Hillwilliam
Posts: 19394
Joined: 8/27/2008 Status: offline
|
quote:
ORIGINAL: papassion quote:
ORIGINAL: Hillwilliam quote:
ORIGINAL: papassion From what I've seen, there is always some "reason" given for the higher prices like a refinery fire, transportation problems, regulations, etc, causing a "shortage" of the final product. I'm glad you put 'reason' in quotes. Many times 'reason' means Excuse. You hear all the time that the oil companies haven't been allowed to build a refinery is several decades and that's why gas is expensive. If you look at facts, you will see that one of the reasons is that they haven't even applied to build one. In fact, some refineries have been shut down in order to artificially keep the price of their products high. Someone said to invest in natural gas futures to make money. Ever thought that it is because plants all over the nation have shifted from burning coal to natural gas to power their turbines? Natural gas at the present price produces more Kwh/dollar than coal. This winter, a lot less coal will be purchased regardless of the temperatures because most of the power plants will be burning natural gas so a lot more will be sold. A lot more sold is a t good indicator of more $ to be made. If the price goes up, there are massive stockpiles of coal waiting in the wings and the natural gas will just sit in storage unsold. That will keep the price of fracked natural gas low for the forseeable future. To add an ironic byline, coal mine owners are blaming the Obama administration and environmentalists for "Costing jobs and trying to put them out of business". It's not the administration and environmentalists killing the coal industry. It's big oil killing the coal industry. The Obama administration is NOT to blame for trying to kill the coal industry? Do you have different News broadcasts in your area of the country? Because on the newscasts in PA, Obama can clearly be seen and heard saying, "they can build a coal power plant but I'll bankrupt it." That's why the coal unions here campaigedgainst Obama. Obama also said if coal is o longer burned, he realizes, electric rates will skyrocket. Surely Obama realizes everything he says is on tape and on the record. How can he be stupid enough to say things that completely contradict what HE said? I can understand small shit, but on major issues, he forgets? Can't wait for Aljazera (or however its spelled) to get on the air. I don't think they are going to be Obama's lapdogs like MSNBC, NBC, etc. When did he say that? Before the fracking boom maybe? Got links? What IS killing the coal industry is its lack of ability to compete with big oil and their new supplies of natural gas. As for building a coal plant and bankrupting it, when power plants are built, they are built to be flexible as to which fuel they use. This means that if gas is in short supply or expensive, they burn coal and vice versa. IF he actually said that, he was speaking in ignorance (wouldn't be the first time neh?) ETA Here it is 1-17-08 well before the fracking boom http://newsbusters.org/blogs/p-j-gladnick/2008/11/02/hidden-audio-obama-tells-sf-chronicle-he-will-bankrupt-coal-industry if you look you will see that he didn't say I will bankrupt them, he predicted they would be bankrupted by cap n trade and we know how that went. I'll stand by the assertion that the present problems of the coal industry are because they can't compete with big oil.
< Message edited by Hillwilliam -- 8/28/2013 2:16:06 PM >
_____________________________
Kinkier than a cheap garden hose. Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio. Don't blame me, I voted for Gary Johnson.
|