Market Forces Declare ‘War On Coal’
With the U.S. presidential debates already underway so too are the advertising campaigns — especially in coal country, where the anti-Obama sentiment is in full stride among nearly all declared candidates. Their message: an unabated ‘War on Coal’ continues, which fails, however, to tell the whole story.
Some major coal operators have recently declared bankruptcy, with others in dire straits. While President Obama’s policies to restrict air pollutants and specifically, carbon releases, have not helped their cause, their woes are in large measure because of the availability of cheaper and cleaner fuels, and having made some bad bets.