Remember Barack Obama's promise in 2008?
“So if somebody wants to build a coal power plant, they can. It’s just that it will bankrupt them because they are going to be charged a huge sum for all that greenhouse gas that’s being emitted.”Remember Joe Biden's brag in 2008?
“No coal plants here in America. Build them, if they're going to build them, over there. Make them clean. We’re not supporting clean coal.”Remember Hillary Clinton's attack in 2016?
“We're going to put a lot of coal miners and coal companies out of business.”Guess what?
Coal miners put the Democratic Party out of business in 2016.
And now, President Trump is making good on his promise to save the coal mining industry.
He is ridding America of unnecessary regulations that are designed not to protect the environment byt to push the Alt-Left energy programs that give billions in subsidies and cheap loans to Democratic billionaires.
From Fox News in Wise County, Virginia:
Prospects changed nearly overnight. President Trump had promised to do everything he could to lift the coal mining industry. Trump began to make good on his pledge last month when he eliminated the Stream Protection Rule, which had placed layers of regulations on the industry.
Although it will take a while before the coal industry recovers, the metallurgical or "met coal" markets – coal used to make steel – are already seeing a major upswing. The price for met coal is twice as high as it was a year ago, which is causing a boom in the coalfields.
The turnaround owes to more than just Trump. China cut its own production, which helps lift the met industry in the United States. But, many in this area say, Trump’s moves to lift regulations are stoking a rally they have not seen in years.
Ramasco Resources began producing its first coal mine in December and said it would open two more this year. In Pennsylvania, Corsa Coal also announced this month that it would begin mining operations beginning in May, according to Bloomberg.
“There’s definitely cautious optimism after years of being brutally beaten down,” Jeremy Sussman, an analyst at Clarksons Platou Securities Inc., told Bloomberg.Steam coal -- the coal used to produce electricity -- now competes with natural gas, which is again in abundant supply due to fracking.
What President Trump has done is eliminate the artificial barriers to competition for coal. Putting rocks in a gully is not polluting a stream. Not even close.
We will Make America Great Again.
Coal will be part of that.
And remember, there are 256 years worth of coal in reserve in America -- enough to last through 2283. And that's assuming no new technology will come along to make even thinner veins of coal viable for production.
"Trump the Establishment" is now on Kindle!
"Trump the Establishment" is also available in paperback.
This is the sequel to "Trump the Press," which covered the nomination. The original -- "Trump the Press" -- is available on Kindle, or in paperback on Create Space.
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