The Decline Of The Coal Industry Is "Long-Term" And "Irreversible"

Submitted by Nick Cunningham via OilPrice.com,

Demand for thermal coal is declining, a trend that appears to be “irreversible.”

That is the conclusion from Goldman Sachs, which published a new report on the global coal and gas trade on February 15, and reported on by SNL. For coal producers, this is the latest in a long line of grim warnings, all of which point to a future of shuttered power plants, mine closures, and bankruptcies.

Crude Extends Losses As Saudi Minister Says "Will Not Cut Oil Production" To Support Prices

Crude Extends Losses As Saudi Minister Says "Will Not Cut Oil Production" To Support Prices

While there was never any expectation of a production "cut" from Saudi Arabia, hope still remained that "discussions of a 'freeze'" could be extrapolated to an 'in-the-end' cut down the line... That is over...

AFP has just reported that...

NBC Says Cruz In GOP Lead 48 Hours After Saying Trump Up By 20 Points

NBC Says Cruz In GOP Lead 48 Hours After Saying Trump Up By 20 Points

In the simplest possible terms, NBC seems to be suffering from a rather acute bout of schizophrenia when it comes to assessing the race for the GOP nomination.

If was just 2 days ago that NBC, in conjunction with Survey Monkey, released the results of a national poll which showed that Donald Trump was a 20 point national favorite among registered Republicans going into the South Carolina primary.

The same poll showed Trump holding a commanding 9 point lead in the race to secure the white evangelical vote.

Oil Plunges After DOE Reports Across-The-Board Inventory Builds

Oil Plunges After DOE Reports Across-The-Board Inventory Builds

The exuberance following last night's surprising inventory draw from API has been erased as DOE reports inventory builds across the entire energy complex - crude +2.15mm, distillates +1.4mm, gasoline +3.04mm, and Cushing +36k. WTI Crude has dropped back below $31, erasing API-driven overnight gains.

API reported:

  • Crude down 3.3 million
  • Gasoline up 750,000
  • Distillate down 2 million
  • Cushing: up 175,000

But DOE reports:

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