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Another coal giant files for bankruptcy
businessinsider.com ^ | 8/3/2015 | Akin Oyedele

Posted on 08/03/2015 9:30:43 AM PDT by rktman

click here to read article


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Thanks obie. Your plan is working out just fine.
1 posted on 08/03/2015 9:30:43 AM PDT by rktman
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To: rktman

not one mention of the regulatory changes? really? The writer is a fool.


2 posted on 08/03/2015 9:33:44 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: rktman

Our muslim pres. doesn’t care at all about the coal miners and their ability to make a living!


3 posted on 08/03/2015 9:34:25 AM PDT by Mr Apple (https://www.youtube.com/watch?v=RCrO2SPsYjI)
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To: Mr Apple

Bam-Bam cares about his masters, that House of Saud, making money from the sale of petroleum. That is all. Appalachian coal miners are Amreican. And, primarily, “white”. To Barack Hussein Soetoro 0dinga Soebarkah 666 0bama, they aren’t even people.


4 posted on 08/03/2015 9:37:12 AM PDT by NorthMountain ("The time has come", the Walrus said, "to talk of many things")
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To: rktman

I own stock in ARLP. No wonder it is down today, despite an upwards revision. ARLP is the only coal company worth looking at, it is solvent and an 11% dividend.

Can’t wait until Obama CO2 emissions cease.


5 posted on 08/03/2015 9:37:38 AM PDT by DaxtonBrown (http://www.futurnamics.com/reid.php)
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To: driftdiver

None of the new regs matter as long as the writer can keep his feet dry by enacting such. You know, the 200 ft sea level rise that’s predicted to happen by, oh, next week(?).


6 posted on 08/03/2015 9:39:08 AM PDT by rktman (Served in the Navy to protect the rights of those that want to take some of mine away. Odd, eh?)
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To: DaxtonBrown

“Can’t wait until Obama CO2 emissions cease.”

LOL!


7 posted on 08/03/2015 9:40:01 AM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: rktman

We have several coal industry clients, and a majority of them are closing down, many with bankruptcies.

King Putt said he was going to destroy the coal industry, and on that one point he was not lying.

King Putt’s war on the middle class knows no bounds.


8 posted on 08/03/2015 9:47:22 AM PDT by ought-six (1u)
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To: TexasRepublic

that is good!


9 posted on 08/03/2015 9:49:36 AM PDT by brivette (lol~)
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To: rktman
Lets get down to the important news...is Cecil the Lion still dead? How will this effect his cubs?
10 posted on 08/03/2015 9:51:21 AM PDT by 4yearlurker (Studies show that some people say experts agree!)
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To: rktman

I expect the coal resources to be sold off to China.


11 posted on 08/03/2015 9:55:50 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: rktman

I traded ANR a time or two in 2006, I think. They had massive reserves of met coal, coal used for making coke for steelmaking. At one time, IIRC, met coal was worth about 4x as much as “thermal” (burn it) coal.

It was $128.


12 posted on 08/03/2015 9:56:22 AM PDT by Attention Surplus Disorder
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To: Mr Apple

We may have to export all the energy-rich resource we have in great abundance to other countries with less critical attitudes about the use of coal.

Clean coal is possible, and it can be done with the technology we now have. By heating finely pulverized coal, we may recover all the volatile compounds contained in coal, from methane to tar, some of which form kerogen, which may be refined into any of a number of fuel products in their own right, and the end product, coke. The coke is fed into a heating chamber, where the temperature is raised to about 1,000 degrees F., and a stream of water is directed at the glowing coke embers, forming a stable mixture of Carbon monoxide and hydrogen gas, both excellent fuels in their own right, and these may be used to provide the necessary heat to drive the reaction. By using something called the Fischer-Tropf process, it is possible to go on to generate whatever amount of a wide variety of hydrocarbons are needed to maintain a reliable supply of these end products for commercial use, which may be used in plastics fabrication or as fuel in their own right.

When fully exploited, ever atom of carbon in the coal is turned into carbon dioxide, and in the process, much useful energy is extracted. Excess heat is dispersed to the atmosphere and hydrosphere (surface waters) of the planet, where it is radiated off into space while the face of the earth is turned away from the sun, a phenomenon that occurs every 24 hours, day after day, year after year, millennium after millennium. There is NO runaway heat accumulation.


13 posted on 08/03/2015 9:57:15 AM PDT by alloysteel (If Stupidity got us into this mess, then why can't it get us out? - Will Rogers.)
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To: Attention Surplus Disorder

Lucky the US doesn’t need a steel industry anymore. Oh, wait, what?


14 posted on 08/03/2015 9:59:44 AM PDT by rktman (Served in the Navy to protect the rights of those that want to take some of mine away. Odd, eh?)
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To: driftdiver; rktman; All

The wise commenter reads the whole article before saying the writer does not mention regulatory changes. Here is a quote: “In Alpha Natural’s statement, CEO Kevin Crutchfield noted that more stringent government regulation has pushed electric utility companies away from coal.


15 posted on 08/03/2015 10:01:20 AM PDT by gleeaikin
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To: rktman

That met coal was being shipped all over world, China was paying up huge for it, Hampton Roads in VA was a super busy port, because most (no, all) US-produced met coal is from the East. Western coal is lignite = crud. I think met coal was going for 8 times thermal coal at one point. This is what commodities do....they soar, they crash. Still, met coal is almost indispensable for steelmaking.


16 posted on 08/03/2015 10:05:23 AM PDT by Attention Surplus Disorder
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To: rktman

Our coal won WW2. It gave us the edge to save mankind.

How does that change taste?


17 posted on 08/03/2015 10:09:47 AM PDT by hadaclueonce (It is not heaven, it is Iowa. Everyone gets a "Corn Check")
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To: rktman

“Under my plan … electricity rates would necessarily skyrocket.”

“If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them,”

“This administration promised before the election that they were going to bankrupt coal,” Rep. John Shimkus (R-Ill.) said at a House Subcommittee on Energy and Power hearing,

“Well, we can’t say we weren’t warned,” Patterson wrote, charging that the greenhouse gas rule will “virtually destroy the coal industry, just as President Obama once promised he would do.”

Read more: http://www.politico.com/news/stories/0412/74892.html#ixzz3hlirnhFV


18 posted on 08/03/2015 10:10:27 AM PDT by Rebelbase ( NASCAR 2015: "Bootlegger to boot licker"--FReeper Crim)
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To: rktman

Anyone have thoughts on how this could effect electricity generation rates?


19 posted on 08/03/2015 10:12:14 AM PDT by Made In The USA (Yes Ma'am, I said I'd like three sides of bacon with my eggs. and bacon.)
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To: rktman
Another coal giant files for bankruptcy

I guess 0bama has kept at least one promise.

The workers who will be losing their jobs had better remember that it is the socialists doing this to them.

20 posted on 08/03/2015 10:48:01 AM PDT by The Sons of Liberty ("Deliver us from evil ....")
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