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Second Largest Coal Miner East Of The Mississippi Files For Bankruptcy: 4000 Patriot Coal Jobs In Peril
At last check Patriot Coal had around 4000 employees. Those soon to be former employees will soon require yet another massive seasonal adjustment by the BLS to be "adjusted" out, because moments ago the second largest coal miner east of the Mississippi and the second largest producer of thermal coal in the eastern US filed Chapter 11 bankruptcy.
As part of its filing, the Peabody spinoff announced it had obtained a $100 million DIP, which will be sued to fund the company until it finds a "strategic buyer" or otherwise restructures its balance sheet. Alas, with the price of coal being where it is these days, the most likely outcome for ticker formerly known as PCX is an outright liquidation and another 4000 people in the rest belt left without jobs who, just like the case of Denny Ryder of Decatur, IL, will promptly disappear from the labor force so as not to spoil the US "recovery" propaganda.
Full Patriot Coal bankruptcy filing statement:
Patriot Coal Corporation ("Patriot" or "the Company"), a producer and marketer of coal in the eastern United States, today announced that it is engaged in active negotiations for the sale of substantially all of the Company's operating assets to a strategic partner. The Company is also engaged in ongoing discussions with key stakeholders as it evaluates a range of strategic alternatives to maximize the value of its assets.
In conjunction with these activities, Patriot and its wholly-owned subsidiaries today filed voluntary petitions for restructuring under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Virginia, in Richmond, VA. The Company intends to complete its review of strategic alternatives and present a value-maximizing restructuring plan to the Court as quickly as possible.
Patriot expects its customer shipments and mining operations to continue in the ordinary course during the restructuring process. The Company has received a commitment for $100 million in "debtor in possession" ("DIP") financing led by a consortium of the Company's secured debt holders to support its continued operations. Upon approval by the Court, the DIP financing, combined with cash generated from ongoing operations will provide sufficient liquidity to support the business during the restructuring process.
Bob Bennett, President and Chief Executive Officer of Patriot, said, "In light of the challenging market conditions, and after a comprehensive review of our alternatives, the Board and management team have determined that this process represents the best path forward for Patriot and its stakeholders. Patriot is dedicated to operational and environmental excellence and, as always, we remain committed to operating safely and serving our customers throughout this restructuring process. We greatly appreciate the continued support of our customers and our suppliers and the ongoing hard work of our employees."
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Recovery!
joyflation
Everything is awesome!!
Keep Calm & Protest On...
" Yes we can! "
Union boobs need to look at the Democrats they keep voting into office and their active efforts to destory American coal.
Offshore coal work now!
Dear coal miners,
Thank you for your union support in both the 2008 and 2012 elections. It was much appreciated. But did you think I was kidding when I said I'd put the coal industry out of business? You must be the stupidest people on the planet.
Sincerely,
Barack Obama
4000 new bartenders and waitresses?
Only in O-merica.
it's Year 7 of the "summer of recovery"
In the Rest Belt.
Where laid off coal workers will certainly be resting while pulling unemployment.
Forward Soviet!
Forward Soviet? Laying of 4000 people to serve a corporate interest is as far away from Soviet policies you can possibly get. Read up you moron.
Here you go, try this on for size and see if it fits just a little better than your current view from the basement.
Forward Barack!
DaddyO
they not qualified for bartenders or waitresses.
maybe bar-backs and buss-girls.
more like bar-backs and busboys... years in a coal mine not good for people skills
I got no more fucks to give, I ran out about 8 years ago.
I ran out at least 30 or so years ago
The eastern coal companies have been failing for some time, as "affordable" recoverable deposits have mostly been exhausted. EIA figures (see this quick chart) show production by the largest 4 producers falling by 40% between 2000 and 2011 (i.e. not Obama's fault) http://www.eia.gov/todayinenergy/images/2013.10.02/map.png The good anthracite coal of the past is long gone, and much of the accessible bituminus is, as well. What is left is mostly subbituminus and lignite deposits out west (again, see the increasing production from the chart), brown, dirty, low-energy-density crap coal. The low hanging fruit is gone, and companies that were built on harvesting it are failing.
