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Thread: Coal Company Plans to Close Several Mines

  1. #71
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    Re: Coal Company Plans to Close Several Mines

    Okay, yeah, that is crazy ... expecting upgrades to plants built in 1903 and 1924.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by AdamT View Post
    Okay, yeah, that is crazy ... expecting upgrades to plants built in 1903 and 1924.
    Granted bad examples. I do have a hard time buying that the other 118 plants being closed have the same age range. Fisk and Crawford were exempted from the '77 clean air act because they were expected to be closed soon in any event but there were multiple buyouts that changed the economics of those 2 facilities.

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    Re: Coal Company Plans to Close Several Mines

    "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


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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Phys251 View Post
    Stupid **** like this isnt conducive to any sort of debate. Thanks for dragging the conversation into the gutter.

  7. #77
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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by AdamT View Post
    The primary reason that coal is hurting is the drastic drop in the price of natural gas. Another major reason is the economic slowdown which has reduced the demand for steel and thus steel production, which is highly dependent on coal. And stricter EPA regs have also played a part.

    Chinese Slowdown Idles U.S. Coal Mines - WSJ.com
    September 27, 2012
    By KRIS MAHER

    WHARTON, W.Va.—Slowing growth in China is taking a brutal toll on Appalachian coal mines and coal towns.

    Appalachia has one of the world's richest deposits of high-grade coal used to make steel. Thanks to Chinese demand, the price for premium metallurgical coal, whose low-ash and low-sulfur content makes it ideal for steelmaking, hit a record $330 a metric ton in early 2011.

    Now, the Chinese economy is slowing and so is its steel industry. That has sent the price of coal used for steelmaking down nearly 50% to $170 a metric ton. Those coal producers who counted on Chinese sales are reeling."..."
    That dam Obama EPA!
    Last edited by mbig; 10-24-12 at 10:56 AM.
    I'm personally sick of not being able to dunk a basketball because of racism.
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