Thread: General Politics Just saw my first Obama non-attack ad
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Old 09-23-2012, 09:49 AM   #14
Comrade Crapski Comrade Crapski is offline
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Join Date: Mar 2012
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Quote:
Originally Posted by mlyonsd View Post
Because they have decided green energy is more important than cheap energy, even though it will never, ever replace it. You have no problem with Obama killing coal? When our economy is heading toward a cliff?

How does that make us competitive in the future?

People letting Obama getting away with this can't see the forest thru the trees.
This is Obama's idea of job creation:

Coal producer Alpha Natural Resources said Tuesday it's cutting production by 16 million tons and eliminating 1,200 jobs companywide, including 400 with the immediate closing of eight mines in Virginia, West Virginia and Pennsylvania.

The mine shutdowns start Tuesday, while the rest of the layoffs will be completed by the end of the first quarter after Alpha fulfills current sales obligations, Chief Executive Officer Kevin Crutchfield said. In all, the layoffs amount to nearly a tenth of Alpha's 13,000-person work force.

Alpha said it is closing four mines in West Virginia, three in Virginia and one in Pennsylvania. They are a mix of deep and surface mines. All the mines being closed are non-union operations.

Alpha didn't immediately name the mines because they wanted to inform all the workers first.

Though some miners will stay on to seal the operations, most will either be reassigned or laid off immediately.

Support positions will also be cut proportionally as Alpha reduces its operating regions from four to two, Crutchfield said, and two executives will retire Nov. 1.

Crutchfield called it "a difficult day," but said the shutdowns and layoffs are a necessary part of ensuring Alpha survives in what has become a difficult U.S. market, where coal companies face a dual challenge: Power plants are shifting to cheap, abundant natural gas, while companies like his face "a regulatory environment that's aggressively aimed at constraining the use of coal."

"We think the actions we're taking are aimed at getting ahead of this on a proactive basis and getting set up for 2013 going forward," he said.

http://investing.businessweek.com/re...ANR&ticker=ANR
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