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I got this email one company want to lease out the coal for 2.50 a ton or 8 percent depending which ever is greater is this a fair price but then I started thinking it probably washed coal vs unwashed.
I also read that land with coal on it goes for a better price if there already a lease on it is this true and who should I contact to judge how much coal I have or oil?
I like clean transactions and would probably just sell the land. If the company mucks things up or causes environmental damage and then goes bankrupt....do you have a bond etc on them?
I'd be nervous that they'd cause a problem I'd get stuck with.
I'd personally sell it. How much longer are we going to be digging up coal and burning it in coal plants? With all these developments in renewable energy wind, solar, tidal, offshore wind, hydroelectric, geothermal it is a matter of time before these technologies will be lower to operate than coal plants. We are already seeing people investing massive amounts of capital into these wind farms, solar thermal stations etc.
The only future event that I could see driving the demand for coal up is coal to liquid form and who knows how far we are from that. I've read that it is currently cost effective to do however I see no liquid coal combustion engines and all of the automakers are focusing on smaller gasoline engines, hybrid technology, plug in hybrids, electric cars and hydrogen cars.
Also the fact that the idea of a carbon tax is being talked about gets me even more worried as far as demand for coal goes.
There are a couple of methods to convert coal to fuel gas or liquid. They were developed a hundred years ago and were displaced by natural gas pipelines in this country. I would venture a guess that coal will remain a major fuel, along with reformed Natural Gas liquids, for transportation and electrical generation. Even if we start building alternates now it will take 20 years to replace our existing base load coal plants with nuclear power because we have to rebuild the industrial capacity to make the parts.
Concerning your land, I would keep it because it is an item of value that is not subject to loss of value due to inflation. Unlike currency.
I'd personally sell it. How much longer are we going to be digging up coal and burning it in coal plants? With all these developments in renewable energy wind, solar, tidal, offshore wind, hydroelectric, geothermal it is a matter of time before these technologies will be lower to operate than coal plants. We are already seeing people investing massive amounts of capital into these wind farms, solar thermal stations etc.
The only future event that I could see driving the demand for coal up is coal to liquid form and who knows how far we are from that. I've read that it is currently cost effective to do however I see no liquid coal combustion engines and all of the automakers are focusing on smaller gasoline engines, hybrid technology, plug in hybrids, electric cars and hydrogen cars.
Also the fact that the idea of a carbon tax is being talked about gets me even more worried as far as demand for coal goes.
I wouldn't worry about that IMHO no one on this list will be alive to see thew end of coal usage in some form or the other and don't hold breath on the carbon tax thing not unless your ready to see a 25 to 50 bump in your electric bill............
There are a couple of methods to convert coal to fuel gas or liquid. They were developed a hundred years ago and were displaced by natural gas pipelines in this country. I would venture a guess that coal will remain a major fuel, along with reformed Natural Gas liquids, for transportation and electrical generation. Even if we start building alternates now it will take 20 years to replace our existing base load coal plants with nuclear power because we have to rebuild the industrial capacity to make the parts.
Concerning your land, I would keep it because it is an item of value that is not subject to loss of value due to inflation. Unlike currency.
Yes but what he is concerned about is the demand for coal going up. That is what makes his coal worth more. Also he could always sell the land and just buy land with other resources somewhere else.
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