Barclays 2012 CEO Energy/Power Conference - Peabody Energy
Barclays 2012 CEO Energy/Power Conference - Peabody Energy
Barclays 2012 CEO Energy/Power Conference - Peabody Energy
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U.S. Markets: Rising Gas Prices andStrong Burn Driving Recovery● Natural gas priceoutlook favorablefor PRB and ILB● U.S. summerstockpile declinegreater thanaverage– Coal inventorieslowest for PRBgenerators● Expect rebound in2013 coal use$5$4$3$2U.S. NaturalGas Prices($/mmBtu)FuturesILB CompetitivePRB Competitive-12$1-162011 <strong>2012</strong> 2013 2014 2015 2016 201712840-4-8U.S. MonthlyInventory Change(Tons in Millions)7-6-25699710-Year Average<strong>2012</strong>5-1-3-4-10-12Jan Feb Mar Apr May Jun JulSource: Pricing per Bloomberg, CME Group; prices quoted as of 8/29/12. Inventory data per EIA, <strong>Peabody</strong> Global Analytics.14
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