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<blockquote data-quote="bacha29" data-source="post: 2917732" data-attributes="member: 58386"><p>I&#039;ve spent my entire life living in coal country, the worst kind strip mining.&nbsp; I can tell you from first hand experience&nbsp;&nbsp; that mining for steam coal is finished. The easy stripping is gone and billions of dollars&nbsp; of raw material wealth have been hauled out of here and nothing put back leaving tens of thousands of acres of worthless back filled strip mined ground with the water table destroyed. Environmental regulation did not kill the coal business electric utility deregulation killed it. Take a look at the forward looking statements of US electric utilities and they&#039;ll all tell you that the odds of a new coal fired plant being built in the US are basically zero.&nbsp; Nat gas plants can be built quickly. cheaply where the grid wants them built and operate cleanly and efficiently. Construction of a new nat gas plant in the adjoining county has just begun. It will be done in less than two years and employ the grand sum of 14 people when completed. That&#039;s half the time to build and require less than one tenth the number of people to operate as compared to a coal plant. Even the nukes are having a hard time competing in today&#039;s deregulated electric utility market A pair of nukes by Lake Erie are going to be shut down if the operator can&#039;t find a buyer . Likewise, Exelon will shut down the two remaining nukes at Three Mile Island in 2019 because it failed to gain supply contracts when PJM (the grid) put them out for bid for the deregulated market. Trump&#039;s promise of a revitalized coal industry was part of a line of BS any person with an IQ above 75 knew it was a lie because they knew that the utilities conversion to&nbsp; new technologies&nbsp; and cleaner burning fuels was already well under way and there is no turning back. I don&#039;t claim to be an industry expert but I&#039;ve owned and traded electric utility stocks since 1978.</p></blockquote><p></p>

[QUOTE="bacha29, post: 2917732, member: 58386"] I've spent my entire life living in coal country, the worst kind strip mining. I can tell you from first hand experience that mining for steam coal is finished. The easy stripping is gone and billions of dollars of raw material wealth have been hauled out of here and nothing put back leaving tens of thousands of acres of worthless back filled strip mined ground with the water table destroyed. Environmental regulation did not kill the coal business electric utility deregulation killed it. Take a look at the forward looking statements of US electric utilities and they'll all tell you that the odds of a new coal fired plant being built in the US are basically zero. Nat gas plants can be built quickly. cheaply where the grid wants them built and operate cleanly and efficiently. Construction of a new nat gas plant in the adjoining county has just begun. It will be done in less than two years and employ the grand sum of 14 people when completed. That's half the time to build and require less than one tenth the number of people to operate as compared to a coal plant. Even the nukes are having a hard time competing in today's deregulated electric utility market A pair of nukes by Lake Erie are going to be shut down if the operator can't find a buyer . Likewise, Exelon will shut down the two remaining nukes at Three Mile Island in 2019 because it failed to gain supply contracts when PJM (the grid) put them out for bid for the deregulated market. Trump's promise of a revitalized coal industry was part of a line of BS any person with an IQ above 75 knew it was a lie because they knew that the utilities conversion to new technologies and cleaner burning fuels was already well under way and there is no turning back. I don't claim to be an industry expert but I've owned and traded electric utility stocks since 1978. [/QUOTE]

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