Coal mine worth $624M in 2012 just sold for a dollar

[squirrel dog]

cutting wood blows .

 

[DrPizza]

cutting wood blows .

I see ya'll are from Louisianna. Up north, a lot of us enjoy a good workout cutting and splitting wood. I find it very cathartic to cut and split a cord of firewood.

 

[soulcougher73]

I would have at least given 100% more money at $2. Chumps lost out big time.

 

[RampantAndroid]

Came in looking for Dr. Strangelove reference, didn't find it. Fail.

Also, I've never cut wood. I feel like I'm missing out.

 

[NetWareHead]

Thanks for that info. I'll have to look into buying a coal stove to replace the wood one if it's not dual fuel. Coal sounds like the bomb, although crackling wood is kind of cool as well. Will miss that.

I still love burning wood for ambiance in a firepit or fireplace. Plus splitting it is therapy You will still need regular chimney cleanings, but for different reasons; when burning anthracite you clean the accumulated airborne fly ash that eventually clogs the chimney. Ant coal makes more stove ash than given volume of wood. Get some carbon monoxide detectors. Research what kind of stove you want; hand fed that does not need electricity (burns lump sized coal) or stoker stove that needs electricity to feed rice sized coal from hopper continuously. Ant coal is harder to light off than wood and you need patience to learn the process. Lastly, research coal sources in your area and if they deliver. Good coal burning forum with plenty of tips and lots of helpful members is www.nepacrossroads.com

 

[feralkid]

nm

 

[MarkXIX]

What's the catch? Millions in environmental cleanup? I'd buy a coal mine for a few bucks. It would pay for itself the first winter. I'd mine old school; with a pick and shovel.

I'd employ Derek Zoolander in my mine just for laughs.

cutting wood blows .

This is blasphemy! Cutting wood (wood in general ) is the manliest of manly things. Oh, and the thread linked below is bullshit...

http://forums.anandtech.com/showthread.php?t=2441483

 

[BurnItDwn]

What's the catch? Millions in environmental cleanup? I'd buy a coal mine for a few bucks. It would pay for itself the first winter. I'd mine old school; with a pick and shovel.

I will buy you one of those ACE hardware ventilators so you dont get black lung.

 

[John Connor]

http://www.forbes.com/sites/energys...ave-more-oil-resources-than-saudi-arabia-but/

US might have more potential resources but we are far far far less likely to be able to actually get the oil out of them (for economic and simple feasibility reasons, makes total sense to divert tons of water to dry areas just to pump it into the earth and pollute it, let alone spending more money than we get out of it to do that).



You say that like it is a positive thing. Did you actually pay attention to your link?

http://www.wsj.com/articles/north-dakotas-latest-fracking-problem-1404170442


Those represent literal wasting of the resources. Tap as many wells as possible, who cares if the infrastructure to do anything with the wells is there or not. And if it's not, just light it on fire! Even from the companies' perspective it is stupid. But since so many operate on boom and bust cycles, they obviously don't give a shit because if they're out of business then it is no longer a loss to them.

They're putting infrastructure in now to capture the burn offs.

 

[Charmonium]

They're putting infrastructure in now to capture the burn offs.

I assume you're talking about LNG and CNG facilities. I did a quick google and it looks there is only one that has a green light but another is underwritten by Morgan Stanley so that might have good odds.

These are CNG facilities though. Apparently LNG will require much more investment in infrastructure.

Either way, it's going to be a while before we're exporting meaningful amounts of nat gas. But there are so many wells that are idle currently that as soon as the price starts to move back up, there will be more incentive to do that.

In the meantime, don't underestimate the amount of oil the US can produce from known reserves. With refracking, you can dip into the same wells 2 or 3 times and keep getting oil. So reserves are probably underestimated. I don't think we'll know for sure until refracking becomes more common.

Oil will eventually rebound to the point that many high cost wells will become profitable again but I think it's going to be a very long time before we see prices per barrel get back into the $70-80 range and a very, very long time before we again see $100 oil.