7 Jun 2016 3:48 pm
LOL that GB thinks it was Obama who killed the coal industry and that the gas industry is dead.Henry_ » 07 Jun 2016 3:43 pm » wrote: I'm not a con, moron. I criticize him as I see fit, not your idiotic criteria.
The coal industry has been in trouble for years, as evidenced by the recent announcement by Peabody Energy, the world’s largest private-sector coal company, that it may have to file for Chapter 11 bankruptcy protection.
There are a number of reasons behind the demise of the U.S. coal industry, but the biggest factor is displacement of coal by natural gas in the power generation sector.
Despite the fact that renewables took the lion’s share of new electrical generating capacity installed last year, it was natural gas that seized the largest share of power production from coal utilities.
http://www.forbes.com/sites/rrapier/201 ... 3e5cb45281