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Peabody Energy Corporation Message Board

  • happyperson_1 happyperson_1 Jun 25, 2013 9:17 AM Flag

    Do not think it is the end of coal but?

    BTU like other coal companies are have to slow their mines as they are losing money so they need to lay off workers. Obama's working meeting on coal today will have little immediate results. If he attempts to restrict the coal mines it will be tied up in the courts for years before it goes into effect. What it does mean is that at the end of the day the future will include less coal companies not more. There is a more serious glut of coal than the natural gas. These coal companies are losing money and some a lot of money. The sooner some of these companies go under the better. I know that is harsh but it really is no different than what Bernacke and Obama are doing with the QE. We eventually will have to pay. Sure this is keeping the banks and rich going at their incredible opulent life style but it is not helping the average individual. In fact I predict we will have civil unrest down the road because the Fed is going to continue QE which will keep the luxury stores making lots of money and the dollar stores doing well but the large middle class will be forced to Dollar it. Sorry for such negativity but enjoy what you can control which is not the stock market. GLTA

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