Coal co's were good stocks a few years ago. I think ANR actually made money from coal shales, which are a tougher type of coal to extract, but was profitable with oil > $100/bbl. Now, not so much, and the 85% stock decline shows that.
That said, the EPA regs aren't exactly trying to keep coal co's in business, considering they are hurting pretty bad already for the reasons you mentioned and more.
That said, the EPA regs aren't exactly trying to keep coal co's in business, considering they are hurting pretty bad already for the reasons you mentioned and more.
This message last edited by Praziquantel on 10/11/2012 at 03:58:09 AM
mining CEO fires 156 employees to make political point about obama re-election
- 09/11/2012 09:41:55 PM
683 Views
yes, there is a war on coal.
- 09/11/2012 11:29:27 PM
577 Views
i'm pretty sure he didn't lose so much money in two days it necessitated firing all those people
- 09/11/2012 11:35:05 PM
361 Views
Maybe the jobs were on the edge of viability for a while and he thought his BFF Romney would fix
- 09/11/2012 11:46:01 PM
371 Views
He had to downsize, and this was an opportune moment to make a political point
- 09/11/2012 11:55:37 PM
378 Views
Stock market prices are bullshit when trying to prove a war on coal
- 10/11/2012 03:44:27 AM
526 Views
*nods*
- 10/11/2012 03:57:47 AM
340 Views
Stocks may not be the best tool but the easiest to show on a graph 
- 10/11/2012 08:28:05 AM
415 Views
- 10/11/2012 08:28:05 AM
415 Views
*NM*
You know, Unions force people to attend stuff regularly too
- 11/11/2012 12:55:00 AM
379 Views
i've never heard of union members getting fired for not contributing to the favored candidate
- 11/11/2012 02:13:19 PM
333 Views
