Divying up who is responsible for what is impossible. For simplicity sake it’s easier to give credit to Obama for things that happened while he was president and everything that happens during the Trump presidency to Trump.
Secondly Trump has created a much better environment for coal production by rolling back a couple regulations that directly pertain to coal and withdrawing from the Paris agreement
Edit : I’m specifically referring to the economy. Not everything
If plans to open the mine happened long before Trump was President it would be stupid to give him credit for it
Not really.
Plans can happen with very little expense and virtually no consequence.
Actions, on the other hand, get very expensive very quickly and need to be carried out with a high degree of certainty for their success.
You guys are funny. If it happened during the Obama admin, it was Bushs fault. It it happens during Trumps admin- It is to Obamas credit.
Sorry, but he doesn’t get 3 terms.
Not when it comes to matters like those 70 new coal jobs, for which a precise timeline is known.
Indeed. It will be interesting to see what, if anything, comes of it vis a vis increased coal jobs.
No.
These were strategic business decisions; often made months to years in advance; and often made on business projections independent of who is in the White House.
Also; every credible Energy Analyst seems to agree that Coal is suffering from cheaper Natural Gas; Technological Advances; and the overall forecast of companies like Exxon-Mobile (talk about ironies), whom feel that the future is in alternative Energy Sources…NOT “Obama regulations…”
I wonder how much companies go out of their way to avoid being associated with Trump and flat out lie due to the leftist media.
Avoid hurting their brand
It depends on the Company, raj…
Some try to avoid political activism and bias entirely…some dive right into the fray.
There is no one “across-the-Board” answer to that question for all companies.
Company decides to open mine in August. Trump gets sworn in in January. Trump gets credit. That doesn’t make much sense
After months to years of geo-analysis; environmental impact studies; business and profit projections;…
Sure, as discussed in previous threads, they take into consideration market trends, political climate, etc.
Its just serendipitous that a mine opens shortly after the president that declared war on the industry is out, and the candidate that promised to revitalize the industry is in.
Happy accidents all around.
And a Company doesn’t just go out and and start digging holes in the ground because Trump was elected.
No, they don’t. The surveys have been done for decades, and the demand from China for metallurgical coal has been rising.
I’m not doubting that it was a well thought strategic move, I’m just more on the side that says they were considering a change in the party of the presidential administration in that planning.
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"…I’m just more on the side that says they were considering a change in the party of the presidential administration in that planning…[/quote]
If they were so sure in August that Trump was going to win that they were willing to sign potentially ruinous (if they were wrong) contractual obligations, they should get out of the coal-mining business and into the political prognostication business.
Yes, but natural gas was made cheaper through regulations on coal. Tech advances are part of the history of the industry (and shale boom has helped natural gas) but natural gas was helped in large part by a slew of regs also.
Man, those things get cancelled and plans get mothballed so fast your head would spin. Believe me. I experienced it directly. One day we had a maintenance contract for a fleet of barges to transport coal, the next day- gone. What happened? Obamas second term.
Poof! Just like that. Honest injun.
Things are starting to get into that “Zeb-Zone”, guys…so that’s when I have to Tap-Out.
We’ll just have to agree to disagree that a highly specialized, technically advanced and complex Mine opened up and will begin operation because of the power of “The Donald”.
I’ll have to report in from the coal industry also. Orders for durable goods in coal mines are WAY up. Purchasing plans that were previously sidelined are now being put into motion. Consol is selling the 3 most productive mines in America because valuations are rising. Warrior Met Coal just went public after going bankrupt during the Obama years. They raised alot of capital. The whole industry is coming back to life.
Bob Murray is laughing through his oxygen tank at the Paris Accord pullout.
Yes. Why?
Because if you did, you’d know the things on the list that were “proved” in the testimony weren’t.