More on the future of Coal......perhaps there will be a turn around as I expected....the work is being done to make it more environmentally safe...and technologies are advancing towards that goal. so long term the very low prices of Coal Companies now may be a long term opportunity for Investors. Also with the advance in NanoTech Coal/Carbon has a very great future in the creation of new products...So don't think all is bleak for Coal .....I might be wrong but still these thoughts may be correct in predicting and upswing in Coal Stock Values in the future.

[Biophilos]

More on the future of Coal......perhaps there will be a turn around as I expected....the work is being done to make it more environmentally safe...and technologies are advancing towards that goal. so long term the very low prices of Coal Companies now may be a long term opportunity for Investors. Also with the advance in NanoTech Coal/Carbon has a very great future in the creation of new products...So don't think all is bleak for Coal .....I might be wrong but still these thoughts may be correct in predicting and upswing Coal Stock Values in the future.
My Son is and has been invested in ACI now for two years and is still holding on despite his very severe loses. I believe He might as well hold on longer. Once Obama is gone there is a chance there will be a breather for the Coal Companies.
Since 70% of China's Energy needs and still 40% of the U.S is still in Coal
and the fact that Fracking is ruining a vital necessity for humanity , that being the Water Tables the new tech being worked on my reverse the downslide of Coal's Value..after all it is a very abundant energy source, especially here in the U.S.
If the share prices of some of the major Coal Companies goes any lower , I may invest long term in a few of them.....maybe not we shall see. But just like Ford back in 2008 which went down to 1.06 a share was a steal , so to now the Coal Companies are reaching the same level of over sold and undervalued. So it seems at least to me.
B:/

Carbon Capture and Storage FutureGen 2.0 Project Moves Forward Into Second Phase

February 4, 2013 - 7:25pm

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WASHINGTON – Following the successful completion of the first phase, the Energy Department today announced the beginning of Phase II of project development with a new cooperative agreement between the FutureGen Industrial Alliance and the Department of Energy for an innovative carbon capture and storage (CCS) project in Illinois.

"The Department of Energy is committed to the demonstration of carbon capture and storage technologies. We believe FutureGen 2.0 is an important step in making economic, commercial scale CCS a reality,” said U.S. Energy Secretary Steven Chu. “The project is important part of a portfolio of approaches we are pursuing to reduce carbon emissions from existing coal-fired power plants and perhaps other large, localized CO2 emitters.”

“Today’s announcement from the Department of Energy that the FutureGen project is moving forward with Phase II shows a strong commitment from the Obama Administration to create jobs and demonstrate the future of low-carbon-emission coal power right here in central Illinois,” said U.S. Senator Dick Durbin.  “I thank Governor Quinn and all of the Illinois and industry stakeholders for their continued leadership on this issue. I join them in remaining committed to making FutureGen a reality, and to putting Illinois and the United States at the forefront of cutting-edge technology to improve the environment and create good-paying jobs.”

“We have shown time and again that FutureGen is welcome, and the project will succeed in Illinois,” said Illinois Governor Pat Quinn. “We look forward to working with all of the project partners to see that FutureGen 2.0 will move forward, and that the reality of this first-of-its-kind project will be realized in Illinois.”

In cooperation with the FutureGen project partners, the Department of Energy is investing in the upgrade of a coal-fired power plant in Meredosia, Ill. with oxy-combustion technology to capture more than 1 million tons of CO2 each year­more than 90 percent of the plant’s carbon emissions. Other emissions will also be reduced to near-zero levels. Instead of capturing CO2 in the presence of a large amount of nitrogen, the oxy-combustion approach extracts the oxygen from air before combustion, greatly reducing the cost of carbon capture at the exhaust stack. This project will test oxygen separation technology and exhaust processing technology after combustion at power plant scales. Using proven pipeline technology, the CO2 will then be safely transported and securely stored underground at a nearby storage site. This groundbreaking project will help pave the way for other cleaner and more sustainable advanced coal-burning power plants.

The completion of the FutureGen 2.0 project’s first phase included important technical and financial milestones like the identification of a sequestration site in Morgan County, preliminary characterization and test drilling, and a commitment from the Illinois Commerce Commission to cover the FutureGen 2.0 project’s output under its power purchasing plans. The cooperative agreement announced today with the FutureGen Industrial Alliance will build on these successes to begin preliminary design, pre-construction and engineering for the retrofitted, near-zero emission coal-fired power plant.

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[Biophilos]

More on the future of Coal......perhaps there will be a turn around as I expected....the work is being done to make it more environmentally safe...and technologies are advancing towards that goal. so long term the very low prices of Coal Companies now may be a long term opportunity for Investors. Also with the advance in NanoTech Coal/Carbon has a very great future in the creation of new products...So don't think all is bleak for Coal .....I might be wrong but still these thoughts may be correct in predicting and upswing Coal Stock Values in the future.
My Son is and has been invested in ACI now for two years and is still holding on despite his very severe loses. I believe He might as well hold on longer. Once Obama is gone there is a chance there will be a breather for the Coal Companies.
Since 70% of China's Energy needs and still 40% of the U.S is still in Coal
and the fact that Fracking is ruining a vital necessity for humanity , that being the Water Tables the new tech being worked on my reverse the downslide of Coal's Value..after all it is a very abundant energy source, especially here in the U.S.
If the share prices of some of the major Coal Companies goes any lower , I may invest long term in a few of them.....maybe not we shall see. But just like Ford back in 2008 which went down to 1.06 a share was a steal , so to now the Coal Companies are reaching the same level of over sold and undervalued. So it seems at least to me.
B:/

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http://energy.gov/articles/carbon-capture-and-storage-futuregen-20-project-moves-forward-second-phase