A bit of research shows that apparently PCX (Patriot Coal) filed for bankruptcy in 2012, as well.
Administration reaction: "Mission accomplished"
Next up, teen percent increases in electrical power rates and rolling brown-outs during the hottest weather.
Not funny; Im watching 3 coal plants being dismanteled right now in Chicago. The politicians are already starting their witch hunt for electrical price increases when the stupid motherfuckers just blew out a big chunk of production. I used to think politicians where diabalical, as Ive aged I realize their just fucking stupid.
don't worry, you will have such nice new slave collar
Coal fired power plant. Montana. Union votes blue.
Figure that one out.
This is all part of the theatre ... coal supplies in the US are not as rosy as many project ...
https://www.youtube.com/watch?v=t0y3KPmM22g
Go check the EIA and get back to me on how much ELECTRICITY (that one likely takes for granted) is generated by coal in the US.
Regards,
Cooter
That youtube video is nonsense.
There's enough clean burning anthracite coal just in northeast Pennsylvania to meet the energy needs of the US for at least 100 years.
Killing coal is one of the best ways to kill the US that TPTB ever came up with.
proven coal reserves in the US are valued currently at ~$17 trillion... yeah, the US has no coal, keep dreaming... largest known reserves on the planet...
I guess the USGS lies constantly, too.
http://www.wou.edu/las/physci/GS361/Fossil%20fuels/reserves.jpg
See those tiny green specks on the map? That's all that is left of the anthracite and semi-anthracite.
Here's a USGS report from 1997:
http://pubs.usgs.gov/circ/c1147/historical.html
Anthracite production is ~4% of what it was at peak, in 1919.
DOE also says: "Unfortunately, in the United States, as elsewhere in the world, there is little anthracite coal to be mined."
http://www.fe.doe.gov/education/energylessons/coal/gen_coal.html
Liars, all of them, eh?
How about a geology lesson.
There is a vast quanitity of coal under this country. At present power plants are burning only the coal that allows them to most easily meet SO2, SO3 and Hg emissions standards. If need be the technology exists to utilize the dirtier coals and clean it up, but the costs make it pointless right now. At present rates of use we easily have enough coal for several hundred years and that I'm sure does not include the worst of the coals we could tap into. That's one reason there is a lot of research into coal to liquid fuels conversion. If we could do that cheaply we really would have no more need of foreign oil for a couple hundred years.
Obama has nearly done what he set out to do , just a few more industries and mission complete.
Name any Republicans trying to stop him? We know the other Democrats are shit.
Hey wait a minute, the milk dud king has a phone and a pen remember?
Not only that he has them out blaming Peabody coal. Vast majority of union members are so brainwashed into spouting what ever their Union "Supreme Leader" tells them to say. Of course thier supreme leader is eating high on the hog and the fools do not get it.
"Life if hard, its even harder if your stupid." JOHN WAYNE
Who needs coal? Solar panels will keep you warm next winter.
That, and a butt load of kerosene. Just be careful the CO2 doesn't kill you.
I think that's "CO"...monoxide...one atom.
<snickers/>
Regards,
Cooter
Cut Vince some slack he is dead you know.
I'm also new. You guys should be nice to me.
Fuck you!
How's that?
Thanks, now I feel at home.
If this is you're first time at fight club, you have to fight
Hey union boys - your boy Obola did this with the Dems and Buffet oil trains of death. Not like the RepubliNeo-Cons are any better. I see Scott Walker is going to the wailing wall like all President candidates do. I think Rick Santorum was the only one who has not.
Green shoots ...............
What amazes me is a lot of these assholes voted for Obama even though he told them that he was going to throw them out of work.
At least now they have time to develop an oxycontin habit with their unemployment checks
I have run into dumb white union boys who voted for Obala. You cannot fix union stupid. Retards. Not like the Republicans are doing anything to stop the Kenyan.
And where is the military? I talked to one Jirene AH officer. Retard. I told him the Military has not upheld The Constitution since 1861. The military are the banksters, elites and MIC's little slaves who will die for them like sheep.
