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Coal isn't great again...yet another Trump failure

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+13 more 
posted on Jun, 18 2018 @ 04:50 AM
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www.bloomberg.com...

Well this company might keep buying coal if the government pays them:

Columbus, Ohio-based American Electric Power Company Inc. said it is likely to seek approval from regulators to shut its three-unit, 1,600 megawatt coal-fired power plant in Conesville, Ohio if it doesn’t qualify for subsidies or “there are not other changes in the market,” company spokeswoman Tammy Ridout said in phone interview.


Here is another company giving Trump the one finger salute:

“I will tell you it is not a matter of if we are going to retire our coal fleet in this nation, it’s just a matter of when,” Ben Fowke, Xcel Energy Inc.’s chief executive officer, said June 6 at a utility trade group conference. The company announced later that day that it would retire two coal-fired units in Colorado and add thousands of megawatts of capacity from renewable power and natural gas.


But hey, what they still call the GOP runs all three branches of government. Surely they can make companies buy coal by legislation. Uh nope:


And there is doubt, too, that the administration’s use of rarely used emergency authority will withstand court challenges.

“We don’t think it’s legal,” Abe Silverman, head of regulatory affairs for power producer NRG Energy Inc., said in a phone interview. The Energy Department didn’t respond to a request for comment.


Well self-professed deplorables...how does it feel to be duped? Please don't burn your MAGA. That can be dangerous. Just toss them in the trash where they belong.



+19 more 
posted on Jun, 18 2018 @ 04:54 AM
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Got my Camo MAGA hat on as I type. They will probably close as coal but convert to natural gas. Fracking makes gas super cheap.

How does it feel to be used to hate people you don't know maybe the Dims were getting you ready to head to North Korea or some other war to hide their tracks????

HAPPY MONDAY!!! Trumps still President!!



+9 more 
posted on Jun, 18 2018 @ 04:58 AM
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a reply to: mikell

Coal is dirty, unsustainable, and extremely inefficient, it burns hot, and burns to fast, plus the amount of resources to get it out of the ground, and then from and to where it needs to go is not economical anymore.

Also, fracking is extremely dangerous process, it also shows that who ever needs to frack, means they are on desperate legs to get it. But hey, keep stacking up those tariffs, America will be self sufficient soon right?


+24 more 
posted on Jun, 18 2018 @ 04:58 AM
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I like the way you say “Another” of Trumps failures as if there’s dozens of them.

Why can’t you people just be happy the country’s doing ok for a change?


+14 more 
posted on Jun, 18 2018 @ 05:01 AM
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a reply to: gariac

Don't mean to ruin your 30 seconds of hate and invade your bubble but there are more key components to this article.

Such as:


“It’s pure economics. Gas prices are way down, renewable projects are getting much less expensive and they are beating other older technologies out in the markets.”


“I think from our perspective we will continue moving toward a clean energy economy,” AEP Chairman Nicholas Akins said in an interview. “When you look at the future and the investment potential and the risk associated with these investments by far the best approach is with natural gas, renewables and in fact technology."


To roughly translate, the economy has taken a massive upswing. Alternative energy sources are back into the fold and technology has advanced far enough that these businesses think they be able to finally turn a proper profit from obtaining and distributing energy by other means.



posted on Jun, 18 2018 @ 05:06 AM
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F’em

Let them shut down.

The customers should stop paying their bills.

Force them into bankruptcy and let the courts liquidate the assets to the highest bidder.



ETA wow I’m pretty slow on the phone, so the op is misleading?

Figures.

I heated my house with coal in CO. from Yampa Valley coal company.

3-4 tons a year, $35 a ton, delivered. 1990’s

80,000 btu burner. Serious heat.

My elec bill now, no heat, for 2 months, is $3,271.00 Hkd

Need coal fired A/C. Lol






edit on 6 18 2018 by burgerbuddy because: (no reason given)



posted on Jun, 18 2018 @ 05:18 AM
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a reply to: gariac

This makes no sense the article suggests some how shutting down old plants using coal effects anything. From a business standpoint only makes sense to continue using these plants they would need to be overhauled. And why would you spend money to keep a coal plant operating when you can change to natural gas. The US has so much natural gas prices are extremely cheap and wont rise until we switch europeans to American natural gas.

What this company is doing is trying to get the government to pay for plant renovations. Coal sales are increasing to countries like china and columbia.

The article also lies implying the closing of these plants will somehow cause coal to stop being mined. The demand for coal has continued to increase under Trump by 7.8 percent. Hes removed restrictions on exports and demand will continue to increase from asia and south America. The issue Trump has is the dependence on natural gas. If we switch our entire power grid natural gas pipelines become a major target. For example there are 5 main hubs for distribution. Destruction of any one of these would mean several states wont have electricity.

edit on 6/18/18 by dragonridr because: (no reason given)



posted on Jun, 18 2018 @ 05:22 AM
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originally posted by: IkNOwSTuff

Why can’t you people just be happy the country’s doing ok for a change?


