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Political BLOG |
 March 2008
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It looks like Peabody Energy is finally going to pull the trigger and announce that they plan to build a coal-to-natural gas plant somewhere in Western Kentucky. In June, Governor Fletcher pressed the legislature to pass incentives for alternative energy plants, saying Peabody would be making a decision within 90 days. Four months later, it appears Peabody is ready to come to Kentucky and is expecting to make a formal announcement next week. That announcement is great news for western Kentucky and the timing won't hurt Fletcher's reelection bid in that region. 3 CommentsLeave a comment |
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WHAS11.com Political Blog
WHAS11 Reporters blog the latest political news from the campaign trail and beyond. 
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Fletcher continues to produce for the citizens of Kentucky. He has a strong record of economic achievement.
He has also been widely touted for his sucesses in healthcare and alcohol and drug facilties nationally.
The best thing for Fletcher personnally would be to make several hundred thousand more in the private sector than he makes as Governor. However, it is not the best thing for the people of Kentucky.
Anonymous, the only thing Ernest has produced for the citizens is shame and ridicule from the rest of the country.
And what kind of economic achievement do you speak of? Jobs? Wrong. Every state that borders Kentucky has lowered their unemployment rates. Kentucky's has gone up.
Yeah, those alcohol and drug centers are catching on really well. His people are putting the one here in Owensboro in a neighborhood where families with small children live. If you think they were happy to hear there's going to be a bunch of drunks and druggies roaming the place, think again.
And it's been a week since an EF-3 tornado ripped through downtown Owensboro. When that happened about 8 years ago, Governor Patton had the disaster declaration from President Clinton in hand faster than you could say "tornado." Ernest isn't sure there's enough damage.
Yeah, Anonymous ... there's enough damage. Damage all across Kentucky from Ernest's lack of leadership and the lies he's told.
If Ernest thinks he can make the big bucks in the private sector, then by golly let him go and do it. It will be good for Kentucky. We won't be paying him to run us into the ground any longer!
Peabody Energy Stock
Recently, I mentioned Peabody Energy stock would to up, with the acquisition of government subsidies. Well, Peabody stock went up again this week and this is the closing price. Current Price: $57.93
Two years ago their stock was around $25.00. When Peabody Chair met with THE CHENEY ENERGY GROUP, the stock of Peabody went up with a special emphasis being placed on syn fuels and coal by the ENERGY GROUP.
After that meeting, and the media coverage, the stock went to an all time high of around $50.00 maybe a little more.
As it happened the Chair of Peabody sold some of his Peabody stock and gained around a half million dollars.
And, now the stock is very high. And, for good reason. It is a WIN, WIN situation for Peabody, as our State Goverment, has endorsed the business principals, development and failed technology of an ENERGY GIANT with a big political pac.
HMMMM, Wonder of Jody or Fletch, owns any Peabody Energy stock? And better yet, does Steve Beshear?
PEABODY CLOSING PRICE THIS WEEK.
Current Price: $57.93
Last Trade Time: 10/26/2007 4:03 PM
Open: $0.00
Previous Close: $55.98
Daily Range: $56.50 - $58.92
52-Week Range: $36.20 - $56.20
Volume: 6,787,400
Market Cap: $14.86B
P/E Ratio: 28.71