Posted on 04/14/2016 4:24:31 PM PDT by Lorianne
Peabody Energy, the nation's largest coal miner, has filed for bankruptcy protection as a crosscurrent of environmental, technological and economic changes wreak havoc across the industry.
Mines and offices at Peabody, a company founded in 1833 by 24-year-old Francis S. Peabody, will continue to operate as it moves through the bankruptcy process. However, Peabody's planned sale of its New Mexico and Colorado assets were terminated after the buyer was unable to complete the deal.
The company's bankruptcy filing comes less than three months after another from Arch Coal, the country's second-largest miner, which followed bankruptcy filings from Alpha Natural Resources, Patriot Coal and Walter Energy.
(Excerpt) Read more at bigstory.ap.org ...
Another Obama campaign promise fulfilled.
All in line with the Obama economic plan to drive the country into bankruptcy.
I’m sorry, my son, but you’re too late in askin’...
In three years from now, coal will be the new gold. It will be bought up this year after bankruptcy sales for five cents on the dollar. Inflation will explode soon.
I hope the next President holds Obama and his minions criminally liable for their war against this country.
The Kenyan bastard. This is going to put a lot of Native Americans out of a job. I wonder if he’s still their boy.
“Paradise”
When I was a child my family would travel
Down to Western Kentucky where my parents were born
There’s a backwards old town that’s often remembered
So many times that my memories are worn.
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.
Well, sometimes we’d travel right down the Green River
To the abandoned old prison down by Adrie Hill
Where the air smelled like snakes and we’d shoot with our pistols
But empty pop bottles was all we would kill.
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.
Hey!
Then the coal company came with the world’s largest shovel
And they tortured the timber and stripped all the land
Well, they dug for their coal till the land was forsaken
Then they wrote it all down as the progress of man.
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.
When I die, let my ashes float down the Green River
Let my soul roll on up to the Rochester dam
I’ll be halfway to Heaven with Paradise waitin’
Just five miles away from wherever I am.
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 a darn good video someone put together.
bammy’s happy.
Peabody had one if the best, if not the best, corporate safety records. Also, they made money until recently.
love me some Prine!
This is the Paradise Steam Plant. I was a contractor there back in the late 60's. Froze my butt off
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