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Murray Energy CEO Robert Murray weighed in on the increasing amount of regulations on the coal industry, President Obama and presumptive Democratic presidential nominee Hillary Clinton’s support of green energies.
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“Why she is supporting the elimination of coal is she’s getting millions and millions of dollars from the manufacturers of windmills and solar panels. That electricity costs 26 cents a kilowatt hour, coal-fired electricity costs four cents. It gets four cents a kilowatt hour, the wind and solar, from the government, the taxpayer. So she is getting a lot of kickback into her campaign and into the Clinton Foundation from the makers of windmills and solar panels – it’s called crony capitalism.
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Murray explained that it has been difficult keeping up with all the new regulations under the Obama Administration.
“The regulations are coming out faster from the Obama Administration than we can read them. In the last five years, the U.S. EPA alone [has published] 38 times the words in our Holy Bible.”
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“The coal industry is virtually destroyed. There are 52 bankrupt coal companies, there are only four of us that are not – 140,000 [miners have been let go]. We had 200,000 miners before Obama, we now have 60,000.
Just wanted to highlight an Obama "success" story. Seems like his successes always cost Americans something.
. This year it will drop 8.9 percent to $64, the lowest since 2006, based on the median of five analyst estimates compiled by Bloomberg from UBS Group AG to JPMorgan Chase & Co.
We need to wean ourselves off of the government teat too so should we just eliminate all welfare programs?
The "invisible hand" of capitalism is what is killing coal -- not Obama. As oil and gas become cheaper to use, end-users are switching electrical generation from coal to oil and gas. When one burns gas, it is not only cleaner to burn but the utility doesn't have to haul millions of tons of ash away.
What coal advocates want is the government to intervene to support their dying industry.
The "invisible hand" of capitalism is what is killing coal -- not Obama. As oil and gas become cheaper to use, end-users are switching electrical generation from coal to oil and gas. When one burns gas, it is not only cleaner to burn but the utility doesn't have to haul millions of tons of ash away.
What coal advocates want is the government to intervene to support their dying industry.
oh please, like all those regulations the Obama admin put on them has no effect...
The "invisible hand" of capitalism is what is killing coal -- not Obama. As oil and gas become cheaper to use, end-users are switching electrical generation from coal to oil and gas. When one burns gas, it is not only cleaner to burn but the utility doesn't have to haul millions of tons of ash away.
What coal advocates want is the government to intervene to support their dying industry.
What are you talking about? This was one of Obama's stated goals. Are you saying the free market succeeded where Obama failed? Wake up from your slumber.
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