Stop making sense.
"coal generated electricity is at it's lowest levels in 15 years, and natural gas generated electricity is at it's highest levels of all time...the capacity to switch from gas back to coal is the largest in American history."
So.
What has that got to do with the price of wheat? My argument is that the full cost of shale gas is much higher and other major uses of natgas will ramp in the years ahead - and you keep talking about coal and coal price - that is the source of present natgas demand - I don't care about the present.
What you don't seem to get - with all the publicity about our new production - is that this is not a Renaissance - it is a retirement party.
Oils sands and shale, natgas shale, oil two miles deep in the ocean --- all expensive, all energy intensive, sometimes dirty and sometimes tragic.
I have invested in a relatively clean source energy that is extremely cheap on an energy content basis...in the face of a burgeoning world consuming class. I am happy with that bet.
