‘Bearish Fundamentals’ Diminish Hopes for U.S. Coal-Export Renaissance

first_img‘Bearish Fundamentals’ Diminish Hopes for U.S. Coal-Export Renaissance FacebookTwitterLinkedInEmailPrint分享SNL:The export market for U.S. thermal coal continues to gain strength but is likely only a temporary boost given the bearish long-term fundamentals for domestic consumption, several speakers at an industry event said Dec. 5.Emily Medine, a principal with Energy Ventures Analysis, said at the American Coal Council’s annual Coal Trading Conference in New York that the thermal coal sector remains “challenged.”Medine cited a surplus of natural gas, lack of growth in power demand, wind production tax credits, a strong U.S. dollar, continued regulatory pressure and public perception against coal.The export market for U.S. thermal coal continues to gain strength but is likely only a temporary boost given the bearish long-term fundamentals for domestic consumption, several speakers at an industry event said Dec. 5.Emily Medine, a principal with Energy Ventures Analysis, said at the American Coal Council’s annual Coal Trading Conference in New York that the thermal coal sector remains “challenged.”Medine cited a surplus of natural gas, lack of growth in power demand, wind production tax credits, a strong U.S. dollar, continued regulatory pressure and public perception against coal.Paul Bailey, president and CEO of the American Coalition for Clean Coal Electricity, highlighted declining load growth as among the many challenges facing the thermal coal sector.“In the old days, the pie got larger and everyone’s piece got larger, but the pie is not getting larger, so load growth is really having a profound effect on the coal fleet,” Bailey said.More: ($) Bearish fundamentals dim long-term prospects for coal, industry players saylast_img read more

Dripps, Murty, Swanson top thrilling three-wide finishes at Benton County Speedway

first_imgVINTON, Iowa (July 5) – Fans were seeing triple Sunday night at Benton County Speedway as three divisions came down to three-wide finishes in exciting action on the quarter-mile.In the Xtreme Motor Sports IMCA Modifieds, David Brown led throughout the 20-lap feature while Corey Dripps gave chase.Brown was dialed in on the preferred high groove while Dripps pestered him from the low side. Meanwhile, Zach Less was working through traffic and into contention following a lap five miscue that sent him to the tail of the field.Following a caution on the 18th circuit, Brown led the field back to green while Dripps and Less pressured from the low side. The three approached the checkers three-wide with Dripps inching ahead to steal his first win of the season.Brown was scored second ahead of Less.After being mired in traffic throughout the first half of the 16-lap IMCA Sunoco Stock Car main event, Damon Murty made his way into the top four just prior to the midway point.While Murty raced through the pack, Erick Knutsen paced the field with Jared Daggett in pursuit. Murty reeled in the leaders with two laps to go and then shot between the two exiting four on the final lap.Murty surged ahead at the stripe to take the win by a bumper for his sixth win of the season. Knutsen and Daggett completed the top three.Zach Swanson rounded out the trio of three-wide winners as he scored the first win of his career in the IMCA Sunoco Hobby Stock feature.Swanson led throughout the 15-lapper, however a pair of cautions midway through the event kept the field bunched together. That allowed Leah Wroten and Justin Wacha to race into contention.Wroten and Wacha worked the low side of Swanson exiting turn four on the final lap, however Swanson proved too strong on the top side to hold on for victory ahead of Wroten. Wacha ran third.Tony Olson’s dominance continued in the Karl Chevrolet Northern SportMod division. Olson raced to his fifth straight local win and his 14th overall this season in that 16-lapper.Dave Schulze and Danny Dvorak split time out front before fifth row starting Olson made his way into the lead on lap seven. He pulled away to score the win ahead of Dvorak and Curt Hilmer.last_img read more