Skip to comments.World's largest private coal company declares bankruptcy
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 ...
Obama’s plans are going according to schedule!
It’s all part of the Kenyan’s plan.
You beat me by a few seconds.
You beat me by a few seconds.
We were all thinking the exact same thing! :-D
Obama will have hand cranked generators in every home in no time at all
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..
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
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.
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.
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.
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.
Sheldon Whitehouse would support that...
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.
Plenty of power to run a smart phone which is all most people care about anymore.
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.
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).
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