always good to see your topics...thanks
While I know natural gas prices are affecting the demand for coal, I hope the rest of the article managed to mention the Obama Administration’s War on Coal as another important element affecting the price.
Given that the news side of the WSJ is about as Liberal/Leftist as any other MSM news organ, it would not surprise me if it did not.
The 0bama admin will quickly put a stop to the peasants using this cheap energy.
Gas is selling for around $3.60 MM.
Coal can be mined and sold profitably for this figure.
“Abundance Aids Consumers ... States Feel Tax Hit”
Sounds like win-win to me
It sounds like they're crying over nothing. Look at the above, they're relocating the workers to other areas. This isn't a bad thing. It isn't like they can get mexicans to do this work for minimum wage. The modern gas well driller and coal miner is a skilled individual who makes a decent salary. That's the tragedy of 0bama's war on fossil fuels. He's killing off solid middle class jobs.
Just keep in mind, it wasn't cheap labor and expensive energy that built the country, it was cheap energy and (relatively) high cost labor, coupled with low taxes.
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