Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The layoffs are necessary because of the president's "war on coal," the statement said.
In its statement, UtahAmerican Energy blames the Obama administration for instituting policies that will close down "204 American coal-fired power plants by 2014" and for drastically reducing the market for coal.
"There is nowhere to sell our coal, and when we can, the market prices are far lower," the statement said. "Without markets, there can be no coal mines and no coal jobs."
Looks like there are some CEOs who want to do their part in making it look like Obama is a failure even if it means destroying the lives of hard working Americans.
The Republicans are starting to look pathetic in their attempts to reach for straws.
The funniest to me is how all these right-leaning websites and news organizations are claiming that Obamacare is causing all these restaurants to cause hours and cut health insurance.
I'm sorry, but it doesn't take an MBA from Kellog to know that the restaurant industry is already like this. Few get insurance, and most are part-timers.
Indeed, I have been reading similar articles over the past few weeks about the coal industries situation. It seems to me that, even if Mr. Romney had won, these coal owners would have fired these people anyway. Demand for coal is down, the 'easy' coal has already been dug up, and natural gas prices are way down.
I will note that I own several natural gas royalties. I had, prior to 2009 or so, been receiving around $700 per month total (up to $1000 when the prices went high for a bit). Now, I guess it averages around $100 per month.
I have yet to decide whom to blame. I believe I am circling in on that guy who invented fracking. If not for such innovation, then natural gas would remain at a higher level. Now, the country is awash in cheap, clean natural gas. Such is life.
The Union of Concerned Scientists, based in Cambridge, Massachusetts, said in its report that coal has become uneconomic at many power plants because of cheap natural gas prices and the cost of installing modern pollution controls on decades-old plants. Already, power producers have announced the closing of 288 generating units, representing 41 gigawatts of capacity, it said.
Depending on the price of natural gas and decisions by regulators, lawmakers and federal officials, the number of closed units could more than double, the group said. The announced and anticipated plant closings produced just 10 percent of all the nation’s electricity in 2009, it said. More plants would be shuttered if Congress enacts a tax on carbon, or natural gas stays cheap, the group said.
By ramping up the usage of natural-gas plants, the power supply “would be adequate in every region of the country,” the report said.
Yea, i've read similar articles that basically expose the coal industry for what they are. Anyone thinking that Obama had anything to do with this is out of his gourd. They would've laid these folks off anyway.
We're now seeing corporate titans basically telling their workers who to vote for under the threat of layoffs. Amazing how they get away with it.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