Let's see: O on Peabody - "We laid off some people"
O on the Osama raid - "We killed some people"
O on whistleblowers - "We jailed some people"
O on the TSA - "We groped some people"
O on U.S. Nuclear Missile Command generals - "We fired some people"
there blows out another chunk of American business collateral under-pinning the foundation of American debt.
No way no how this is accidental. High treason pervades DC today-as the folks shorting our debt appear to have bought Congress and the administrtive bureaucrats.
Thank God China has earned "carbon credits" for coal mining.
"carbon credits"
I haven't seen a damn dime of that money, and I probably never will.
To quote a wag from another site:
"Two words: Carbon offsets.
They magically allow you to pollute all you want.
I also purchase Rape Offsets.
By contributing cash to women's abuse causes it allows me several guilt-free rapes of random women every year.
You guys should check it out, man!
Cool deal, for real!"
Just wait, a Chinese company will buy the mine and bring in workers - to be fed by Smithfield Ham (bought by Chinese co.).
Is Smithfield going to source their new "floating pork" products from certain rivers in China?
I heard Freedom Coal was in trouble too.
4000 job cuts should not be much of an issue. Unemployment rate is 5.4%, basically we are at full employment. Those laid off should be able to find another job in a matter of hours.
</Sarc>
I hear Zappos' is hiring:
14% of Zappos' staff left after being offered exit payhttp://fortune.com/2015/05/08/zappos-quit-employees/?xid=timehp-popular
Good point and as the Gov't create jobs why is this even in the news.
Just pull them out of the labor force stats and you'll do them the favor of not having to look for a job.
From the article
As part of its filing, the Peabody spinoff announced it had obtained a $100 million DIP, which will be sued to fund the company until it finds a "strategic buyer" or otherwise restructures its balance sheet.
Knowing the vulture nature of TBTF lenders this typo doesn't feel like a typo all of a sudden.
That was my first thought also and then we have this" and another 4000 people in the rest belt left without jobs"
My conclusion: This article was written by a former Nigerian mail scammer.
I can understand the real value of coal, especially in the winter...
..and yet the bankers and financiers still have access to all the free money they want thanks to ZIRP...
Wake up people, so long as you keep accepting that bullshit paper in exchange for your labor, nothing changes.
You have to actually work hard to get that coal, while the bankers and financiers don't have to spend any energy at all to access that paper...
Say it with me, tick tock motherfuckers...
Their stock was around zero for over 2 years now. I don't know what this is about...
That guy that used to make coal mining equipment for CAT...still will not have a job....keep voting for Obama and he will take you job too...
This is one of Obama's campaign promises fulfilled.....
If you do not think the rest of his agenda has traction, then you'd be wrong.
With 60% of Congress on his side and another 38% having no spine to stand up to him, and having a media that never questions a thing he does, he doesn't need much "traction" to push his agenda through.
Why would Obamas board of directors ( congress) want to stand up to him they all work for the same Corporation
$100 million peanuts..?
American Eagle Energy Files for Chapter 11 Bankruptcy Protectionhttp://www.wsj.com/articles/american-eagle-energy-files-for-chapter-11-b...
American Eagle filed for bankruptcy on Friday, listing assets of $221.9 million and debts $215.2 million
A mile long coal train keeps a power plant running for 1 day.
How long before the lights go out?
Damn fine talking point. Just how big is that power plant?
An average coal fired power plant. Less than one day actually.
Coal fired power plants To quote Kunstler's last article, his numbers are accurate btw.
Only 6 percent of US electric power comes from “clean” hydro generation. Another 20 percent is nuclear. The rest is coal (48 percent) and natural gas (21 percent) with the remaining sliver coming from “renewables” and oil.
Read the details here.
America's Largest Coal Power Plant Burns 11 Million Tons of Bituminous a Year
Coal is delivered by BNSF railways from the Wyoming mine to Memphis, Tennessee where it is transferred to the plant by Norfolk Southern railways in 124-car-long trains. There are no less than thirty-six of these two-mile long coal trains en route on the ten-day roundtrip. Between three and five of these mammoth trains offload at Scherer daily using an air-dump system.
