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<P mce_keep="true">[quote user="Paul_D_North_Jr"] <P>In yesterday's <SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">(Thurs., Jan. 21st, 2010) </SPAN><U>Wall Street Journal</U> , a very small paragraph at the end of a short article on or analysis of something else in the right-hand column of page B-16 <SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">(if I recall rightly) basically said that in light of the Massachusetts Senate seat election results, whatever the fate of health care reform might be, without a doubt <U>the 'cap and trade' legislation was dead</U> for the foreseeable future.  </SPAN></P> <P><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">That would appear to be good news and a benefit for the coal-hauling railroads.</SPAN></P> <P><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">- Paul North.</SPAN></P> <P>[/quote]</P> <P><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><FONT face=georgia,palatino>On one hand, it takes the steam out of cap and trade.<SPAN style="mso-spacerun: yes">  </SPAN>However, if cap and trade is not done by congress, much of its costly CO2 restrictions can readily be imposed by the EPA.<SPAN style="mso-spacerun: yes">  </SPAN>Moreover, the EPA has vowed to regulate CO2 if congress does not get in front of them with cap and trade legislation.<SPAN style="mso-spacerun: yes">  </SPAN></FONT></SPAN></P> <P><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><FONT face=georgia,palatino><SPAN style="mso-spacerun: yes"></SPAN>So congress was as concerned about getting one step ahead of the EPA as they were about selling cap and trade to the public.<SPAN style="mso-spacerun: yes">  </SPAN>Senator Byrd was urging congress to get out in front of the EPA with cap and trade in order to prevent the EPA from killing Byrd’s West Virginia coal industry.<SPAN style="mso-spacerun: yes">  </SPAN></FONT></SPAN></P> <P><SPAN style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA"><FONT face=georgia,palatino><SPAN style="mso-spacerun: yes"></SPAN>So, with cap and trade being dead in congress, we may have gone from the frying pan to the fire, in terms of railroading.</FONT><SPAN style="mso-spacerun: yes">  </SPAN></SPAN></P>
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