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(Washington Examiner)   Remember when Obama promised to bankrupt the coal industry?   (washingtonexaminer.com) divider line 78
    More: Obvious, coal, bankruptcy  
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2349 clicks; posted to Politics » on 25 Jul 2012 at 11:59 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-25 10:47:48 AM
The company also cited weaker-than-normal demand for coal.
 
2012-07-25 10:51:42 AM

Jackson Herring: The company also cited weaker-than-normal demand for coal.


Can we repeat that, please?

The company also cited weaker-than-normal demand for coal.

/ah... that's what I thought you said
 
2012-07-25 10:54:05 AM
Didn't we have an article about this from a real news outlet that said the primary reason was because coal is way more expensive than natural gas, and everyone pointed out that an inferior more expensive product will always lose to a superior cheaper product because that's the nature of capitalism.
 
2012-07-25 10:55:27 AM

Aarontology: Didn't we have an article about this from a real news outlet that said the primary reason was because coal is way more expensive than natural gas, and everyone pointed out that an inferior more expensive product will always lose to a superior cheaper product because that's the nature of capitalism.


But if there were no regulations, coal would be practically free

/or something
 
vpb [TotalFark]
2012-07-25 11:02:01 AM

Aarontology: Didn't we have an article about this from a real news outlet that said the primary reason was because coal is way more expensive than natural gas, and everyone pointed out that an inferior more expensive product will always lose to a superior cheaper product because that's the nature of capitalism.


Coal is actually pieces of the American heartland. It is actually lumps of solidified patriotism personally wrested from the bowels of the earth by entrepreneurs.

Why do you hate America?
 
2012-07-25 11:15:06 AM
I live in coal country. It's doing just fine.
 
2012-07-25 11:23:55 AM

Jackson Herring: The company also cited weaker-than-normal demand for coal.


Fracking Obama!
 
2012-07-25 11:38:39 AM
Obama figured out that putting people out of work actually stimulates the economy. When people lose their jobs, the government gets to issue all those economy-stimulating food stamps and unemployment checks.
 
2012-07-25 11:42:53 AM
Remember that we have a huge surplus of natural gas that is safer and cheaper and better than coal?
 
2012-07-25 11:44:21 AM
No, I don't, because he never said that. One of the Interior (I think) dept. guys said something akin to that a while back, but he was called out for doing so.

Of course, I'm sure this has nothing to do with coal no longer being a high demand form of energy...
 
2012-07-25 11:44:34 AM

SkinnyHead: Obama figured out that putting people out of work actually stimulates the economy. When people lose their jobs, the government gets to issue all those economy-stimulating food stamps and unemployment checks.


To say that you got your economics degree from DeVry would be a terrible insult to DeVry.
 
2012-07-25 11:46:18 AM
the coal industry is run by lying scumbags: black lung returns to coal country
 
2012-07-25 11:50:35 AM

tallguywithglasseson: Jackson Herring: The company also cited weaker-than-normal demand for coal.

Fracking Obama!


Thanks alot Presidebt Fart

the joke is about natural gas you see
 
2012-07-25 11:52:34 AM

vernonFL: Remember that we have a huge surplus of natural gas that is safer and cheaper and better than coal?


Shhhhh, you're ruin the narrative.
 
2012-07-25 11:53:46 AM
Just to put the article in context, here is a pic of the author:
content.washingtonexaminer.biz.s3.amazonaws.com
 
2012-07-25 12:02:05 PM
content.washingtonexaminer.biz.s3.amazonaws.com

I said what what
In the coal mine
I said what what
In the coal mine

You want to bankrupt my coal mine?
Bankrupt my coal mine?
 
2012-07-25 12:02:23 PM

vpb: Coal is actually pieces of the American heartland. It is actually lumps of solidified patriotism personally wrested from the bowels of the earth by entrepreneurs.


So you are in favor of burning this symbol of patriotism? Are you going to start burning flags next?
 
2012-07-25 12:05:25 PM

tallguywithglasseson: Jackson Herring: The company also cited weaker-than-normal demand for coal.

Fracking Obama!


Nicely done!
 
2012-07-25 12:05:42 PM
Well, now that the companies can no longer blow up nor suffocate their workers and actually have to abide by safety rules, the only thing they can do is close up shop and go home because spending money to create a safer work environment is unmahrcun.
 
2012-07-25 12:06:29 PM
If God had wanted mountains to have tops he wouldn't have filled them with coal.
 
2012-07-25 12:06:51 PM
Seems everyone wants to blame something else for their problems.

Coal not in as demand as before? DAMN YOU SOCAILIST BASTARDS RUINING MY BUSINESS

You're book about farking around 5,000 men not sselling because no one wants to shell out money just to read about a nasty whore? DAMN PIRATES STEALING MY BOOK
 
2012-07-25 12:08:21 PM
This also wouldn't happen to be related to the fact that, this month, for the first time in over 100 years - coal is not the largest producer of electricity in the USA?

/this message brought to you by fracking and the Natural Gas Industry.
 