Oh, and to the person that down voted me....
Sorry but reality is a fucking bitch huh?
Just wondering why anyone would want to stop using a national resource when the alternative is higher unemployment and much, much higher energy costs.
As far as particulate pollution goes, coal can be burned very cleanly. The extraction of coal can be handled so that there is minimal environmental impact.
But when you have been brainwashed to believe that CO2 is a "pollutant", then all reasoning is off and you end up with the insane, horrific and economically devastating polices which are being implemented.
Why isn't the policy focused on clean extraction and clean burning?
So then if you don't want to use the coal to generate electricity - what DO you want to do with it?
Leave it in the ground?
Ship it to China?
Use it to make electricity.
But just know that every day with the lights are on, you are one day closer to them being off for good.
Did not know that, but explains why there are so many that run here through town at all hours of the night and day, not to mention the oil, ethanol and manifest loads. And yes, of course corn and soybeans here in this locale.
No problem, more coal can be imported from Russia...
This is definitely clean.
The night they drove old Dixie down
Obama said he was going to bankrupt the coal miners, but nobody listened. These union idiots probably voted for him. But hey, at least we put all that racism stuff behind us by electing our first black president.
I wonder where the UMWA bosses directed their campaign cash.
It's summer time. Who needs coal ??
This is clearly raycis.
With safe, clean nuclear power why would anyone need coal?
(/sarcasm)
Good. Bad in that now they won't have to do any clean up of the rivers and streams.
Energy technology that encourages independence scares TPTB. Fuck 'em. Alternate energy is an enemy of the banksters.
Yeah, as IF Obama runs things! As long as you keep Obama to blame you will never see the real puppet masters at work.
Go stick a daisy where the sun don't shine.
Bank stooge much?
KKiller, got balls? Lets see a list of names and addresses as you apparently know all the string pullers..
4000 more uber drivers!
Or tour guides for historical coal plants.
wtg owebomba
I see the sign a miner was holding "Created To Fail" and am VERY inclined to believe that is the case. I see cronies at Patriot Renewables et.al. failing even though they got a shitload of stimulus money. Watch the energy sector closely especially where PURPA and other changes are involved. Lot's of stalking horses out there.
Peabody created Patriot--and loaded it up with pension and other liabilities from ALL its other holdings. It was created to fail. Patriot has tried several times to renounce its pension debts.
You can bet that the owners of Peabody are multimillionairs With NO worries about retirement...
Pensions we don't need fuckin pensions... We're Fuckin RICH.
Grovel peasants....
John Prine
Paradise (aka Mr. Peabody's Coal Train)
When I was a child my family would travel
Down to Western Kentucky where my parents were born
And there's a backwards old town that's often remembered
So many times that my memories are worn
"And daddy won't you take me back to Muhlenberg County
Down by the green river where paradise lay?"
"Well, I'm sorry my son, but you're too late in asking
Mister Peabody's coal train has hauled it away"
Well, sometimes we'd travel right down the Green River
To the abandoned old prison down by Adrie Hill
Where the air smelled like snakes and we'd shoot with our pistols
But empty pop bottles was all we would kill
"And daddy won't you take me back to Muhlenberg County
Down by the green river where paradise lay?"
"Well, I'm sorry my son, but you're too late in asking
Mister Peabody's coal train has hauled it away"
Then the coal company came with the world's largest shovel
And they tortured the timber and stripped all the land
Well, they dug for their coal till the land was forsaken
Then they wrote it all down as the progress of man
"And daddy won't you take me back to Muhlenberg County
Down by the green river where paradise lay?"
"Well, I'm sorry my son, but you're too late in asking
Mister Peabody's coal train has hauled it away"
When I die let my ashes float down the Green River
Let my soul roll on up to the Rochester dam
I'll be halfway to Heaven with paradise waitin'
Just five miles away from wherever I am
"And daddy won't you take me back to Muhlenberg County
Down by the green river where paradise lay?"
