What impact will Obama now have on Kentucky Coal Industry?

[HT721]

Just curious what people think now that he is elected, will he really try and bankrupt one of our states largest sources of income?

[Aiden Seamus]

Yes, and he's going to come to each and every one of our houses and personally kick all of our puppies. He might even fart in a crowded elevator too. :eek:

[titletownclown]

There are WAY too many Senators and Reps in coal-producing states whose careers are on the line to ever let Obama succeed with his threats regarding this issue. PA, OH, KY, VA, WV, etc etc

[HT721]

Yes, and he's going to come to each and every one of our houses and personally kick all of our puppies. He might even fart in a crowded elevator too. :eek:

 

He's who said he would bankrupt it, not I.

[Hoot Gibson]

Yes, Obama and the Democrats will do serious damage to the coal industry. The coal states do not have enough clout to stop liberal Democrats to stop Obama. Non-coal states stand to land lots of jobs from alternative energy boondoggle projects at coal's expense. If Obama wants to cripple the coal industry, then he will do it.

[Hoot Gibson]

Yes, and he's going to come to each and every one of our houses and personally kick all of our puppies. He might even fart in a crowded elevator too. :eek:

As TTC said, Obama said that companies that choose to build new coal plants would go bankrupt because of his cap and trade program. Not only that, Obama promised that the cost of electricity would skyrocket as a result. His words. Note mine.

[RowdyRedRam]

It has been said that coal has been both a blessing and a curse to areas dependent on it. Perhaps a decline in this industry leads to development in a more diverse economy for these regions.

[Hoot Gibson]

It has been said that coal has been both a blessing and a curse to areas dependent on it. Perhaps a decline in this industry leads to development in a more diverse economy for these regions.

Coal accounts for 50 percent of the electricity generated in this country. There is no short-term substitute for it. To my knowledge, there are no coal-fired plants using the kind of carbon sequestration process that would be necessary to eliminate so-called greenhouse gases. As Obama said, if new coal-fired plants are made cost-prohibitive, energy costs will skyrocket and Americans will be forced to sharply curtail usage by turning out the lights. Coal producing areas will be among the earliest and hardest hit by the combination of high utility bills and job losses.

[HT721]

It has been said that coal has been both a blessing and a curse to areas dependent on it. Perhaps a decline in this industry leads to development in a more diverse economy for these regions.

 

Doubtful, for generations now the only thing Washington has done to help this region is throw money at it. And I know up front that sounds great but the money has been given with no guidance, direction, or purpose and therefore it has done very little to actually help the area and created generations of people dependent on government handouts.

[Hoot Gibson]

Doubtful, for generations now the only thing Washington has done to help this region is throw money at it. And I know up front that sounds great but the money has been given with no guidance, direction, or purpose and therefore it has done very little to actually help the area and created generations of people dependent on government handouts.

:thumb: Exactly. The war on poverty has perpetuated poverty in Appalachia. The best thing to do to bring prosperity to the area would be to reduce or eliminate corporate taxes to create free enterprise zones. Tort reform would also be a big help to remove the fear that many companies have of doing business in the area.

[big royal daddy]

I work on the Ohio River on a tow boat that is one of the primary coal haulers on the river. It will be late in Obama's 2nd term if not his predecessor after his 2nd term(if re-elected) before all of his green technology is comming on line. If there are any nuke plants approved it will be at least 20 to 25 yrs. before they are completed and running. He cannot do without coal and if he and his far left helpers(Pelosi, Reid, Frank, etc.) try messing with this industry they will only get 1 term. The coal companies carry alot of clout along with the river transportation and trucking and rail industry. They might try to tinker and mess a little, but a full attack on the coal industry will not imvho will not happen. Also every power plant from Pittsburgh to Paducah have been building new stacks and scrubber technology to meet the new air pollution standards. I voted for the man, but he has more pressing issues than to deal with than the bankrupting of the coal industry.

[SvFan4life]

The coal industry will not go bankrupt, but if coal industries are not willing to spend a few dollars to upgrade their technology then yes it will hurt them a lot.

[rockmom]

Just an "outsider" observation, but hasn't the coal industry had to be dragged, kicking and screaming into several other things? Safety comes to mind. Labor practices comes to mind.

[UKMustangFan]

The coal industry will not go bankrupt, but if coal industries are not willing to spend a few dollars to upgrade their technology then yes it will hurt them a lot.

 

So when listening to Obama, you believe the things that he says that you agree with, but don't believe it if you disagree with him?

[SvFan4life]

So when listening to Obama, you believe the things that he says that you agree with, but don't believe it if you disagree with him?

 

No...The way people are taking it is that HE is going to bankrupt them... He is saying they need to upgrade their technology, if they don't it'll cost them a lot more and will bankrupt them...Why shouldn't the coal companies upgrade? They can afford it and they probably need too.. It's like any technology, after a certain period of time it needs to be upgraded, and if it isn't then it will become obsolete.