That had:Tero wrote:More Trump lies
https://news.google.com/news/amp?caurl= ... pt0-702698
The Numbers Don’t Back Up Trump’s Claim That The US Has "Picked Up 45,000 Mining Jobs."
That had:Tero wrote:More Trump lies
https://news.google.com/news/amp?caurl= ... pt0-702698
Inattentive knee-jerk reaction might be, 'well look, it's a bunch of "clean energy" industry boffins making up a narrative favorable to their business.' Such a response would be missing the mark, given that IHS Markit is definitely not in the pocket of clean energy, nor for that matter is Navigant.More coal plants are now projected to retire more quickly than experts thought a year ago, according to energy-industry analysts who gathered in Chicago Tuesday.
Three alternative energy sources—wind, solar and natural gas—are expected to divide up the spoils, they said at the American Wind Energy Association's Windpower 2018 conference.
“The real story I believe is in coal retirements," said Bruce Hamilton, a director in the energy practice at Navigant, which has modeled every coal plant in the U.S. and projected 73 gigawatts will retire in the next 10 years.
"That’s more than twice what we projected last year at this time. It’s more than we had two years ago when the Clean Power Plan was in the assumptions."
The projection changed in part because of more announced retirements, Hamilton said, "but more importantly, the fundamentals of the economics of coal have gotten worse, with costs going up, while the competition for coal—that is, gas, wind and solar—has all gotten cheaper. So it’s getting to the point where huge swings are forecast. You can see it will be throughout the decade."
Navigant's projection is more conservative than some:
"Our outlook includes about 100 Gigawatts of coal retirements," said Max Cohen, an IHS Markit analyst. "That’s about a third of the fleet."
Such a leader might have advisors like that, but I don't think that Trump does. His 'best people' are almost universally industry hacks and their their lackeys (primarily the blatant stooge Pruitt), as well as right-wing true believers who reflexively oppose the promotion of clean energy (because LEFTISTS!!!), except when perverted in the ridiculous buzzword 'clean coal.'
Well I said "listened to advisors who could've told him". I was implying proper advisors in the relevant field qualified to tell him, him being a more general him (should've said him/her) and not some hypothetical unwise man, how he/she... they should run a successful country based on our best scientific knowledge.L'Emmerdeur wrote: ↑Thu May 10, 2018 4:13 pmSuch a leader might have advisors like that, but I don't think that Trump does. His 'best people' are almost universally industry hacks and their their lackeys (primarily the blatant stooge Pruitt), as well as right-wing true believers who reflexively oppose the promotion of clean energy (because LEFTISTS!!!), except when perverted in ridiculous buzzwords like 'clean coal.'
The coal industry was rocked by two massive bankruptcy filings this week that have put nearly 2,000 jobs at risk in Virginia, Kentucky, Wyoming and West Virginia.
Revelation Energy LLC., a West Virginia-based company that employs about 1,100 people in West Virginia, Virginia and Kentucky, filed for Chapter 11 bankruptcy in the Southern District of West Virginia, the Lexington Herald-Leader reported. Cumberland, Kentucky, Mayor Charles Raleigh told the outlet that the company has already shut down its nearby mines and workers were told not to show up for work.
The move comes as Revelation’s parent company, Blackjewel LLC, shuttered two coal mines in Wyoming amid its own bankruptcy filing, leaving 700 workers unemployed, The Casper Star-Tribune reported. The two mines, Eagle Butte and Belle Ayr, are the fourth- and sixth-largest producing coal mines in the country.
In a bankruptcy filing Monday, Blackjewel owner Jeff Hoops cited declining demand for coal and increased consumption of renewable energy as causes for the company’s fall.
“The entire industry either has gone through, or is currently going through, a period of financial distress and reorganization,” Hoops wrote.
...
President Trump has not commented on the rash of recent coal producer bankruptcies, which have not been saved by his promises to save and revive the industry. Despite Trump's declaration that “coal is back” as recently as last year, U.S. coal consumption has fallen to its lowest level since 1978, according to the Department of Energy.
Since his election, 51 coal plants have closed and eight coal companies have filed for bankruptcy, CBS News reported.
Just last month, the U.S. Energy Information Administration revealed that renewable energy production had surpassed coal-fired generation for the first time in history.
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