"Well, I'm sorry my son, but you're too late in asking
Mister Peabody's coal train has hauled it away"
planned by the communists....
As soon as the EPA declared carbon (i.e. coal) as a pollutant, this was bound to happen. All originated by our Great Leader, ObAmA, Peace Be Upon Him. He did say that he would make electric power VERY expensive for US citizens. Now it is on its way to being unavailable from coal, the major fuel for electricity in the USA.
If you burn all the documentation, bankers, managers and officials involved in running the company into the ground, you would still produce less energy than 1 day of production at Patriot.
Some people need to get their priorities checked!
How much does a coal miner earn?
W.VA. $55.000.00
K. $35.000.00
Remember, Fred Flintstone was a solid member of the stone age middle class.
Indeed
I worked non union dragline maintenence on an above ground coal mine when I was younger, made about 32 an hour and I was on the lower end for wages since I was less experienced than most. Mines used to provide great benefits but now I hear they keep everybody as a temp so there are none.
Very interesting work but I decided to move on to other things because I didn't want to end up like Jody Foster in the mines...lol I've seen personally how uneven environmental policy is leveled at the various industries. Coal gets monkey hammered, fracking can do damn near whatever they want and we all know how protected the nuke industry is.
Maintenance... lol
Obama's EPA is in the process of closing all the coal power plants in the USA.
Meanwhile, China opens one new coal plant about every two weeks.
So the 4000 American families that just fell out of the middle class will have no impact on Obama's afternoon Golf game... So all is well.
Obama said he was going to get rid of coal. That's why he got re-elected. Because the coal miners thought he was kidding and they would get their raises and jobs anyway. Let's support Barry for a third term. I mean, what the heck?
Union mentality is the same as the welfare mentality there's no concept of economics or any idea about what it costs to employ people and keep a business profitable. All they see is a CEO that makes more than them, it's communist mob mentality that is born out of jealousy and victimhood. Reality is that someone always makes more, someone always makes less. No, mr. union member, you're not just as important to the business as the CEO because he could find a million other GED level people to run whatever piece of equipment you run all day. No you don't deserve $100,000 per year, your job is hard yes, but that's not important...what is important is how much someone will give you to perform said job without coersion from the government.
My experience is that union members aren't super intelligent. "We deserve, we demand, we require, what's fair, blah fuckin blah"
You're a fucking moron who doesn't know a damn thing about how big business hollows out and stripmines (pun!) companies for profit.
Cry moar. Baby boomer union member thinks because he graduated from highschool and can stick weld he deserves 100,000 a year and a pension after 30 years. Votes for socialists for 30 years, sits around lapping up social security and medicare waiting to die. Can't figure out why his college educated kids can only find a job at mcdonalds.
Unions form an unnatural adversarial environment, it's no wonder they're automating all your kid's jobs and simply hiring from countries that don't expect them to pay 3x what their worth. You took out home equity loans on your children's future wealth and lost it all.
You should be ashamed.
I cannot stand those Democrat voting retard union boys.
Here are real miners with balls fighting against the ZWO, NWO, ZOG.
https://www.youtube.com/watch?v=K9k05CbXmqE
Baby Boomer union members. LOL
First off a high school education back in boomer time was equivalent to a 2 year associate degree today and the full BS isn't too far behind. You see, back then you didn't go to the school library, pay $$ to get a copy of the upcoming test. No,,,, One had to actually do the test without any, shall we say, help from above.
Even then the High School grad was only equivalent to the 8th grade graduates of the early 1900's.There has been a dumbing down process that is still ongoing today. Some commenters here could be poster children for this process.
As for Social Security, Let's you pay $30,000 dollars insurance on your home for ten years, using your opinion of SS recipients, what makes you eligible to collect $210,000 when your house burns down? Now you would probably argue there a difference but when the rubber hits the road there is no difference. All Insurance are Ponzi schemes. If you don't think SS is insurance then I suggest you look up the meaning of FICA.
