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TRUMP IS REVIVING THE COAL INDUSTRY OBAMA TRIED TO KILL

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antilib
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TRUMP IS REVIVING THE COAL INDUSTRY OBAMA TRIED TO KILL

Post by antilib » Tue Apr 18, 2017 12:53 pm

King Coal’s big comeback

By Stephen Moore
April 16, 2017

ANALYSIS/OPINION:

Trump is reviving the energy industry Obama tried to kill

Buried in an otherwise humdrum jobs report for March was the jaw-dropping pronouncement by the Labor Department that mining jobs in America were up by 11,000 in March. Since the low point in October 2016 and following years of painful layoffs in the mining industry, the mining sector has added 35,000 jobs.

What a turnaround. It comes at a time when liberals have been saying that Donald Trump has been lying to the American people when he has said that he can bring coal jobs back. Well, so far he has.

There’s more good news for the coal industry. Earlier this month Peabody Coal — America’s largest coal producer — moved out of bankruptcy and its stock is actively trading again. Its market capitalization had sunk by almost 90 percent during the Obama years. Arch Coal is also out of bankruptcy.

It turns out that elections do have consequences after all. Regime change in Washington has brought King Coal back to life since late 2016 when coal production had fallen by almost half from its peak. The Obama administration and its allies like the Sierra Club tried to kill coal because of its hyper-obsession with global warming. President Trump pledged to coal miners in small towns across America — in Ohio, Pennsylvania, Virginia, West Virginia and Wyoming — that he would be a friend to American coal and fossil fuels.

As promised, Mr. Trump has lifted the so-called Clean Power Plant regulations and several other Environmental Protection Agency rules that were intentionally designed to kill coal jobs (and thousands more in related industries like trucking and steel) and shutter coal plants, which it accomplished with ruthless precision. Hillary Clinton had promised her green allies that she would finish off every last coal-mining job in America.

The coal miners weren’t too happy about this, and her arrogant disregard for a leading American industry that hires tens of thousands of union workers contributed to her losses in almost all the coal states — many of which were once reliably Democratic.

America was built on cheap and abundant coal. Fossil fuels powered the United States into the industrial age and replaced inefficient windmills and woodburning as the primary sources of electricity. America currently has access to 500 years worth of coal — far more than any other nation. Even despite the last decade’s war on coal during the Obama years, the U.S. still derives about one-third of our power from coal — second only to natural gas.

Coal is indispensable today even if renewable “green” energy starts to catch on, because wind and solar power are only viable with coal-burning power plants as a backup for when the wind doesn’t blow and the sun doesn’t shine. Without coal green energy means rolling blackouts across America.

Liberals have argued that coal could never make a comeback because of cheap natural gas. Clearly, the shale gas revolution with prices falling from $10 to $3 per million cubic feet has hurt coal producers.

But economic necessity is the mother of invention, and coal companies like Peabody have figured out how to become far more efficient in their production. What’s more, clean coal is here. Emissions from coal plants of lead, sulphur, carbon monoxide and other air pollutants have fallen by more than half, and in some cases, by 90 percent in recent decades.

The climate change industrial complex pontificates that the United States must stop using coal to save the planet. But even if the U.S. cut our own coal production to zero, China and India are building hundreds of coal plants. By suspending American coal production, we merely transfer jobs out of the U.S. Do liberals care more about jobs in India and China than in America?

Renewable energy is at best one or two decades away from being a major energy source for the world, so until that happens, coal and natural gas will compete as low-priced, super-abundant and domestically produced energy sources for 21st century America.

Nuclear power will hopefully continue to play an important role, too. For all the talk about the increase in wind and solar industries, they still account for less than 5 percent of our energy. Almost 70 percent comes from natural gas and coal.

