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Thread: Coal Company Plans to Close Several Mines

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    Coal Company Plans to Close Several Mines

    It begins... The lay offs are coming thanks to Obama's new EPA regs, which is just what our economy needed.

    Four more years... I don't think so.


    Coal Company Plans to Close Several Mines
    By JESS BIDGOOD
    Published: September 18, 2012

    Alpha Natural Resources, one of the nation’s largest coal producers, announced on Tuesday that it planned to idle eight mines in Pennsylvania, Virginia and West Virginia, reducing its annual production by 16 million tons. The move will include laying off 1,200 of 13,000 employees. The company said that it was trying to meet the “evolving demands of a changing global coal market” and that it would continue selling coal in the United States while focusing new efforts on overseas markets.
    http://www.nytimes.com/2012/09/19/us...ef=todayspaper

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    Re: Coal Company Plans to Close Several Mines

    I read a follow up article after this story broke that said they do not expect these layoffs to alter the election any because of the limited scope of the layoffs spread over multiple states in areas where Romney was already expected to win.

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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Grim17 View Post
    It begins... The lay offs are coming thanks to Obama's new EPA regs, which is just what our economy needed.

    Four more years... I don't think so.



    http://www.nytimes.com/2012/09/19/us...ef=todayspaper
    Except the reason the coal industry is losing is not because of EPA regulations, but rather over the last few years natural gas has become more popular. Not only is natural gas cleaner, but it is also now cheaper.

    Instead of blaming the federal government maybe you ought to be celebrating capitalism and creative destruction.

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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Spaceman_Spiff View Post
    Except the reason the coal industry is losing is not because of EPA regulations, but rather over the last few years natural gas has become more popular. Not only is natural gas cleaner, but it is also now cheaper.

    Instead of blaming the federal government maybe you ought to be celebrating capitalism and creative destruction.
    That is exactly who is shutting down the coal industry. Obama's government.
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Spaceman_Spiff View Post
    Except the reason the coal industry is losing is not because of EPA regulations, but rather over the last few years natural gas has become more popular. Not only is natural gas cleaner, but it is also now cheaper.

    Instead of blaming the federal government maybe you ought to be celebrating capitalism and creative destruction.
    From the Wall Street Journal:

    The coal industry has been hit by competition from cheap natural gas, but Alpha made clear in its announcement that an equal problem is a Washington “regulatory environment that’s aggressively aimed at constraining the use of coal.” That’s a direct reference to the deluge of Obama Environmental Protection Agency regulations designed to force the closure of coal-fired power plants.


    Like I said...

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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Grim17 View Post
    From the Wall Street Journal:

    The coal industry has been hit by competition from cheap natural gas, but Alpha made clear in its announcement that an equal problem is a Washington “regulatory environment that’s aggressively aimed at constraining the use of coal.” That’s a direct reference to the deluge of Obama Environmental Protection Agency regulations designed to force the closure of coal-fired power plants.






    Like I said...
    Yet they are expanding their operations in coal not used to generate power. Sounds like a business reconfiguration to meet a changing market. You know, the kind of layoffs conservatives always defend when they can't attempt to blame Obama for them. Maybe we should go back to steam locomotives just to make sure there is still a demand for coal. Meanwhile, it's the cost and cleanliness of natural gas that is really eliminating the market.

    Cheap natural gas hurting coal market | HamptonRoads.com | PilotOnline.com

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    Re: Coal Company Plans to Close Several Mines

    C02 emissions are down 20% thanks to increasing use of natural gas.

    Coal is still a huge business. It still employs about 174,000 people. But natural gas is on the rise.

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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by RadicalModerate View Post
    C02 emissions are down 20% thanks to increasing use of natural gas.

    Coal is still a huge business. It still employs about 174,000 people. But natural gas is on the rise.
    It could be even more on the rise, if Obama hadn't shut down drilling in the Gulf of Mexico.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by apdst View Post
    It could be even more on the rise, if Obama hadn't shut down drilling in the Gulf of Mexico.

    A clear example of Obama pandering to the people on the gulf coast.

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    Re: Coal Company Plans to Close Several Mines

    Quote Originally Posted by Fisher View Post
    I read a follow up article after this story broke that said they do not expect these layoffs to alter the election any because of the limited scope of the layoffs spread over multiple states in areas where Romney was already expected to win.
    So in other words as long as they aren't voting for Obama who gives a &^*( if they are employed right?

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