So coal is the only thing still rolling down the rails? And 0bama wants to “cap and trade” coal out of the market...
Geez. I can feel how bad it is out there. I was in Texas recently and they seemed to be holding up better than most areas and Denver seemed decent.
The article says the 13-week moving average is still heading lower. That is pretty short-term which means it is all still going down. If things did start to pick up - which they won’t - energy prices would sky rocket and kill any recovery.
The energy markets know O and the Dems will do nothing to allow let alone encourage domestic energy production and exploration. i.e. they know we are hostages to the Saudis who bank roll O and the DNC plus Huff Po.
Until jobs come back, not much id going to change.
The biggest problem in the US is we no longer produce what we consume other than food.
Until people wake up and realize there fore mentioned, US job prospects are very dismal.....the manufacturing of consumables (furniture, textiles, toys, automotive parts, and electronics) has cost us tens of millions of jobs, not just the actual manufacturing jobs, but all the supporting technical and administrative jobs that goes with that manufacturing.
We are now seeing the cumulative effects of manufacturing outsourcing as goobermint policy has been to drop import tariffs, import cheap Asian goods as so those countries would finance US goobermint debt.