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 ...
congratulations Hussein. You are continuing to kill this country!
"As Peabody Energy Corp. warns that it may be the next casualty of cheap natural gas, coal watchers are increasingly scrutinizing gas drilling data to gauge when the downward spiral might end."
"Peabody, the largest U.S. coal producer, said Wednesday that it may need to file bankruptcy, joining rivals Alpha Natural Resources Inc. and Arch Coal Inc. Gas prices have tumbled 88 percent from their peak, decimating coal demand, and this year will be the first in records back to 1949 that gas will be the primary U.S. source of electricity, the Energy Information Administration says."
Mr. Peabody’s coal train just hauled it away.
The day this old thief croaks will be a good day for mankind. He spreads nothing but misery and death in his wake.
Cannot overlook the auxillary race angle.
Our racist bigot Sultan is attacking an industry where the employees losing their jobs are mostly white.
We may have two coal companies left in operation in my Southeast KY county. As companies have closed down so have other businesses, trucking companies, car sales, restaurants etc... it snowballs, as they don’t have any customers. All their former customers are on unemployment, filed for disability or have moved to find work.
Usually there is war when an ambassador is murdered. Note recent events.
Not only have the states never delegated to the feds, expressly via the Constitution, the specific power to regulate INTRAstate environmental issues, but a previous generation of state sovereignty-respecting justices had clarified that the neither have the states delegated to the feds the specific power to regulate intrastate commerce.
”State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added].” —Gibbons v. Ogden, 1824.
Also, patriots need to stop blaming everything on Obama. This is because the corrupt, RINO-controlled Congress has always had the constitutional authority to impeach and remove lawless Obama from office, but has stubbornly refused to do so.
In fact, it can be argued that Obama is Congress’s “useful idiot,” corrupt lawmakers keeping their voting records clean by letting Obama get away with stealing legislative branch powers to do all the unconstitutional things that Congress wants to do.
In other words, by keeping their voting records clean by letting Obama do their dirty work for them, corrupt lawmakers are able to fool low-information patriots into reelecting them.
So it can also be argued that Congress, not Obama, is wrongly interfering with intrastate commerce and environmental issues, forcing Peabody Coal to close its doors.
Remember in November !
If patriots elect Trump, Cruz, or whatever conservative they elect, they will also need to elect a new, state sovereignty-respecting Congress that will work within its constitutional Article I, Section 8-limited powers to not only support the president, but also put a stop to unconstitutional federal government interference in state affairs.
In fact, note that such a Congress will also probably be willing to fire state sovereignty-ignoring activist justices.
I hope you don't restrict this to voting, which has proven to be dysfunctional. Conservatives must "activate".
The Interstate Commerce Clause is the most abused section of the Constitution, and has been held up time and time again by the courts.
If one single lump of coal has ever crossed state lines, Congress has the power to regulate all of it. If one molecule of CO2 crosses state lines when it is burned, Congress has the power to regulate all of it. If coal is mined and used entirely within one state but potentially displaces coal that could have been shipped in from out of state, Congress has the power to regulate it (for proof see Wickard v. Filburn).
I agree with your argument, but your argument is not how the current state of law stands.
You are correct, voting will at best have minimal impact. There needs to be significant push back against their entire agenda, we have acquiesced for far too long against the thought control commissars.
Hillary Clinton: We’ll put coal miners out of business
http://money.cnn.com/2016/04/13/news/companies/peabody-coal-bankruptcy
This is what passes for a proud achievement for Obama....
This is really a sick situation!
If our side played the way the dems/libs/commies do, we would DEMAND they go without the resources of coal and oil, to make their actions match their words.
I can see it vividly, the left would be ALL over this IF it were reversed.
It’s stunning how ignorant the greenies are.
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