tag:blogger.com,1999:blog-502356674750161309.post319989383152406373..comments2009-06-15T20:41:10.495-07:00Eric deCarbonnelhttp://www.blogger.com/profile/08023745289801416061noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-502356674750161309.post-47049627933154263522009-06-15T20:41:10.495-07:002009-06-15T20:41:10.495-07:00Coal is by far the cheapest fossil fuel when measured in Dollars per BTU (not the ticker symbol of Peabody, but the abbreviation for British Thermal Unit).<br /><br />The argument against coal stocks is that coal companies produce already at capacity with little prospect for increasing production. Secondly, there is the growing awareness that burning coal is the dirtiest method for generating electricity. Obama has threatened to introduce special taxes in order to make burning coal uncompetitive in comparison to other forms of generating electricity. <br /><br />The future of coal depends very much on whether carbon sequestration turns out to be a viable technology. Right now, natural gas seems to have an edge over coal. <br /><br />I hold a small position in BTU (Peabody) and PCX, but I am hesitant to add to these positions.Anonymousnoreply@blogger.com