market forces did not disrupt coal I'm going
Post# of 65629
Posted On: 03/15/2016 11:58:51 PM
Quote:
market forces did not disrupt coal
I'm going to go with a well researched article that looked at and identified multiple causes for the 'disruption' of the coal industry.
'Thanks Obama' just doesn't cut it.
Quote:
But even a Republican government would likely struggle to restore coal, as its decade-long decline is not merely the result of a battle plans drawn up in the White House. Rather, a combination of federal and state policies, the Sierra Club's hard fought and well funded push to kick coal, and competition from wind, solar and natural gas, which dropped 63 percent in price between 2007 and 2012 (the most recent year for which government data is available), have come together to devastate the sector.
"It's politically expedient for the Republicans to point the finger at a Democratic president, but the reality is that a massive grassroots movement combined with market forces have been the real drivers of change," said Mary Anne Hitt who heads the Sierra Club's Beyond Coal campaign.
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