‘The Prospects for Coal Exports Are Dimming, but Politics Have Little to Do with it’

first_img FacebookTwitterLinkedInEmailPrint分享Benjamin Storrow for the Casper Star Tribune: Political flaps over coal exports get the headlines. But a deteriorating market poses a greater threat to American mining firms’ dreams of establishing a beachhead in Asia.Exports were widely viewed as a lifeline for the United States’ contracting coal industry as recently as 2014. Some analysts predicted mines in the western U.S. could annually ship up to 200 million tons to Asia, or roughly half of what Wyoming’s mines produced at their peak in 2012.Slowing economic growth, a worldwide glut of coal and high shipping costs have clouded the picture since, leaving Indonesia and Australia better positioned to compete in Asia’s contracting import market.“It doesn’t look as promising as it did in the past,” said Andy Roberts, an international coal analyst at the consulting firm Wood Mackenzie. It was Roberts who made the prediction in 2014 that mines in the western U.S. could ship up to 200 million tons annually.“At one time, PRB (coal) could be sold into Asia for a price 20 times above its cost and still compete with Indonesia,” he said. “In other words, plenty of room to make a profit. Today, to make that same sale you would have to make a sale at 12 times below costs.”Wood Mackenzie no longer assumes a series of coal export terminals proposed in the Pacific Northwest will be built.The shift reflects the sea change in global coal markets. American thermal exports, always a sliver of domestic production, are down 40 percent since their peak in 2012, and the U.S. Energy Information Administration expects them to decline by another 20 percent in 2016.The upheaval in the economic landscape comes as proposed terminals in the Pacific Northwest find themselves facing mounting political hurdles. The U.S. Army Corps. of Engineers last week rejected the Gateway Pacific Terminal in Bellingham, Washington, citing tribal fishing rights. SSA Marine, the project developer, is mulling an appeal.,,,The greatest factor behind the increasingly gloomy outlook for coal exports, though, is China. The world’s second-largest economy has driven global coal demand in recent decades.Chinese annual coal consumption grew at an average rate of 9 percent between between 2003 and 2011, according to the U.S. Energy Information Information Administration. That rate is expected to slow to .3 percent between now and 2040.The slowdown in Chinese coal consumption is due to several factors. Economic growth has slowed and the need for imports along the coast waned. Beijing recently announced plans to halt construction of 200 gigawatts of new coal power, enough to supply Great Britain, in attempts to battle air pollution. And, most important, China’s economy is undergoing structural changes, moving away from energy-intensive heavy industries and toward a consumer-based economy.“There is no basis for the argument that a robust global coal market will exist in the next 10 years, 15 years, 25 years,” said Tom Sanzillo, director of finance at the Institute for Energy Economics and Financial Analysis, a think tank that has argued for a shift from coal.Full article: http://trib.com/business/energy/the-prospects-for-coal-exports-are-dimming-but-politics-have/article_f59da9b2-f454-588c-99dc-315c6fcc2609.html ‘The Prospects for Coal Exports Are Dimming, but Politics Have Little to Do with it’last_img read more

State of Long Island Healthcare Discussed

first_img 12► Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Hundreds of people attended the State of Long Island Healthcare panel discussion hosted by The American Diversity Forum. The event was held at the Milleridge Inn in Jericho on April 27. Photos by Corazone Aguirre. [Show slideshow]last_img

Blue Jays forced to remove pitcher who wasn’t on umpires’ lineup card

first_img#BlueJays manager Charlie Montoyo says he’s not sure how Jacob Waguespack wasn’t on umps’ lineup cards. “It was on all our cards.” Lineups submitted digitally. “For some reason, the ones they had, (Waguespack) wasn’t on it.”— Shi Davidi (@ShiDavidi) August 7, 2020But that fact shouldn’t have necessarily disqualified Waguespack. MLB Rule 4.03(c) states, in part, that:As a courtesy, potential substitute players should also be listed, but the failure to list a potential substitute player shall not make such potential substitute player ineligible to enter the game.Porter and Foster had not commented on the mixup as of late Thursday.Dolis worked a scoreless sixth, but the Blue Jays ultimately lost 4-3 on a Nick Markakis walk-off home run. The Blue Jays just sent out Jacob Waguespack to pitch even though he’s not on their 28-man roster. pic.twitter.com/emMgM2ioxA— handlit33 (@handlit33) August 7, 2020Rafael Dolis came on for Waguespack, whose name was not added to the official box score.BLUE JAYS 2020 SCHEDULE: Dates, game times, resultsThe confusion may have stemmed from the Jays’ yo-yo transactions involving Waguespack. The team announced about an hour before the game that it had recalled him from its taxi squad to replace injured pitcher Trent Thornton.ROSTER MOVE:RHP Trent Thornton (right elbow inflammation) has been placed on the 10-day IL.RHP Jacob Waguespack has been recalled from the Taxi Squad and will be active for tonight’s game. pic.twitter.com/qvXKqhFugf— Toronto Blue Jays (@BlueJays) August 6, 2020That move was made about six hours after the Jays transferred Waguespack to the taxi squad to help reduce Toronto’s roster from 30 players to 28 players by Thursday’s cutdown deadline.ROSTER MOVES:INF Santiago Espinal and RHP Jacob Waguespack have been optioned to our alternate training site and added to the Taxi Squad. pic.twitter.com/VnplfK2Oyi— Toronto Blue Jays (@BlueJays) August 6, 2020Blue Jays manager Charlie Montoyo told reporters after the game that he knew Waguespack was on the roster but the umps somehow got an incorrect lineup card. A clerical error compounded by a possible umpiring error cost Jacob Waguespack an opportunity to pitch for the Blue Jays on Thursday night.The right-hander was on Toronto’s 28-man roster for its game against the Braves in Atlanta, but he wasn’t listed on the lineup card that was transmitted to the umpires beforehand. When the Jays called upon him to relieve starter Nate Pearson in the sixth inning, home plate umpire Alan Porter, who had the lineup card in his possession, consulted with third base umpire Marty Foster. The two eventually told the Jays that Waguespack had to leave the game.last_img read more