EIA: U.S. coal production expected to fall by 72 million tons in 2019

December 31, 2020 0 Comments

first_imgEIA: U.S. coal production expected to fall by 72 million tons in 2019 FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):The federal government’s short-term outlook on energy once again trimmed expectations for future coal production from the U.S.U.S. coal production decreased by about 19 million tons, or 2%, to 756 million tons in 2018 compared to the prior year, the U.S. Energy Information Administration wrote in its April short-term energy outlook. Coal production is forecast to continue to fall as domestic consumption and export demand are expected to decline through 2020.More than 7 GW of coal-fired generation is expected to retire by the end of 2020, contributing to a wave of recent retirements as electricity generators transition to other fuels. Coal production is expected to decline 9% to 684 million tons in 2019 before falling another 6% to 640 million tons in 2020. The forecast numbers are already significantly lower than the EIA’s March forecast when the outlook suggested coal production would fall to 695 million tons in 2019 before declining to 664 million tons in 2020.About 10% of U.S. coal-fired generation will be retired between 2018 and 2023, Moody’s Investors Service wrote in a January note to investors, adding that recent policy actions are not enough to reverse that trend.“Export opportunities for U.S. coal producers support free cash flow generation at least through 2019, but will diminish in the medium term,” the Moody’s note said. “U.S. coal producers’ export economics depend on relatively high pricing and would be much less profitable in an environment of lower prices, since they are far from their export markets.”The EIA forecast that exports of metallurgical and steam coal will decline in 2019 and 2020.More ($): EIA’s monthly energy outlook trims near-term coal production forecast againlast_img read more

The audit points to Barça: the rate was out of the market and the invoices were cut up

May 14, 2020 0 Comments

first_imgDespite the fact that the audit that Barcelona commissioned Price Waterhouse Cooper (PWC) to investigate the collection and financing of the company I3 Ventures and its relationship with the false accounts that were used to attack players of the current squad has not yet been completed and critical environment to the meeting, the Sport newspaper has had access to the first conclusions where the Blaugrana club does not come out exactly well.For starters, the audit recognizes that the cost paid by the club for the work of I3 Ventures is clearly “out of the market”: they consider that the average price would be between 120,000 to 150,000 euros, well below the 980,000 euros paid.Likewise, PWC dedicates a section to question the “prestige” of the company hired by Barcelona to monitor social networks. And it is even more remarkable that its headquarters are in Uruguay, when there are Spanish companies with greater prestige and capacity to run this company. The audit shows that the invoice was cut into “five parts” to avoid passing the control of the Awards Committee of the club -bills below 200,000 euros do not need to go through this control body-, a fact that was denounced publicly by Vice President Emili Rousaud to explain the reason for his resignation, in addition to reporting that someone had “reached into the box”.And finally, PWC points out that the contracts signed by Barcelona with this company came from five different companies, all of them linked to I3 Ventures, the objective of diverting attention being clearly evident with installment payments and to different clients.Thus, it seems evident that President Josep Maria Bartomeu will accumulate work during these days of confinement. And not only because it will have to include a director to the board after the block march with six members of the board, but it will also have to fulfill its promises to clear responsibilities, once the audit recognizes a series of denounceable facts and little ethical.last_img read more