Posted on 05/27/2017 2:23:31 AM PDT by Altura Ct.
WINNER - early shift Post of the Day, IMO.
Jive-anka....
“It is in fact, rather wasteful to simply burn coal as it comes from the mine...”
So, you are saying I should close off the coal chute into my basement and convert the associated bin into a workroom?. No need to think about replacing the natural gas furnace and going back to the old ways?
IMO your are correct. In a global carbon trading system, anyone that wanted to build something that uses fossil fuels would need to buy something somewhere else and shut it down.
Big banking houses and multinational oil companies would be among the few with enough financial muscle to pull this off on a global scale, and would essentially corner the market on the world’s cash register.
Wonder how may briefings Tillerson got on this when he was a Exxon.
The burning of coal in home furnaces was actually a step UP from the burning of seasoned wood for that purpose, as there was WAY more heat energy in a ton of coal than there was in an equal weight of dried and seasoned hardwood.
The harvest of stove wood from the wood lot was a home-grown energy supply, and it generated heat twice - once when working up the felled trees into stove fuel, and again when the wood was actually burned.
Still, the burning of coal for residential heat is not a particularly efficient use of that resource, because of the various undesirable by-products of somewhat incomplete combustion.
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It’s a shame that many of his appointments are coming out of the closet after the fact. He is not getting good advice. All the more reason to check with God first on EVERYTHING!!!!!
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The man took Rinse Penis as his rt-hand man and had a tete-a-tete w/ Romney and every GOP(e) alive...what kind of ‘advice’ would you suspect he’s getting?
Better question is: Why is he even LISTENING to the same people that he railed against in the election, that have failed for 40+ years??
Way too many establishment people have been brought into the Trump White House for my comfort level.
Who recommended this guy?
Gary needs to go. Hell, replace him with Ronald McDonald - at least Ronald runs a successful business.
Whether you believe this guy or Trump, if I were an unemployed miner I wouldn’t be sitting around my phone waiting for a call to return to work. For most, it ain’t gonna happen.
A lot, I’m sure.
The guy is right that coal my not be able to compete with NG
Trump said he would get rid of the regulations that made it impossible to
use coal...
Let the free market work
Power plants like to have two sources of energy
Many just have coal as a back up
Is the search to post an article working???
I was going to post the same article
Cohn needs to go. Goldman is the largest corporate contributor to the Democrat Party during presidential campaign.
Cohn knows Trump’s position on issues like coal and man-made climate change. This leftist needs to quit undermining the president’s stances in public. The president should keep “dancing with the ones who brung him” and not bother with those who hate him and will continue to hate him.
Trump made the promise several times to reinvigorate the coal industry. He will keep that promise one way or another.
https://thepointman.wordpress.com/2017/05/11/find-them-fix-them-and-then-destroy-them/
“Good Morning, I’m the carbon credit salesman, and we understand that you want to build a plant in lower Slobovia. You’re in luck, we just bought a manufacturing plant in Iowa and shut it down, and we have 100,000 tons a year of carbon credits for sale. If you give us a long term contract for your fossil fuel needs, we’ll give you a long term contract for carbon credits at a modest discount. We commend your efforts at improving the economies in the developing world, and we have an anonymous offshore affiliate that can help you get permits (don’t want a repeat of what happened with a certain multinational oil company in Kazakhstan 20 years ago).”
Long term carbon credit sale = asset on supplier’s balance sheet
Long term petroleum sale = asset on supplier’s balance sheet
Not any more. Sorry to bust your bubble, but coal as a feedstock is simply a dead issue. The petrochemical industry has long run on natural gas. All the longwinded chemistry to convert coal to hydrocarbons is simply not either necessary or desirable, given directional drilling and fracking, and the immense shale deposits that exist in the US.
About coal's only economic usage these days is to generate electricity, and given the realities of natural gas, even that begins to lack luster, as combined cycle power plants run by natural gas are much more efficient.
Note...I spent my career in the petrochem industry, and watched the attempt by the company I worked for begin to switch from (then supposedly in short supply) natural gas feedstock to gasified coal. The full-scale prototype gasification plant that was built and run for a few years is now a bare vacant lot.
Dow tried it, process ended up with Conoco, who sold it to CB&I. $billions worth of the technology is now in startup overseas.
But that’s for chemicals.
Its still kind of hard to get a blast furnace to smelt iron oxide without coke.
Coal makes a lot of sense if you live in a coal-producing region and there is no other work yet built out. Shut your intellectual pie hole, Cohn.
Fire this wall street loser bum!
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