Coal isn’t dead in America. It is unleashed. As a Washington Times editorial put it very well recently, “The left gave up on the 100,000 coal workers in America more than a decade ago. Donald Trump has not.” Remember this the next time Elizabeth Warren or Nancy Pelosi lecture us about how much they care about the working class in America.

http://www.washingtontimes.com/news/201 ... -comeback/

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Pete
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Post by Pete » Tue Apr 18, 2017 12:56 pm

Burn baby burn!!!!

:devilfire:
"Not a bird, not a plane, I'm just a mean ol' night owl"

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donttreadonme
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Post by donttreadonme » Tue Apr 18, 2017 12:58 pm

Talk about delusional. :singe2:

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antilib
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Post by antilib » Tue Apr 18, 2017 1:00 pm

Pete wrote:
Tue Apr 18, 2017 12:56 pm
Burn baby burn!!!!

:devilfire:
i like my coal like my women, hot, lol!!

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nolaxride
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Post by nolaxride » Tue Apr 18, 2017 1:34 pm

— "It will be revealed in the coming months that he was in fact born in Kenya" - 17 Nov 2016

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antilib
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Post by antilib » Tue Apr 18, 2017 2:50 pm

nolaxride wrote:
Tue Apr 18, 2017 1:34 pm
Really?

https://www.eia.gov/coal/production/weekly/
yup!!

Coal Industry Sheds Tens Of Thousands Of Jobs Under Obama
02/06/2015

Tens of thousands of coal mine and power plant workers have lost their jobs under President Obama, and more layoffs could be on the way as the administration continues to pile on tens of billions of dollars in regulatory costs.

http://dailycaller.com/2015/02/06/coal- ... der-obama/

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thelionofthenorth
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Post by thelionofthenorth » Tue Apr 18, 2017 2:52 pm

Conflating "mining jobs" with "COAL mining jobs " shows only that anti flunked Venn diagrams on each of his many trips through third grade.
Stupidity deserves no pity.

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nolaxride
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Post by nolaxride » Tue Apr 18, 2017 3:20 pm

antilib wrote:
Tue Apr 18, 2017 2:50 pm
nolaxride wrote:
Tue Apr 18, 2017 1:34 pm
Really?

https://www.eia.gov/coal/production/weekly/
yup!!

Coal Industry Sheds Tens Of Thousands Of Jobs Under Obama
02/06/2015

Tens of thousands of coal mine and power plant workers have lost their jobs under President Obama, and more layoffs could be on the way as the administration continues to pile on tens of billions of dollars in regulatory costs.

http://dailycaller.com/2015/02/06/coal- ... der-obama/
Mining jobs may be coming back, coal mining jobs are not. Or perhaps you missed that point?
— "It will be revealed in the coming months that he was in fact born in Kenya" - 17 Nov 2016

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barrysoetoro
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Post by barrysoetoro » Tue Apr 18, 2017 3:53 pm

thelionofthenorth wrote:
Tue Apr 18, 2017 2:52 pm
Conflating "mining jobs" with "COAL mining jobs " shows only that anti flunked Venn diagrams on each of his many trips through third grade.
So Obama lied when he said he'd bankrupt the coal industry. Or did you flunk the Obama big ears test.
☪ "I care about wasted taxpayer money", superstupidass, who was okay with 0bama's Stimulus & $10 trillion debt

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nolaxride
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Post by nolaxride » Tue Apr 18, 2017 6:10 pm

barrysoetoro wrote:
Tue Apr 18, 2017 3:53 pm
thelionofthenorth wrote:
Tue Apr 18, 2017 2:52 pm
Conflating "mining jobs" with "COAL mining jobs " shows only that anti flunked Venn diagrams on each of his many trips through third grade.
So Obama lied when he said he'd bankrupt the coal industry. Or did you flunk the Obama big ears test.
Seeing as how we still have a coal industry, I'd say Obama did lie. He did not bankrupt the coal industry.
— "It will be revealed in the coming months that he was in fact born in Kenya" - 17 Nov 2016

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