2012-07-25 12:10:34 PM
There's nothing more American than contracting a fatal disease so a corporation can profit:

http://www.webmd.com/lung/tc/black-lung-disease-topic-overview
 
2012-07-25 12:11:09 PM
It's also interesting to note, that in the past 3 months, the price of natural gas has risen 70%:
i2.cdn.turner.com
If historical price NG fluctuations are any indications, a bet on NG is a fools errand.
 
2012-07-25 12:11:10 PM
Natural gas is cheap, that is why coal is in the toilet.

Start boot strapping you farking whiners. BLAME YOURSELVES. PERSONAL RESPONSIBILITY. BLAH BLAH BLAH.

What is the Repubilcan manta? Oh that's right ITS NOT MY PROBLEM PUSSIES BECAUSE I GET TAX BREAKS FOR THE RICH.
 
2012-07-25 12:12:44 PM

Marcus Aurelius: Just to put the article in context, here is a pic of the author:


content.washingtonexaminer.biz.s3.amazonaws.com

Jesus. This guy will show up on an episode of To Catch a Predator within the next five years. Bank on it.
 
2012-07-25 12:13:34 PM

SkinnyHead: Obama figured out that putting people out of work actually stimulates the economy. When people lose their jobs, the government gets to issue all those economy-stimulating food stamps and unemployment checks.


You sound tired.
 
2012-07-25 12:15:29 PM
Um.... no? Maybe because it never happened except in your fever dreams.
 
2012-07-25 12:16:00 PM
Speaking as a mining engineer working 1600' below the ground half the day, I'm getting a kick out of these replies. Also; Virginia Tech grad, half my graduating class went into coal, etc etc.

Some things to also consider:
A lot of what West Virginia produces is metallurgical coal for steel. Steel production is down.
A lot of the mines in West Virginia are tapped out, close to tapped out, or are otherwise not that big. Coal has been in decline in the area for decades. The coal seems there just aren't that thick.
Demand for coal for power production is down, in part due to HOW FREAKING CHEAP NATURAL GAS IS.
Obama never promised to bankrupt the coal industry.
West Virgina still is the no.2 coal producer in the US and that only amounts to 12.5 percent of the coal mined domestically.
 
2012-07-25 12:17:33 PM

czei: There's nothing more American than contracting a fatal disease so a corporation can profit:



Agreed

www.washingtonpost.com
 
2012-07-25 12:20:58 PM
So on one thread topic the insinuation is "Obama is such an incompetent, feckless empty suit he has to run on racism", and the one just below it is "Obama masterminded the entire demise of the coal industry."

Gotta love the politics tab....
 
2012-07-25 12:22:27 PM

MrSteve007: It's also interesting to note, that in the past 3 months, the price of natural gas has risen 70%:
[i2.cdn.turner.com image 475x280]
If historical price NG fluctuations are any indications, a bet on NG is a fools errand.


I'm not sure I understand your perspective. The long term problem with cheap NG is the continued reduction in the number of NG drilling rigs due to low prices, the increased demand in NG, and the possibility of LNG exports.

While fracking makes gas cheap, after the recent 70% surge gas is around $3/million BTUs. At that price it is still not indicative that many of our nations wells are profitable. Some estimates say your average fracked well needs $8/million BTUs to be profitable.

Conversely, at $3/million BTUs, coal becomes competitive again with gas. From your imbeddded chart: Link

Oh, and these clownish CEOs weren't capitalized enough to weather the reduced demand and were shaken out of the market. They blew it and are trying to invent a scapegoat for their failures.

When the company succeeds, it's because of me. When the company fails, the circumstances were out of my control.
 
2012-07-25 12:23:03 PM
media.townhall.comcontent.washingtonexaminer.biz.s3.amazonaws.com

Super League of Derp
 
2012-07-25 12:23:39 PM

Satanic_Hamster: Speaking as a mining engineer working 1600' below the ground half the day, I'm getting a kick out of these replies. Also; Virginia Tech grad, half my graduating class went into coal, etc etc.

Some things to also consider:
A lot of what West Virginia produces is metallurgical coal for steel. Steel production is down.
A lot of the mines in West Virginia are tapped out, close to tapped out, or are otherwise not that big. Coal has been in decline in the area for decades. The coal seems there just aren't that thick.
Demand for coal for power production is down, in part due to HOW FREAKING CHEAP NATURAL GAS IS.
Obama never promised to bankrupt the coal industry.
West Virgina still is the no.2 coal producer in the US and that only amounts to 12.5 percent of the coal mined domestically.


How dare you use thought and rational explanations!!!!

SOCIALMSM!!!111one
 
2012-07-25 12:23:47 PM
Sounds to me like the natural gas industry did far more than Fartbongo and the EPA
 
2012-07-25 12:24:46 PM

Satanic_Hamster: Speaking as a mining engineer working 1600' below the ground half the day, I'm getting a kick out of these replies. Also; Virginia Tech grad, half my graduating class went into coal, etc etc.

