Bright Raven":cdfyc4x8 said:
Brute 23":cdfyc4x8 said:
Coal did not fall because of govt regulation. It fell because of economics. If your looking for some one to blame, blame cheap natural gas.
I am very pleased to hear that. I agree 100 %. In fact, British Petroleum made a case for why they were not investing in American Coal and guess what - it was all based on ECONOMICS
I too am pleased to know that environmental impact studies, permits, regulatory compliance costs, ground and ground water monitoring, and even fines are not part of any business or corporate 'economic' considerations when deciding what to invest in, stay in or expand in.
if the greenies ever get their way, and I have to capture all the methane my cattle emit, prevent any runoff of their body waste, and pay for all the equipment that will entail, I'm pretty sure non of those associated costs won't be part of my 'economic' considerations. All that will just grow on trees, ripe for me to go out and pluck off....at NO COST to MEEEE!
:bs:
Impact of Oil, Gas and other Hydrocarbon Reserves, Prices and Margins on Testing for Impairment. The Corporation performs impairment assessments whenever events or circumstances indicate that the carrying amounts of its long-lived assets (or group of assets) may not be recoverable through future operations or disposition. Assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of the cash flows of other groups of assets for this assessment.
Potential trigger events for impairment evaluation include:
· a significant decrease in the market price of a long-lived asset;
· a significant adverse change in the extent or manner in which an asset is being used or in its physical condition including a significant decrease in current and projected reserve volumes;
· a significant adverse change in legal factors or in the business climate that could affect the value, including an adverse action or assessment by a regulator;
· an accumulation of project costs significantly in excess of the amount originally expected;
· a current-period operating loss combined with a history and forecast of operating or cash flow losses; and
· a current expectation that, more likely than not, a long-lived asset will be sold or otherwise disposed of significantly before the end of its previously estimated useful life.
. In the near term, we see variability in refining margins, with some regions seeing weaker margins as new capacity additions are expected to outpace growth in global demand for our products, which can also be affected by global economic conditions and regulatory changes.
