Looks like Obozo wrote off West Virginia a while back.
Alpha Natural Resources announced Tuesday its plan to cut the
positions and scale back coal production by 16 million tons annually —
which would result in eight mine closings in Virginia, Pennsylvania and
West Virginia. Four-hundred workers will be laid off immediately, though
the company reportedly may try to re-hire some of the 1,200.
Kevin Crutchfield, the company’s chief executive officer, said the
lay-offs and the closings of the non-union mines are the result a
difficult market in which power plants are switching to abundant,
less-expensive natural gas and “a regulatory environment that’s
aggressively aimed at constraining the use of coal.” --Owens quoting Fox News
Clearly, natgas is a better buy, for the time being. But things have a habit of reverting to the mean, and Obozo's war on coal will prove costly.
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