meet environmental regulations.
Illinois coal is 20 percent cheaper than its Appalachian counterpart and production of it is on the rise.
With Illinois coal now in the mix, it could become more difficult for gas producers to predict how many power plants will switch from coal to gas, a factor in determining demand.
Utilities are still switching from coal to gas, but the rate has slowed by 60 percent this year, according to internal data provided by Reza Haidari, manager with Thomson Reuters Natural Gas Analytics, as natural gas prices have risen.
Central Appalachian coal futures fell this month to their lowest in more than three years, while natural gas has rebounded from a six-month low.
Cheaper coal and more expensive gas generally prompts some utilities to consider switching back to CAPP coal, but analysts and traders said that lately, Illinois Basin coal has been undercutting both CAPP coal and gas.