And why do children of today demand their inheritance when the only thing they do is carry the name? In the olden days, back on the farm, the children worked the farm with the parents which gave them rights to said farm when parents got old and/or died. Today its,,, I'm your kid so gimme, gimme, gimme.
Disclaimer: I am not a union member. I just blame the right source of today's problems,,, government and Federal Reserve,,, and not people who simply want a decent life.
The only thing I'm asking for is my forebears to have some common fucking sense. When the government scheme you force upon future generations to their detriment doesn't work out and they end up paying for all the goodies you accepted...how dare you claim to bear no responsibility.
Unions played their part in hollowing out America as yes you were all too stupid to see what your dues were buying. Be honest with yourself it will set you free.
That's why being a "stakeholder" is so important, rather than the shareholders who suffer the economic loss.
+1 that's because we are witnessing a great Tragedy of Absentee Lordship in the matter of stock of public companies
in theory, a honest, compact and interested shareholdership could go and do something... ethic. like saying: no money for CEOs that... <insert moral here>
for example, no collusion with government, no lobbyism, etc. etc.
actually is simple: by reducing humungous, vastly influential institutions like the publicly traded megacorporations to pure profit-seekers without consciensious ownership or restraint... we fostered something like psychotic economic dinosaurs... hugely dependent on the conscience of their CEOs
all this while becoming a CEO and making lots of money as CEO has become... a sociopathic game, too. and one that draws a lot of cheering, too
what I am writing here is actually paraphrased by something I read that was written about Wall Street in 1928. Just saying, and sorry I can't find the reference
When was the last time a shareholder vote was binding in any way shape or form? The board does what they want with your equity and you will like it.
Actually, there are some quite a few fairly intelligent men and women in unions.
The problem is more pernicious than stupid human beans demanding $100K to work.
Your opinion of CEOs is hardly justified when looked at through the prism of reality. Tell me why Nardelli at Home Depot should have received $250,000,000 just go away? Tell me about Dick Fuld, Lord Blankfein, and Jimmy Cayne. Tell me about these supposedly so talented men and women (what's her face at Yahoo, and the fired one at Hewlett Packard who now want a job as POTUS).
I'm afraid the the historic value placed on those in the top job is belied by their results and should factor in to your thinking about who demands what, and those on the compensation committees who are corrupt and inept to their core giving it to them, instead of tying their pay to performance, and getting rid of golden parachutes that pay them to fail.
It doesn't matter what you think they're worth, how much you think you're worth. That's how the income tax started too, they're worth more they deserve to pay more said the mob. 30 years later if you make over 5,000 you're paying .gov.
But poeple never learn, they're blinded by jealousy and greed which is why this country is dying. Injustice comes from government not from corporations. You're asking the government to fix a problem they created, good luck.
Of course it doesn't matter what I think they're worth. Jealousy has nothing to do with the fact that CEOs in this country are being given compensation that is many times greater than their employees, the highest in history vs other countries who are paid far less relative to theirs.
If you think corporations are just, and not founts of injustice, then you do really view the world of work and the way it operates in a remarkable fashion.
Gee, I wager you have that little piece of paper that says your edumacated and a bit jealous someone earns a decent living with a , oh my God... GED.
My wife attended university,,, said all she heard was how much better they were than the lowly working man. Course said university had no problem taking this working mans money.
Amazing how hypocrisy works.
I'm not jealous of anyone, I don't feel victimized by others, I got over that a long time ago....maybe union members should do the same and stop whining.
Bottom line is your labor is a contract with someone willing to pay for it, the government stepping in and forcing your wage higher is the problem as it derails competition and price discovery, it also creates barriers to entry and a ton of other unintended consequences.
I have no problem with unions, I do however have problems with the government getting involved in forcing market conditions and prices. Unions seem to think that companies are supposed to provide them with some sort of "living condition" which is asinine.
I also ask that people take responsibility for the consequences of their own actions.
Some of the top executives I've dealt with - mainly in the finance 'industry' - have been so stupid and incompetent that they did more corporate damage than 1000 union guys. And unlike the latter the executives departed with pockets full.
