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Thread: Coal Company Plans to Close Several Mines

  1. #51
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by upsideguy View Post
    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.
    What do you expect from the Obama friendly liberal media in an election year? They will go to great lengths to protect their saviour, so excluding that little detail is not only no surprise to me, but it's to the point it's almost expected.

    Try this link:

    Review & Outlook: Middle-Class Job Killer - WSJ.com

    And here's a few more paragraphs for you:

    Arch Coal announced in June that it would idle operations in Appalachia, cutting 750 full-time jobs—10% of its work force—blaming the "challenging regulatory environment." PBS Coal and its affiliate, RoxCoal, in July laid off 225 workers in Pennsylvania, citing "uncertainty generated by recently advanced EPA regulations." Consol Energy at about that time cut 318 jobs in West Virginia.

    When Ohio Valley Coal in July announced its own cuts, General Manager Ronald Koontz slammed the Obama Administration for seeking to "destroy" the "jobs of our own employees and the livelihoods of their families." Mr. Koontz's pointed comments didn't get elevation, what with the media deep into the frenzy over ancient and alleged sins of Bain Capital.
    Last edited by Grim17; 09-28-12 at 02:05 PM.

  2. #52
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by PrometheusBound View Post
    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.
    Wut...

    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.
    What an incredibly insensitive comment. I guess this is the mentality of those who support Big Oil and Big Coal.
    "A man you can bait with a tweet is not a man we can trust with nuclear weapons." --Hillary Rodham Clinton
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  3. #53
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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!
    You might want to do some research before you spew such nonsense. The large coal users are still the large coal users. China has actually ramped up their coal use.

  4. #54
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Grim17 View Post
    What do you expect from the Obama friendly liberal media in an election year? They will go to great lengths to protect their saviour, so excluding that little detail is not only no surprise to me, but it's to the point it's almost expected.

    Try this link:

    Review & Outlook: Middle-Class Job Killer - WSJ.com

    And here's a few more paragraphs for you:
    Much better.... you should have produced this in the first place. Finally you have the foundation of a point. Albeit just a couple of credible third party witnesses and an Op-Ed piece to support your contention, but at least they form a credible argument.

    But come on, Business Week and Reuters are friendly liberal media? That statement tends to undo some the credibility and good work of the Op-Ed.
    Last edited by upsideguy; 09-28-12 at 03:06 PM.

  5. #55
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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.
    The gulf coast economy loves energy. so does North Dakota's, and Alaska's.

    As for oil prices, they will indeed drop (the trade is futures-driven, there's a bit else that goes into that assessment) when and if we throw open American production. Energy jobs don't require college degrees and they pay well above the average salary - an energy boom would be a huge boon for our populaces that have hurt worst in the past few years. We have the greatest energy resources of any nation on the planet, and of all the nations on the planet, we are the only ones stupid enough not to let them help our people in times of trouble.

  6. #56
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by cpwill View Post
    The gulf coast economy loves energy. so does North Dakota's, and Alaska's.

    As for oil prices, they will indeed drop (the trade is futures-driven, there's a bit else that goes into that assessment) when and if we throw open American production. Energy jobs don't require college degrees and they pay well above the average salary - an energy boom would be a huge boon for our populaces that have hurt worst in the past few years. We have the greatest energy resources of any nation on the planet, and of all the nations on the planet, we are the only ones stupid enough not to let them help our people in times of trouble.
    Some of them absolutely do. Organic chemistry, which practically the entire petrochemical industry is based around, is a continually evolving field that requires top-notch research. And where do researchers get that kind of knowledge?

    I say hold off on extra drilling, not for environmental but economic reasons. If we just drill, baby, drill, we are just going to kick the can down the road and not wean ourselves off of a limited and polluting energy source. Far better to save it for dire emergencies, like when gas is 7 bucks a gallon.
    "A man you can bait with a tweet is not a man we can trust with nuclear weapons." --Hillary Rodham Clinton
    "Innocent until proven guilty is for criminal convictions, not elections." --Mitt Romney

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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Phys251 View Post
    Some of them absolutely do. Organic chemistry, which practically the entire petrochemical industry is based around, is a continually evolving field that requires top-notch research. And where do researchers get that kind of knowledge?
    oh, some do, absolutely. someone has to run the engineering. but truckers in North Dakota are making six figures right now. the vast majority of oil jobs are blue collar jobs that pay above the median salary, and that can't be shipped overseas.

    I say hold off on extra drilling, not for environmental but economic reasons. If we just drill, baby, drill, we are just going to kick the can down the road and not wean ourselves off of a limited and polluting energy source. Far better to save it for dire emergencies, like when gas is 7 bucks a gallon.
    That is like arguing that we shouldn't get a job at age 30 because people don't hit their peak earning years until they are in their 50's. And oil takes years to search, find, drill, pull out, refine, and pump out in the form of gasoline. It's not an emergency switch we can hit that flows straight from the shale to the Costco pumping station. And pumping it out of the ground here at home actually reduces pollution - the real damage to the environment comes not from American sources, but from shipping it here from overseas. Tankers are far more likely to spill than platforms, and nations that produce abroad are unlikely to have our level of environmental protective regulation.

  8. #58
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by cpwill View Post
    oh, some do, absolutely. someone has to run the engineering. but truckers in North Dakota are making six figures right now. the vast majority of oil jobs are blue collar jobs that pay above the median salary, and that can't be shipped overseas.
    Almost everything in life has pros and cons. With the energy industry, jobs are the pros. I leave it as an exercise to you to rediscover what the cons are.

    That is like arguing that we shouldn't get a job at age 30 because people don't hit their peak earning years until they are in their 50's. And oil takes years to search, find, drill, pull out, refine, and pump out in the form of gasoline. It's not an emergency switch we can hit that flows straight from the shale to the Costco pumping station. And pumping it out of the ground here at home actually reduces pollution - the real damage to the environment comes not from American sources, but from shipping it here from overseas. Tankers are far more likely to spill than platforms, and nations that produce abroad are unlikely to have our level of environmental protective regulation.
    That makes absolutely no sense. Most developed nations are addicted to fossil fuels, pure and simple, and we are no exception. Kicking the can down the road by drill, drill, drilling is not going to solve our long-term problem. And, oh yeah, I'd like for sea levels to stay where they are, thank you.
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  9. #59
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    Re: Coal Company Plans to Close Several Mines

    I refer you all to this link: Did Obama kill coal jobs? - Sep. 7, 2012

    Besides that, most mining now uses far less people than it once did thanks to the horrible practice of mountain top coal mining. I remember as a kid going through the Appalchians on my trip down to SC and seeing these gorgeous mountains. Now many of them them look like nasty platueus. If they went back to the old ways of mining not only would worker pay go up but their would be more workers not laid off from the advances of mountain top destruction. Of course, many of my friends that were in the industry are now working for natural gas companies now so I've seen no major loss in jobs personally.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

  10. #60
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    Re: Coal Company Plans to Close Several Mines

    Romney is putting up a lot of Obama is killing coal commercials in coal country

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