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World's largest private coal company declares bankruptcy
americanthinker.com ^ | 2/13/2016 | Rick Moran

Posted on 04/13/2016 8:04:08 AM PDT by rktman

The Obama administration's war on coal claimed its most significant victim as Peabody Coal, the largest private coal company in the world, filed for bankruptcy today, citing several factors, including "ongoging regulatory challenges."

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; Philosophy
KEYWORDS: ecowackos; energy; gangreen; gorons; greenfraud; greenscam; peabodycoal; waroncoal
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See, the economy is still booming and: "There's no segement of the economy that isn't better off than when I took office..." What's next? Peabody will be "charged" with denying climate change?
1 posted on 04/13/2016 8:04:08 AM PDT by rktman
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To: rktman

2 posted on 04/13/2016 8:05:15 AM PDT by Yo-Yo (Is the /sarc tag really necessary?)
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To: rktman

Obama’s plans are going according to schedule!


3 posted on 04/13/2016 8:05:18 AM PDT by Artcore (Trump 2016!)
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To: rktman

It’s all part of the Kenyan’s plan.


4 posted on 04/13/2016 8:05:26 AM PDT by rdl6989
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To: Artcore

You beat me by a few seconds.


5 posted on 04/13/2016 8:06:02 AM PDT by rdl6989
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To: rdl6989

You beat me by a few seconds.

_________________________________

We were all thinking the exact same thing! :-D


6 posted on 04/13/2016 8:07:21 AM PDT by Artcore (Trump 2016!)
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To: Yo-Yo

Obama will have hand cranked generators in every home in no time at all


7 posted on 04/13/2016 8:08:05 AM PDT by butlerweave
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To: rktman

Then the company came with the world’s largest shovel..
Mr. Peabody’s coal train done hauled it away...
John Prine gets the last laugh..


8 posted on 04/13/2016 8:08:40 AM PDT by ArtDodger
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To: rktman

Watch the Chinese step in and take over
After all those UMW guys have been digging coal for China in ever larger exports since 2009


9 posted on 04/13/2016 8:08:53 AM PDT by silverleaf (Age takes a toll: Please have exact change)
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To: rktman
Not to worry, George Soros will come in and buy the company at fire sale prices just like other coal companies.
10 posted on 04/13/2016 8:10:40 AM PDT by mountainlion (Live well for those that did not make it back.)
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To: rktman

Unless something changed unbeknownst to me, George Soros took a sizeable position in BTU several months ago, and still owns the shares even today.

I assumed he’s slated (by the NWO bunch) to pick up the ‘evil’ coal mines for pennies on the dollar, so as to make billions when coal finally does recover.

If coal returns stronger than ever, we’ll know this was the plan from the beginning.


11 posted on 04/13/2016 8:10:49 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: rktman

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
Mr. Peabody’s coal train has hauled it away.


12 posted on 04/13/2016 8:11:31 AM PDT by E. Pluribus Unum ("If voting made any difference they wouldn't let us do it." --Samuel Clemens)
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To: rktman
Wealth is, at its most fundamental level, measured by how much energy you can command. The more energy you have access to the richer you are, individually, as a business, as a society.

This effort to make energy less available, less reliable, and more expensive is at a level of societal insanity comparable to that which overwhelmed the Xhosa in 1856 when the prophetess of doom, Nongqawuse, convinced them that salvation lay in destroying all their cattle and crops. It will not turn out well.

Turning our backs on cheap, plentiful energy from any source is just as bad a move.

13 posted on 04/13/2016 8:12:10 AM PDT by Paine in the Neck (Socialism consumes EVERYTHING)
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To: rktman

A genius on Facebook this morning proclaimed this was great news, because it is time to move forward to green energy. Said genius doesn’t seem to think we might need to actually be able to replace energy produced before we trash our current producers. I truly wish there was some way to deny “dirty” energy to those that are so ignorant without depriving anyone else.


14 posted on 04/13/2016 8:14:20 AM PDT by Tammy8
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To: rktman

Sheldon Whitehouse would support that...


15 posted on 04/13/2016 8:14:29 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: rktman

Yet sadly, there are a lot of voters in coal country who will go to the polls and dutifully vote for the Democrat. The Democrats are literally destroying their way of life. The Democrats’ solution is to turn them all into Welfare cases rather than giving them jobs. Yet the voters will keep voting Democrat.


16 posted on 04/13/2016 8:15:23 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: butlerweave
Obama will have hand cranked generators in every home in no time at all

Plenty of power to run a smart phone which is all most people care about anymore.

17 posted on 04/13/2016 8:16:43 AM PDT by DungeonMaster (the devil walks about like a roaring lion, seeking whom he may devour.)
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To: mountainlion
"Not to worry, George Soros will come in and buy the company at fire sale prices -- "

Even Jim Justice, democrat candidate for governor in WV is buying back the coal mines that he sold to finance his purchase of the Greenbrier Hotel. Pennies on the dollar indeed. Part of Peabody's and other coal company bankruptcies may be designed to bust what is left of their union pension and healthcare obligations. If China's economy starts to recover, American coal will recover if costs are lowered. Obama has made exports in coal the only way to survive.

18 posted on 04/13/2016 8:26:24 AM PDT by buckalfa (I am feeling much better now.)
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To: rktman

19 posted on 04/13/2016 8:29:01 AM PDT by RightGeek (FUBO and the donkey you rode in on)
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To: rktman
...Peabody Coal, the largest private coal company in the world, filed for bankruptcy today, citing several factors, including "ongoing regulatory challenges....

Another knife in America's back. Despite what Washington tells us, 'Energy' supplies don't come from pipe-dreams and unicorn farts.
All this accomplishes is the further impoverishment of America, and stratification of the Ruling Class over the peasants (who eventually will no longer be able to afford their energy costs).

20 posted on 04/13/2016 8:30:42 AM PDT by El Cid (Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house...)
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