Once Bullish, Now a Bear

first_img FacebookTwitterLinkedInEmailPrint分享Lynda V. Mapes and Hal Bernton for the Seattle Times:Asian coal markets are so weak that two export terminals proposed for Washington once considered vital are now irrelevant, according to an industry analyst who typically has offered some of the industry’s most bullish forecasts.The Feb. 10 report was written by Andy Roberts, an analyst at Wood Mackenzie, who less than three years ago was boosting the long-term prospects of the Gateway Project proposed at Cherry Point in Whatcom County and the Millennium bulk terminal in Longview, Cowlitz County.But rapid changes in coal’s fortunes show what a miscalculation the investment in the ports was, Roberts wrote.In addition to stiff opposition from tribal nations and community and conservation groups, the economic wind has fallen out of the projects’ sails. Asian demand has weakened to the point that coal from the Powder River Basin won’t be competitive in the market until well after 2020, Roberts wrote.Railroad carload traffic in coal is also through the floor, with no pickup in sight, according to statistics from the Association of American Railroads, in more evidence of the big coal fade.Meanwhile as Roberts reports, non-coal alternatives are gaining traction, supported by policy and regulation. “Building new Pacific Northwest coal ports, once seen as essential, is now viewed as nothing more than a risky long term bet,” Roberts wrote.For some, it’s a surprise to hear one of coal’s biggest bulls turned bear.“This is to me a shocking reversal,” said Clark Williams-Derry, senior researcher at the Sightline Institute, a Seattle think tank. “They have consistently been the coal industry’s darlings precisely because they are always so optimistic and so bullish on coal prices.”Cloud Peak, a western coal producer that has a stake in the Cherry Point project, has been cutting back shipments to Asia through an export terminal in British Columbia.The export markets have been so poor that Cloud Peak announced in October it would make undisclosed payments to get released for three years from contractual obligations to ship specified volumes of coal through the Canadian terminal.Markets in the U.S. also are receding amid new regulations in development on coal-fired power plant emissions, and the recent announcement by U.S. Dept. of Interior Secretary Sally Jewell of a moratorium on new federal coal-mining leases on public lands.Full article: With coal prices in steep slide, even once bullish analyst sees risky investment Once Bullish, Now a Bear
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USC study links pollution and Type 2 diabetes

first_imgA new study led by USC researchers concluded that living in polluted areas increases the risk of developing Type 2 diabetes for overweight Latino children in urban Los Angeles.Researchers studied over 300 children for an average of 3.4 years, none of whom had Type 1 or Type 2 diabetes prior to the study. The children had annual physicals at USC or at the Los Angeles County hospital, where scientists measured their glucose and insulin levels.None of the children developed type 2 diabetes after the study concluded. However, once subjects turned 18, they had higher blood insulin levels and many were marked as pre-diabetic.According to the study, which was published last week in the journal Diabetes, socioeconomic status was also measured for participants. The scientists examined parents’ occupations and ranked their levels of education.The study noted that the results may only be applicable to the specific group they studied — overweight Latino children from lower socioeconomic backgrounds. In the future, researchers plan to broaden the study to participants who are not overweight.Previous USC researchers have also found a link between air pollution and lung cancer survival time, cognitive impairment for the elderly and dementia in older women.last_img read more

Usain Bolt confirms Zurich Diamond League date

first_imgSprint legend Usain Bolt will compete at the Diamond League meeting in Zurich in August, the Jamaican athlete confirmed on Monday.“I am excited to go back to Zurich. I love the electric atmosphere at the stadium and both the competition and the events during the week of the meeting are always extremely well-organised,” he said in a statement on the International Association of Athletics Federations (IAAF) website.The fastest man on the planet and defending 100m and 200m champion from the Beijing and London Olympics said he will decide whether to run the longer or shorter sprint nearer the time of the meeting on August 29.Bolt’s appearance will be his first outing after the World Athletics Championships in Moscow from August 10-18, where he will be hoping to regain the world title he lost to training partner Yohan Blake in Daegu, South Korea, in 2011.Bolt won last year’s 200m at Zurich in 19.66secs. In 2009, he won the 100m in 9.81secs and the previous year in 9.83secs. In 2007, he was second in the 200m in 20.19secs.last_img read more

The Mirandés resists falling

first_imgChangesWillian José (67 ‘, Isak), Ander Guevara (67 ‘, Aritz Elustondo), Marcos de Sousa (69 ‘, Matheus Aias), Álvaro Peña (75 ‘, Antonio Sánchez), Januzaj (76 ‘, Portu), Iñigo Vicente Elorduy (85 ‘, Álvaro Rey) The times of the game, the decisive moments, favored the San Sebastian team, which did not even remove the discomfort of have the Mirandés hanging from the hump in each of its exits from behind. There is an important coach in Iraola, he had already shown it before three other First sets in this Cup, and the Anoeta thing reinforces him even more. If he is able to turn Mirandés into an author team, what will he be able to do with more means and more resources.Real’s short circuit became even more noticeable as the game progressed. What is almost always a fluid circulation of the ball, with Odegaard wielding the flag of the good game, became a harmless caudalous cake for the Mirandés. It is true that Portu could do the 3-1 with a long time still ahead, but Lemons saved well. The bad game of the local team disconnected the stands of Anoeta, who had come to enjoy a semifinal win against a set of Second and ended up asking for the time and taking the result for good.Nor did the changes alter Imanol’s plan. The entries of Guevara and Willian José did not break down the sticky plan like a Mirandés gum. If a scout of Barça has seen the last matches of the Brazilian, it is understood rather that they are still interested in him. Turn around, the decisive Anduva party that will separate this first bland act from the grand finale of Seville. La Real won the initial battle; Mirandés has points advantage. The disadvantage did not baffle the Mirandés, Nevertheless. The red box played with the bravery of always, like a tightrope walker who does not see the abyss while riding on the rope. His high blood pressure, Iraola’s hallmark, caused fear in the Real, who wants to always leave with the ball played and has forgotten other methods. Special mention deserves Malsa, a midfielder with a marathon body, small in appearance but giant of energy. His recovery over Odegaard in the goal of the tie was the confirmation that he was there to cause a major headache to the Norwegian. Matheus, good footballer, resolved later.But the Real de Odegaard, the ups and downs and the flashes, drew a stroke of genius when he needed it most, just after the goal of Mirandés and before the break. The horizon was finally opened to Martintxo and with spaces it is something else his left-handed, a hose of assists and goals. It was he himself who put the cream to his great play to return to overtake a Real that, contrary to other days, scored much more than he played. The meritorious Mirandés, the surprise of the Cup, the team able to stand up to the giants, to get their hands on this tournament, came out alive from Anoeta with a Matheus goal. Not only did he survive, but at times he was better than the Real, which reduced as few rivals this season. The dream of each other to reach the final remains intact, although with very different sensations. The Real won, the Mirandés grew bigger. Anduva will solve.Historical parties must know how to digest them, bind them, put gold trim. It is not easy and it was not for the Real, more pressed. Not even early on the scoreboard got rid of shocks. The vigor of Portu in a ball apparently lost in the area ended in an innocent penalty by Odei that was sensed since the Murcia appeared on the scene. Oyarzabal scored calmly.center_img CardsMonreal (16 ‘, Yellow) Kijera (46 ‘, Yellow) Oyarzabal (47 ‘, Yellow) Zaldua (81 ‘, Yellow Goals1-0, 8 ‘: Oyarzabal, 1-1, 38 ‘: Matheus Aias, 2-1, 41 ‘: Odegaardlast_img read more