Well, your ability to guess why the Murray Energy Corporation today announced that it is closing a mine in Brilliant, Ohio will be largely dependent on whether you rely on local news or not. If you’re just paying attention to local news… you won’t be told at all why a coal mine that employed 239 people at its peak laid off 24 of its remaining 56 employees today, with the remaining to be (hopefully) integrated into the company elsewhere; in fact, you won’t even be told that the mine employed that many people directly. But if you go to the company’s own press release… yeah. That’s a different story.
Regulatory actions by President Barack Obama and his appointees and followers were cited as the entire reason. “Mr. Obama has already destroyed 83,000 megawatts of coal-fired electricity generation in America,” said Mr. Michael T. W. Carey, Vice President of Government Affairs for Murray Energy. “Electric prices in the recent PJM Interconnection monthly auction were bid up 800 percent (8 times) for 2015-2016 because of this,” he added. Continue reading Brilliant, Ohio coal
plantmine[*] closes: guess why?