ELEVEN COAL COMPANIES HAVE FILED FOR BANKRUPTCY SINCE TRUMP TOOK OFFICE

[tulc]

Eleven coal companies have filed for bankruptcy since Trump took office

Eleven coal companies have declared bankruptcy since President Donald Trump took office, including Murray Energy, which filed for Chapter 11 Tuesday, S&P Global Market Intelligence told Newsweek.

While Trump campaigned on a promise to revive the coal industry, the sector has declined during his presidency. Although the president has rolled back 85 environmental rules in an attempt to help revive business, according to The New York Times, a natural gas boom and the country's increasing use of renewable energy sources have stymied those attempts. Coal provided just 27.5 percent of Americans' electricity last year, according to the Energy Information Administration, down from nearly half just a decade ago.

The natural gas boom and the increasing capacity of renewable energy have contributed to coal's decline, a trend marked by a string of bankruptcies. Armstrong Energy Inc and Mississippi Minerals filed for bankruptcy in 2017. Mission Coal and Westmoreland Coal filed for bankruptcy in 2018. Trinity Coal filed for bankruptcy in March and was followed by Piney Woods Resources Inc in April, Cloud Peak Energy in May, Cambrian Holding in June, and Blackjewel and Blackhawk Mining in July. Murray, Cloud Peak and Revelation Energy/Blackjewel were among the nation's top 10 producers in 2018, according to the EIA.

tulc(thought this was interesting)

 

[Hank77]

Just to make it clear that nothing Trump did caused this to happen, but he made promises that he knew he couldn't keep. He made them to the same people who are now relying on Obamacare for their health coverage and he wants to take that away from them.

 

[JohnAshton]

Don't listen to Trump

 

[SkyWriting]

Eleven coal companies have filed for bankruptcy since Trump took office

tulc(thought this was interesting)

He says lots of things. Being an outsider with no experience, his chances were slim.
Still, people like the other choices less.

 

[tulc]

(snip)
Still, people like the other choices less.

uhmmm...when did almost 3,000,000 more people voting for "the other choice" somehow become: "liked the other choice less"?
tulc(never gets tired of correcting that "the people chose President Trump" myth, the vast majority of people chose Sec Clinton)

 

[jgarden]

ELEVEN COAL COMPANIES HAVE FILED FOR BANKRUPTCY SINCE TRUMP TOOK OFFICE

Investing in coal mining requires a long term commitment and those in the energy sector know that in a post Trump America, the emphasis will go back to providing cleaner energy sources!

This President is pandering to those voters in the American "rust belt," telling them only what they wanted to hear, rather than what they needed to know - the emphasis should be on retraining this workforce to adjust to the economic realities of the 21stC!

With few exceptions, the world demand for coal has been steadily declining throughout the later half of the 20thC , as the industrial infrastructure has been steady modernized, making the transition from coal to cleaner and/or renewable sources!

 

[SkyWriting]

uhmmm...when did almost 3,000,000 more people voting for "the other choice" somehow become: "liked the other choice less"?
tulc(never gets tired of correcting that "the people chose President Trump" myth, the vast majority of people chose Sec Clinton)

United States/Population
327.2 million (2018)

You can't say there is a problem with the political system since both sides use the same system. Trump was the one with the least political experience in getting elected. Shall we say the opponents were politically more stupid then? They got more votes and still couldn't win the election? Hardly a ringing endorsement.

 

[SkyWriting]

Don't listen to Trump

How many of those scientists enjoy central heating and air conditioning where they work and at home? Do they imagine that rising 3rd world countries will forgo heated homes?

Did the scientists mention, in the paper they signed, the carbon impact of the paper, the pen, and the ink for the paper that they signed?

If the paper didn't mention it, then they likely didn't think about it.

 

[Mountainmanbob]

Eleven coal companies have filed for bankruptcy since Trump took office

tulc(thought this was interesting)

Probably would have been
25 if Hillary would have been elected.

Even today no coal miner would vote for her.

Nor Biden, Warren or Bernie.

M-Bob

 

[JohnAshton]

How many of those scientists enjoy central heating and air conditioning where they work and at home? Do they imagine that rising 3rd world countries will forgo heated homes?

Did the scientists mention, in the paper they signed, the carbon impact of the paper, the pen, and the ink for the paper that they signed?

If the paper didn't mention it, then they likely didn't think about it.

How the scientists live(d) does not at all impact the work. The climate is changing and humankind affects it.

 

[JohnAshton]

Probably would have been
25 if Hillary would have been elected.

Even today no coal miner would vote for her.

Nor Biden, Warren or Bernie.

M-Bob

You are not paying attention. The coal miners are unhappy with Trump, severely.

 

[Mountainmanbob]

You are not paying attention. The coal miners are unhappy with Trump, severely.

Upset is one thing but, they won't be voting democratic.

After looking at the hot mess running who will?

M-Bob

 

[JohnAshton]

The coal miners are so upset they would vote for Obama instead of Trump.

The GOP is imploding across the country. God loves America, obviously, and will do great things when the GOP becomes a permanent minority party.

 

[Mountainmanbob]

when the GOP becomes a permanent minority party.

Most still don't see where socialism is better?
M-Bob

 

[JohnAshton]

learn what is socialism, first, m-bob.

 

[tulc]

(snip) Hardly a ringing endorsement.

2 points
1) I've been a Democrat for a long time so I know how often we've snatched defeat from the very jaws of victory so this wasn't some how surprising to me, disappointing but not surprising.
and
2) I correct it because Republicans seem intent on recasting the 2016 election differently then it actually was. They seem to want to paint it as some sort of "victory for the people" when clearly the people wanted someone else. If in Jan. of 2016 they'd remembered that and hadn't decided that "all those votes were illegal votes!" I think they could have avoided a lot of the problems they've had these past few years. But like you said:

Trump was the one with the least political experience in getting elected.

he thought he'd won the "war" by getting elected, if he'd been an actual politician he'd have known that was just the opening salvo of a 4 year long battle.
tulc(is celebrating it snowing here in Chicago!)

 

[SkyWriting]

They seem to want to paint it as some sort of "victory for the people"

Trump was not the first. I think Adam and Eve mentioned that.

 

[sdowney717]

Coal companies today, natural gas companies tomorrow, if the democrats get what they desire.

How many people use Natural gas for heating?
how many of us get our electric power from utilities burning Natural Gas?
Democrats promise to get rid of Natural Gas use, and that is no secret.

CAMPAIGN 2020: Dems want to kill oil and gas leasing. Here's why it matters

It is no secret that democratic policies will destroy the energy industry as we know it, and that our costs will necessarily skyrocket.

 

[JohnAshton]

It is no secret because it is not true, sdowney717.