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#1 In Penna. and Maryland I know of five coal power plants that have shutdown. Nothing to replace it. The power generated by the windmills in one section all goes to the University of Maryland. One plant has gone to NG in a nearby state. Very difficult to get permits to mine coal now also. Even well established mines. I have heard the Chinese are purchasing some mines and don't have to deal with all the red tape. That coal just goes to China.
Posted by Dale 2012-05-23 11:48||
#2 To put it into perspective, the Obama administration is closing an amount of coal generation capacity equal to the total amount of nuclear power generation in the US. This at a time when this administration is attempting to migrate transportation energy onto the grid by encouraging the adoption of electric cars.
This administration is worse than incompetent, it is malevolent. It is doing absolutely the worst possible things at the worst possible moments in order to maximize economic harm.
Posted by crosspatch 2012-05-23 12:27||
Posted by Bright Pebbles 2012-05-23 12:35||
#4 Was selling the mines a deliberate move to make that coal completely inaccessible in the future? Who sold the mines?
Posted by gorb 2012-05-23 12:51||
#5 Are you saying that China is buying Coal mines here in the USA and then shipping it to there - while not having to follow regulations here?
Posted by CrazyFool 2012-05-23 13:18||
#6 West Va miners are so disillusioned, they elected a Texas felon in the primary...wait until massive inflation across the board hits when the printing presses grind to a halt...there won't be any rich to tax. Unprecedented times ahead, I fear, even worse than the Babylonian siege Lamented by Jeremiah, where women ate their own children.
Posted by Omoluque Hapsburg8162 2012-05-23 14:11||
#7 His war on capitalism has emptied our pockets.
Posted by JohnQC 2012-05-23 15:31||
#8 CF, China has a glut of commodities at this time. They are delaying orders now. Like Japan of the past they are very sensitive to their raw material needs. So their push has been to acquire ownership of productive areas of the world. I am certain that they have political clout especially with this administration. Wavers and so on.
Posted by Dale 2012-05-23 15:55||
#9 Thanks Dale. I have no doubt that the current administration would sell anything - even deposits which have been marked 'off limits'. Didn't Clinton mark some vast deposit 'off limits forever' as national land or something (Utah?).
Posted by CrazyFool 2012-05-23 17:36||