That was the view of average german citizens in the 1930´s too.
And they were happy that Hitler created "jobs", build the Autobahn(for war preparation), as an example. People suddenly had some money in their pockets, could even go on vacations for the first time in their life. But people were blinded by that "messiah" because of some of his "good deeds", his supporters celebrated every stupid stuff that was created in the evil mind of that "messiah". And followed him blindly till the end, while the almost whole sane world warned from Hitler-Germany and it´s behaviour. Except those that played friend with Hitler because they wanted to make money.



posted on Jun, 18 2018 @ 05:22 AM
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a reply to: mikell

What's good for the goose is good for the gander. Yes, it's true, Democrats have as much respect for Trump as Republicans had for Obama.



posted on Jun, 18 2018 @ 05:23 AM
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a reply to: MiddleInsite

Oh, and coal, it ain't coming back.


+9 more 
posted on Jun, 18 2018 @ 05:24 AM
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a reply to: DerBeobachter

Oh jesus.



posted on Jun, 18 2018 @ 05:24 AM
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Coal is becoming great again. Yet another gariac failure ...



posted on Jun, 18 2018 @ 05:26 AM
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a reply to: IkNOwSTuff

Are you measuring that on the basis that the markets don't look as bad as they did, or are you basing that statement on the actual effect at street level, where the real people of a nation live and work?

Because none of the people I know in the US, have reported to me that real life, cost of living, cost of rent, energy, or any other damned thing has improved, and neither has the pay they can expect, even from full time employment. There is a great deal of catching up to do from the workers perspective, before anyone can truly say that America is doing well, because if the regular Joe's are not doing well enough to live and save on the work they do, nothing is actually better, nothing is improved or improving. Until the effects of a policy are felt at street level, all the paper shuffling means absolutely nothing.



posted on Jun, 18 2018 @ 05:29 AM
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a reply to: JinMI

Why should anyone stop JinMI?

MAGA folk aren't going to stop being fantastically wrong about everything in the world, so why should DerBeobachter stop saying things they don't agree with?

Its not a popular view around here, but there again, what is popular is not always right, and what is right is not always popular.


+7 more 
posted on Jun, 18 2018 @ 05:33 AM
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a reply to: TrueBrit

Some folks care about their credibility and integrity. The complete fallacy that is the Trump=Hitler is the sure fire way to plunge that credibility into the dirt.

Similar to this quote:



MAGA folk aren't going to stop being fantastically wrong about everything in the world,...


Demonstrably false as well.



posted on Jun, 18 2018 @ 05:37 AM
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originally posted by: TrueBrit
a reply to: IkNOwSTuff

Are you measuring that on the basis that the markets don't look as bad as they did, or are you basing that statement on the actual effect at street level, where the real people of a nation live and work?

Because none of the people I know in the US, have reported to me that real life, cost of living, cost of rent, energy, or any other damned thing has improved, and neither has the pay they can expect, even from full time employment. There is a great deal of catching up to do from the workers perspective, before anyone can truly say that America is doing well, because if the regular Joe's are not doing well enough to live and save on the work they do, nothing is actually better, nothing is improved or improving. Until the effects of a policy are felt at street level, all the paper shuffling means absolutely nothing.


Save it for when the fat lady sings, in 6 yrs.




posted on Jun, 18 2018 @ 05:42 AM
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a reply to: burgerbuddy

Which fat lady are you talking about?

Yellowstone? I mean, if that kicks off it won't matter either way.



posted on Jun, 18 2018 @ 05:43 AM
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a reply to: dragonridr




The article also lies implying the closing of these plants will somehow cause coal to stop being mined. The demand for coal has continued to increase under Trump by 7.8 percent. Hes removed restrictions on exports and demand will continue to increase from asia and south America. The issue Trump has is the dependence on natural gas. If we switch our entire power grid natural gas pipelines become a major target. For example there are 5 main hubs for distribution. Destruction of any one of these would mean several states wont have electricity.


You got a source for that 7.8% increase figure?

So you reckon Trump is considering pipelines are more of a ‘major target’ than the 15-20% we get from LWRs?

Annual Energy Outlook



posted on Jun, 18 2018 @ 05:44 AM
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a reply to: TrueBrit

Wages have increased 4.8 percent in 12 months. And do to low unemployment the estimates for the next 12 months is expected to double. This disadvantage is that is a huge indication of inflation so the feds going to have to work overtime to reign that in.



posted on Jun, 18 2018 @ 05:46 AM
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a reply to: JinMI


To roughly translate, the economy has taken a massive upswing. Alternative energy sources are back into the fold and technology has advanced far enough that these businesses think they be able to finally turn a proper profit from obtaining and distributing energy by other means.


You missed the point. Trump carried the Rust Belt by lying about coal. It was never clean or beautiful. Unemployed coal miners and steel workers, many of whom are now drug addicts, voted for him in the hopes that Trump would revive nineteenth century technologies. Those technologies are obsolete for a reason: they are no longer economically viable. The question, as usual, is: was Trump deliberately lying, or is he delusional? Meanwhile, the number of unemployed in the Rust Belt is dwindling as blue collar workers die of overdoses. MAGA?




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