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Thread: Coal Company Plans to Close Several Mines

  1. #41
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Higgins86 View Post
    lol so the US coal companies dont follow the world trend?
    As far as I know the world doesn't have to abide by Obama's EPA edicts.
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  2. #42
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Mycroft View Post
    As far as I know the world doesn't have to abide by Obama's EPA edicts.
    has nothing to do with "Obama's EPA edicts" its more to do with the whole "clean energy" issue worldwide, you may have read about it!
    ‘This is not peace, it is an armistice for 20 years.’ (Ferdinand Foch. After the Treaty of Versailles, 1919).

  3. #43
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Higgins86 View Post
    has nothing to do with "Obama's EPA edicts" its more to do with the whole "clean energy" issue worldwide, you may have read about it!
    Regardless what you choose to believe, the links I provided beg to differ.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

  4. #44
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Grim17 View Post
    Maybe you missed post #5
    Sadly I did miss post #5. My bad there, but your bad for not including in your original assertion if it was material to your point.

    That said, post #5 is an op-ed. Unfortunately, as I am not a member of the WSJ site, so I can't read the whole article, but I have no basis to conclude that it is anything more than someone drawing their own self-serving conclusions, as I accuse you of. But, I did owe you and this thread a little more so I did some more research on the issue looking for a complete explanation of the mine closures.

    I found this on Reuters with an article on S&P's rating of Alpha.

    TEXT-S&P cuts Alpha Natural Resources Inc rating to 'B+' | Reuters

    If you read this article, Alpha is in deep trouble because of the market.

    "....U.S.-based Alpha Natural Resources Inc. is cutting production
    amid a sharp cyclical drop in domestic demand for coal, which will lead to
    lower-than-expected EBITDA in 2012 and 2013...
    ."

    and

    Alpha Cuts Steelmaking Coal Outlook as Export Market

    Sorry, the articles paint ANR as being in deep financial trouble with no blame whatsoever to the regulatory environment. Accordingly, your example does not support your assertion. You can blame the weakening market for coal for the job loss, not Obama nor the regulatory environment.
    Last edited by upsideguy; 09-28-12 at 12:01 PM.

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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Phys251 View Post
    As evidence, here are the spot prices and future prices for natural gas from 2006 to 2011.

    Check out what happened between 2008 and 2009. Coal ain't done that.
    I prefer to use this to illustrate the benefits between buyer and seller that result when trade is restricted to civilized people. The natural bandits of the Third World can't act in a fair way. Whenever the OPEC hoarders develop new fields, they cut back on other production in order to maintain their traditional piratical price-gouging. Again going deeper into interpretation, I must mention that they do nothing to create this new supply; it is all discovered and developed by infidels. Therefore, we should own the oil on the territories the pirates occupy. Intellectual property rights supersede the unearned rights of tribes whose ancestors were driven into the territory as fugitives from justice.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

  6. #46
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by iliveonramen View Post
    Well thank God! You'd think us on the Gulf Coast should have a say as to what is done right off our coasts! We do have billions in tourism and fishing that are dependent on those same waters that oil is drilled out of.
    Because of your unpatriotic selfishness, eventually only degenerate Arab sheiks will be able afford to be tourists, turning Florida into Thailand.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

  7. #47
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by PrometheusBound View Post
    Because of your unpatriotic selfishness, eventually only degenerate Arab sheiks will be able afford to be tourists, turning Florida into Thailand.
    Haha! We're all in this together when it comes to opening up areas to oil companies.

    Yes....the Gulf Coast economy which represents billions of dollars and millions of individuals should not be considered when opening up and extracting oil that will have almost no impact on global oil prices.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Mycroft View Post
    As far as I know the world doesn't have to abide by Obama's EPA edicts.
    But the world does have to abide by Big Oil's monopolistic tactics to eliminate its competitors in providing energy. The British expression "bringing coals to Newcastle" used to be a contradiction like selling ice to Eskimoes. But that was before British Petroleum pressured Parliament to shut down all the mines there. Greenheads are empowered by Greedheads.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

  9. #49
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by iliveonramen View Post
    Haha! We're all in this together when it comes to opening up areas to oil companies.

    Yes....the Gulf Coast economy which represents billions of dollars and millions of individuals should not be considered when opening up and extracting oil that will have almost no impact on global oil prices.
    You beachcombers and surfheads are also unpatriotic towards the other people in your region, who will gain billions of dollars from oil company jobs and leases and the spending churned up by churning away the useless coral. The citizens of the western Gulf Coast prove that. Sally sells shells at the seashore because her husband can't find a job in the Green Economy.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

  10. #50
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by PrometheusBound View Post
    You beachcombers and surfheads are also unpatriotic towards the other people in your region, who will gain billions of dollars from oil company jobs and leases and the spending churned up by churning away the useless coral. The citizens of the western Gulf Coast prove that. Sally sells shells at the seashore because her husband can't find a job in the Green Economy.
    Beachcombers and surfheads? You mean mom and pop shops and fisherman that go out every day to earn their livlihood. You obviously have no idea what the gulf coast economy looks like.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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