---
title: "More Coal"
url: https://independentstockanalysis.com/more-coal-2/
description: "Continue to watch natural gas. “US Lower 48 production at 72.39 Bcf/d essentially unchanged in May from 72.38 Bcf/d output in April” ( EIA ). The worm…"
published: 2012-07-31
updated: 2012-07-31
---

# More Coal

Published 2012-07-31

Posted on

by

J.J. Butler

Continue to watch natural gas. “US Lower 48 production at 72.39 Bcf/d essentially unchanged in May from 72.38 Bcf/d output in April” ([EIA](http://www.eia.gov/oil_gas/natural_gas/data_publications/eia914/eia914.html)). The worm will turn, but have much patience.

In the hot 2010 summer about 12% of total U.S. electricity consumption was used for cooling. [EIA](http://www.eia.gov/tools/faqs/faq.cfm?id=98&t=3)

Projected retirements of coal-fired power plants at the [EIA](http://www.eia.gov/todayinenergy/detail.cfm?id=7330). Fuel used in electricity generation is projected to shift over the next 25 years also at the [EIA](http://www.eia.gov/todayinenergy/detail.cfm?id=7310).

U.S. coal exports put in context: [Investor Village](http://www.investorvillage.com/smbd.asp?mb=5028&mn=25796&pt=msg&mid=11959902).

European coal gets a lift on the Colombian rail strike: [Platts](http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Coal/8579022). Meanwhile, China Thermal Coal at Lowest Price Since 2009; Demand Drops at [Bloomberg](http://www.bloomberg.com/news/2012-07-30/china-thermal-coal-at-lowest-price-since-2009-demand-drops-1-.html).

NYMEX Coal Futures Near-Month Contract Final Settlement Price 2012 at the [EIA](http://www.eia.gov/coal/nymex/).

Peabody Energy (BTU) is not the way to play a resurgent U.S. coal market. I wrote Peabody Energy’s Australian Headwinds at [SA](http://seekingalpha.com/article/762411-peabody-energy-s-australian-headwinds).

Arch Coal chart at [Trading View](https://www.tradingview.com/x/qmBO5Mwl/). I believe the spark to Arch’s huge two day rally was the vague “company may sell off some assets” suggestion. [Trib Town](http://www.tribtown.com/view/story/91b22a07c2e34b3da3648818819f9f8c/US--Earns-Arch-Coal?utm_source=digest-en-mining-120727&utm_medium=email&utm_campaign=digest)