Great. Another soulless multi million dollar company made a profit. Were more than just the bare minimum of jobs created?
There's always a black cloud in the silver lining isn't there?
I thought jobs were the main reason for helping the coal industry since the free market has already decided it's a dying source of energy. Gas is, and will be a much lower cost and cleaner option..
That wasn't the free market and you know it...
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Yes a lot of it was market pressures. The easily accessed coal is mostly been extracted. What remains is harder and more expensive to extract and a lot dirtier. When you have plentiful (cheaper) natural gas available that's the market. Regulation only plays a small part in it.
Stop the propaganda coyote... I still remember my teacher in the early 1980s talk about how much coal Illinois has and all the regulations and tree huggers back then refusing to let us get at it.
Illinois coal’s last stand | Feature | Chicago Reader
Illinois coal is significantly cheaper to mine, per amount of energy content, compared to coal from West Virginia and the Powder River Basin in Wyoming, which were responsible for 11 percent and 40 percent of U.S. coal production, respectively, in 2014. Illinois had 6 percent of the nation's coal production that year.
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The one thing Illinois coal has going for it is our coal is easy to extract, and we have plenty of coal," says Gonet. "Appalachia has been aggressively mining coal for a long time, so the low-hanging fruit is gone. We have a lot of easy coal to extract, so our coal companies are going to be the low-cost producers. And in a shrinking market, the low-cost producer is going to win."
Illinois coal has become even cheaper and easier to extract with the advent of longwall mining, an underground mining technique in which huge machines essentially chew into coal seams, extracting the coal and letting the ground collapse behind them. This is much more efficient than the traditional "room and pillar" underground method, where miners left columns of earth and coal holding up the roof of the mine.
Once again the map
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