Some things to also consider:
A lot of what West Virginia produces is metallurgical coal for steel. Steel production is down.
A lot of the mines in West Virginia are tapped out, close to tapped out, or are otherwise not that big. Coal has been in decline in the area for decades. The coal seems there just aren't that thick.
Demand for coal for power production is down, in part due to HOW FREAKING CHEAP NATURAL GAS IS.
Obama never promised to bankrupt the coal industry.
West Virgina still is the no.2 coal producer in the US and that only amounts to 12.5 percent of the coal mined domestically.


All of this. Also, coal mining jobs in WV are at an all time high under Obama. Living in the southern coal fields of WV, I am mystified by the effectiveness of propaganda in the last twenty years or so. The UMWA is a shadow of what i once was, coal companies pay less to miners and do less to keep them safe, and somehow the miners sing the praises of coal and coal companies while blaming Obama for every bad thing that happens in the industry.
 
2012-07-25 12:26:36 PM
The company also cited weaker-than-normal demand for coal.

But mainly Fartbama.
 
2012-07-25 12:27:05 PM
EPA's proposal to regulate coal combustion residuals ("coal ash") usurps states' previous role and exerts unprecedented federal control over the utility industry

First off - a coal mine is about as much an energy utility as a Taco Bell is a sewer utility. Both of them make the materials, but they ain't the end result.
Secondly - the EPA regulates disposal of industrial waste products? Get the fark outta here! When did that start?
Third: you aren't going out of business because of Obama. Power plants are buying of natural gas instead of coal because it's cheaper and cleaner. You didn't get pimp-slapped by the scary black man, it was just the invisible hand of the market giving you a fisting.
 
2012-07-25 12:31:36 PM

Satanic_Hamster: Speaking as a mining engineer working 1600' below the ground half the day, I'm getting a kick out of these replies. Also; Virginia Tech grad, half my graduating class went into coal, etc etc.

Some things to also consider:
A lot of what West Virginia produces is metallurgical coal for steel. Steel production is down.
A lot of the mines in West Virginia are tapped out, close to tapped out, or are otherwise not that big. Coal has been in decline in the area for decades. The coal seems there just aren't that thick.
Demand for coal for power production is down, in part due to HOW FREAKING CHEAP NATURAL GAS IS.
Obama never promised to bankrupt the coal industry.
West Virgina still is the no.2 coal producer in the US and that only amounts to 12.5 percent of the coal mined domestically.


Go to hell you commie Obamalover!
 
2012-07-25 12:34:58 PM
InmanRoshi

So on one thread topic the insinuation is "Obama is such an incompetent, feckless empty suit he has to run on racism", and the one just below it is "Obama masterminded the entire demise of the coal industry."

Gotta love the politics tab....


I had that typed almost exactly as a reply to another farker in another thread but didn't post it.

It can't be both.
 
2012-07-25 12:55:11 PM
Perhaps we should find some energy source that doesn't involve uprooting entire mountains?

Nah...
 
2012-07-25 12:57:14 PM
As if bankrupting the coal industry was actually a bad idea.

// J/K - May it die a natural death as a result of better, cheaper, cleaner forms of energy.
 
2012-07-25 01:06:07 PM

Rev. Skarekroe: Perhaps we should find some energy source that doesn't involve uprooting ripping the top off of, gutting, and then attempting to rebuild entire mountains?


FTFY
 
2012-07-25 01:12:25 PM
Saint Peter don't you call me cause I can't come....

/All these years later and so little has changed.
 
2012-07-25 01:12:31 PM
No. Now EABOD and DIAF.
 
2012-07-25 01:25:53 PM
media.cnbc.com
buggy whips
 
2012-07-25 01:30:00 PM

Marcus Aurelius: Just to put the article in context, here is a pic of the author:
[content.washingtonexaminer.biz.s3.amazonaws.com image 165x190]


Now there's a face that says "petulant closeted homosexual" to me.
 
2012-07-25 01:32:41 PM

discgolfguru: All of this. Also, coal mining jobs in WV are at an all time high under Obama. Living in the southern coal fields of WV, I am mystified by the effectiveness of propaganda in the last twenty years or so. The UMWA is a shadow of what i once was, coal companies pay less to miners and do less to keep them safe, and somehow the miners sing the praises of coal and coal companies while blaming Obama for every bad thing that happens in the industry.


Not entirely; I know a LOT of West Virginians and coal workers who vehemently hate the coal companies. They blame them for every injury, death, and vague misfortune that's even happened to them and their kin. But they'll also cry about anything the Federals do. Working in the coal mines is all they know. There's no flat land in the area, no real other industries. It's coal, railroad, or nothing.

ghare: Go to hell you commie Obamalover!


And, oddly, an employee pretty much said as much a few weeks back when this came up. Actual subject knowledge and not blindly blaming Obama for everything is a liberal trait, doncha know.
 
2012-07-25 01:48:36 PM
Step One: Make new regulations concerning coal power plants.
Step Two: ??????
Step Three: RACISM!
 
2012-07-25 01:53:48 PM

I alone am best: Step One: Make new regulations concerning coal power plants.
Step Two: ??????
Step Three: RACISM!


Yes, God forbid we ask coal power plants to evolve past 1970's technology to more modern technology that will create less emissions.

That's just crazy talk!
 
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