UNG/URRE News

I don't know if you recall Bernie testifying before congress and a congressman asking him his thoughts on the benefits of Natural Gas, but I thought it was a question that was an obvious plant given how many financial firms would have been watching, it was like a plug for Nat Gas during the Superbowl of economics.

Now there's breaking news that the EPA is going to issue new carbon emissions guidelines, the Washington Post summed it up like this,

'The rule, in short, is this: Any new plant built in the United States will now have to emit no more than1,000 pounds of carbon-dioxide per megawatt-hour. The vast majority of modern natural-gas plants meet that standard, so they should be fine. Conventional coal plants, however, average around 1,800 pounds per megawatt-hour. They’re not so fine.

This effectively means it will be impossible to build any new coal-fired power plant in the United States that can’t capture and sequester its own carbon emissions. Right now, there are two carbon-capture projects in development, out in West Virginia and in Texas, but the technology is still costly and unproven. For the time being, then, this is a moratorium on all new coal plants."