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Walter Energy, Inc. Common Stoc Message Board

  • mikeedgar mikeedgar Jun 26, 2013 12:23 PM Flag

    Econ 101 for Mr. Obama

    Mr. Obama tells the world that the US is going to use less and less coal. Lower demand from the US means lower prices for everyone else. So what do you think other countries are going to do? Invest in more "green" energy to make Mr. Obama happy? No, they'll build more coal fired plants because their costs just went down.

    Mr. Obama says he is not going to give aid to help build foreign coal power plants. Does China care? They aren't getting aid from us; they keep us from going bankrupt by buying our debt.

    So the net impact for the US is higher energy costs, higher unemployment, and a very thankful China.

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    • Obama and his environmental elite are out to destroy every last industry along with the jobs and futures that built a strong nation and made this THE world power. Does anyone think for one minute steel, mining, coal, chemicals, wood products useage is declining in the world? China, India, Middle East, etc., have got to be licking their lips as they watch these people slowly destroy America's future. Using "green" and "climate change" as a fake cover - Really? Think those countries are environmentally friendly? We are the greatest nation on earth at solving pollution issues and Keeping those industries here would not only assure the processes would be done correctly, but provide good jobs now and for our children.

    • Obama the dictator just gave a huge competitive advantage to the rest of the world. And he knows it.

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