Our estimate of future coal production depends a lot on whether we think that the people of Montana will get into serious coal production.
Mr Abbott kicked off his attack in the Hunter Valley, a coal-mining region of New South Wales, where he branded the tax a threat to coal's future.
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Boone Pickens has argued for years that natural gas is the best immediately available economic and environmental solution for U.S. energy needs, a bridge over oil and coal to the future when alternative solar, wind, and nuclear power will be ready to take over more of the load.
The future is coal-based: half of Asia's primary energy consumption, and 70% of China's, is coal.
Peabody Energy saw its stock rally nearly 15% on Monday as it proclaimed to the world that coal has a bright future.
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In this wave, additional natural gas-fired power plants will be built to replace retiring coal plants and meet future increases in demand.
"If you're buying stock in a company that is banking its future on coal, you might be making a very expensive mistake, " warns Daniel Becker, director of global warming and energy policy at the Sierra Club.
If natural gas is to win by default and utilities are to get rid of all their coal and nuclear, future utility chiefs will have some sleepless nights, adds Tom Farrell, chief executive of Dominion Resources.
In Michigan, meanwhile, the public service commission there says that the 10 percent target by 2015 is saving money for energy customers, largely because the price of future advanced coal generation is greater than the current subsidized price of green power.
While both coal and gas play important roles in our energy future, and there is another agenda to regulate coal-fired power plants out of existence, the claim is contrary to the well-accepted fact that the greenhouse gas impacts of burning natural gas are less than coal.
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Industry experts are expecting anything but a cut in coal demand for the foreseeable future.
While Environmental Protection Agency clean air regulations such as the Mercury and Air Toxics Standard (MATS) can explain some of the future expected displacement of coal by natural gas, shale gas economics is a significant reason for the displacement.
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Additionally, the market-driven decline in coal is expected to continue into the future.
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Wittbecker said India is in talks to develop more solar energy and is also looking at more hydropower and nuclear power, but by and large India is still dependent on coal and will be for the foreseeable future.
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While the headlines are filled with talk of solar, wind and ethanol, the oil and gas industry is quietly gambling billions of dollars that natural gas and its controversial liquefied counterpart will replace oil and coal in the energy economy of the future.
There is an awareness that coal is an industry with more past than future.
If you believe as I do that industrial production remains strong for the foreseeable future you want to overweight met coal plays like Peabody and Arch.
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Several lawmakers seemed convinced, describing natural gas as "a precious resource, " a bridge to a renewable energy future--and a replacement for coal.
He thinks the coal industry is more about money than America's future.
Not so long ago, Mr. Gore was among the many environmentalists who deemed natural gas the fossil fuel of the future because it emits considerably less CO2 than coal or oil.
The future of a technology that converts dirty cheap coal into clean natural gas for transportation fuel was underscored last night by a Chinese investment in Synthesis Energy Systems(SYMX, NASDAQ), a small Houston company that holds a valuable license for this transforming technology.
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Flexon also thinks there could be a future in building plants that turn natural gas or coal into diesel or gasoline.
Further its over-dependence on a limited group of customers for coal royalty and natural gas midstream revenue remain potential headwinds to future earnings.
During his time at Unicom predecessor Commonwealth Edison, Rowe changed the course of the company's future to focus on nuclear power instead of dirtier coal and oil-fired plants. (See "Exelon's Carbon Advantage").
But for the foreseeable future the country will depend on ships laden with foreign coal.
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Any future energy plan that leaves out nuclear power and clean coal will fail to get us to 28 trillion watts by 2050.
If we can develop the technology to capture the carbon pollution released by coal, it can create jobs and provide energy well into the future.
The study identified future potential electric generation capacity of 158 gigawatts for advanced coal, 78 gigawatts for water and dry-cooled concentrated solar energy and 515 gigawatts for large nuclear reactor plants.
Gov. David Dewhurst said the problem appeared be inadequate winterization and that the trouble centered on two new coal-fired plants owned by Luminant ( a subsidiary of Energy Future Holdings, formerly TXU) which suffered a broken pipe and a frozen pipe.
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