What you say about unions is definitely true though for the public sectors, education etc.
Is this picture representative of the workforce?
Looks like 99% middle age white men --
They passed on those bartender jobs...
Always someone to bring a little color to life...
The Administration's job-training and educational-assistance programs will place all those men in high-paying, meaningful and life-affirming career positions. Within months.
No need to burn coal, $100 bills can be burned, there's plenty of them around....
If you are interested in drones check out this site : http://pickyourdrone.com/
I'll bet most of those dumb bastards voted for this to happen to them. Now those workers can really fix their situation by voting for Hillary and continue to believe the democrats support the unions. Maybe you guys can check into coal mining jobs overseas. Don't forget to renounce your US citizenship, because you'll still be taxed out of your pants even after you move overseas.
Yea,,,, the Repubs would never eliminate jobs! And they're working hard to eliminate taxes cause they believe in small gubbermint!
Change We Can Believe In- Forward---
War on Electricity.
Where is Loretta Lynn when you need a spokesperson?
In the hospital with black lung disease?
Stupid liberal... You work by rote dont you?
For anyone who thought that only government stimulus jobs are temporary bullshit.
Ok then
If we stay true to form
The government will now nationalize the coal industry to save jobs
And America
The only entity that can function with EPA, other regulations meant to save us all
and compete with goverment subsidies to battery factories and sun heaters sun power, wind power corn power poop power.
The only entity that can survive ???
Is a government controlled entity. National Coal.
And the workers will vote for ???
Why theyll vote for the gov that pays them. Stupid
Didn't the unions vote for Obama and the destruction of the coal industry, and mass immigration to replace union members with cheap foreigners? Blacks, students, women, union members and the gays, all with no jobs... what did they all think was going to happen?
Told ya so
Yes they did.
The progressive stupid, it burns.
Grimaldus
I doubt Obama recd that many UMWU votes.
Arrest Lloyd Blankfein.
Decapitate him on pay-per-view.
Change You Can Believe In!
Bankers win again.
Moving Forward!
That really is a surprise. Noticed that manufacturers of fax machines, photo film and carriages as well as black smiths, switchboard operators and horse traders are out of business, too? Go with the times, it won't help if you hang on to professions and industries that are doomed to be extinct.
Th
Ohhh those nukes, so much greener! So much safer,,, and hey, only 4000 laid off... no big deal eh? Unless of course your one of the 4000.
But look at the bright side,,, all they need to do is get a gov school loan, go to an education factory, get their little piece of paper then get a job at McD's! Yep, easy peezy.
And as an added bonus, EBT, Section 8 housing and free rocking chairs!
Truly the land of opportunity...
Who didn't see this coming! Anybody remember this "prediction" by our messiah-in-chief?
https://youtu.be/DpTIhyMa-Nw?t=2m15s
TRAGEDY OF THE COMMONS.
Burning coal puts mercury into the air. The mercury comes down with the rain. We drink the mercury. It gets into our cells, and pushes out the metals our cells need to keep themselves healthy and disease free. Probably we all have mercury poisoning. I don't mind the coal, but I do mind the mercury.
The Chinese are now burning lots of coal without scrubbers on the smokestacks, and the mercury comes down all over the world. Lots more mercury all the time.
No such thing as "safe" energy.
And there's still no such thing as a free lunch.
I agree. Maybe solar, some day.
Lots more mercury in YOUR body all the time.
The rust belt complete with what urbanologists coined as white northern ghettos is festooned with early 20th century masonry buildings. They are empty now and will remain so because the only thing that will ecomically heat them is coal.
Finally. Half the coal generation in the east is shutting down. Forever.
They're old, dirty plants that rarely get called. And there's plenty of gas.
Even the nukes are uneconomic. There's a cliff where they're going to decide by 2020 to begin decommissioning those as well.
Sorry. But the patriot and Arch have been dead man walking for 4 years.
They're going to need to hire people to cleanup the mess from both the mines and the plants.
None of that is true.
Exelon in Illinois is crying to the state government because their nukes can't compete. And who's to blame? The cheap Nat gas.