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  • mrbone2000 mrbone2000 Apr 2, 2013 4:44 PM Flag

    One Reason Why Sector is Struggling Again

    US Reconsiders Pacific Coal Exports as Consumption Rises in India, Japan

    "...At the same time, some US politicians are calling for more coal rules, specifically regarding coal exports.

    Democratic governors John Kitzhaber of Oregon and Jay Inslee of Washington want the government to consider denying permits for Pacific coal export terminals, according to Bloomberg.

    In a letter to the White House Council of Environmental Quality, the governors said that a federal review of the export facilities must look not only at local environmental impacts, but also at the greenhouse gas effects of American coal burned for power in places like Asia.

    That’s certainly the place to watch, as Asian demand continues to eat up slack in the global thermal coal market."

    These clowns masquerading as politicians will do everyrthing in their power to destroy our economy. Their logic is so flawed- don't they realize if the US isn't allowed to export more coal some other country will step in and do the job???? I feel sorry for any American that votes for these clownish "progressives."

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