Coal
Fuel
Buffett bets on coal and the economyBuffett bets on coal and the economy Berkshire Hathaway Inc.'s $44 billion deal to buy Burlington Northern Santa Fe Corp. is basically a huge bet on coal, a fuel that powers Warren Buffett's power plants at his MidAmerican Energy utility and... In this article: Coal, Warren Buffett, Burlington Northern Santa Fe Corp., United States, Revenue, Carbon, MidAmerican Energy, National Energy Technology Laboratory, and Evercore Partners |
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Miami Herald - Breaking News | November 13, 2009
Arch signs deal for southeast Montana coal tracts
Arch signs deal for southeast Montana coal tracts Buffett's big bet: $34B on 2nd-largest railroad The biggest name in investing is making what he calls an "all-in wager" on the U.S. economy - $34 billion to own a railroad that hauls...
In this article: Arch Coal, Montana, Brian Schweitzer, BNSF, Otter Creek, Burlington Northern Santa Fe Corp., Warren Buffett, Berkshire Hathaway, and North Dakota
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NPR | November 13, 2009
Buffett's Rail Buy Seen As Bet On Coal, Economy
...predict it could kill the coal industry. But Anthony Hatch, an independent railroad analyst, says Buffett's investment may signal that he is more optimistic about coal's prospects. Train Transport "Warren Buffett does his due...
In this article: Warren Buffett, Burlington Northern Santa Fe Corp., The Rail Network, Chain store, and UCLA
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washingtonpost.com | November 03, 2009
Instant analysis: Why Buffett spent $34 billion to buy a railroad
...Northern lines are major supply lines for coal traffic. UPDATE: That's another element of this purchase: In a very direct way, Buffett is almost betting on energy stocks and coal. Railroads make a great profit from hauling coal and Buffett...
In this article: Warren Buffett, Berkshire Hathaway, U.S., China, CNBC, Chewing gum, and E mail
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Forbes.com Business News | 4 days ago
Coal Isn't Dead--By a Long Shot
...the Powder River Basin. A good return for Berkshire's Burlington buy requires healthy coal demand. Buffett is either betting that cap-and-trade doesn't pass, or that if it does, new technology for burning coal will keep those trains rolling.
In this article: Warren Buffett, Massey Energy, Arch Coal, Burlington Northern Santa Fe, Carbon, Carbon dioxide, Department of the Interior, and Peabody Energy
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www.sourcewatch.org
Warren Buffett - SourceWatch
Warren Buffett and coal ... Education of Warren Buffett: Why did the guru cancel six coal plants?" Ted Nace, ... Warren Buffett-, Business Week, accessed ...
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en.wikipedia.org
Warren Buffett - Wikipedia
Biography and timeline of Warren Buffett, nicknamed the Oracle of Omaha. ... Education of Warren Buffett: Why did the guru cancel six coal plants?" Ted Nace, ...
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www.cnbc.com
Mad Money: Warren Buffett's Favorite Coal Stock? - Mad Cap ...
Well, maybe. But here's why Cramer likes it. ... Warren Buffett's Favorite Coal Stock? Published: Monday, 16 Nov 2009 | 9:34 PM ET ...
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www.dailyfinance.com
Warren Buffett's big railroad buy is also a huge bet on coal ...
Warren Buffett's big railroad buy is also a huge bet on ... Warren Buffett, coal ... Buffett needs to put his considerable influence behind an effort to clean ...
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www.grist.org
Why did the guru cancel six coal plants? | Grist
One of the biggest climate stories of 2007 never made it to the business pages. It's about how Warren Buffett, with no fanfare, quietly walked away from coal, ...
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More on Coal
Description from Wikipedia:
Coal is a readily combustible black or brownish-black sedimentary rock. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure. It is composed primarily of carbon along with variable quantities of other elements, chiefly sulfur, hydrogen, oxygen and nitrogen.
Coal was formed from plant remains that were protected by water and mud against oxidization and biodegradation, thus trapping atmospheric carbon in the ground. Over time, the chemical and physical properties of the remains were changed by geological action to create a solid material.
Coal, a fossil fuel, is the largest source of energy for the generation of electricity worldwide, as well as one of the largest worldwide source of carbon dioxide emissions. Gross carbon dioxide emissions from coal usage are slightly more than those from petroleum and about double the amount from natural gas. Coal is extracted from the ground by mining, either underground or in open pits.
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