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CanadianValue
CanadianValue
Articles (4624) 

Energy Guru Boone Pickens – Wind and Coal Power Can’t Compete with $3 Natural Gas

July 12, 2012 | About:

Comments from Boone:

- Pickens is all-American and coal is going to have to be a part of the American energy supply.

- Natural gas is cheap, but that won’t last forever.

- Wind power will not work with natural gas below $6/mmbtu.

- At $6 natural gas, both coal and wind work fine.

- Natural gas should be a transportation fuel, and that is happening.

- He is not currently buying coal producers because he thinks the time will come when natural gas moves up.



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 4.0/5 (1 vote)

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