Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. Political Debate Board Message Board

As evidence mounts that coal jobs aren’t coming

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 65629
(Total Views: 70)
Posted On: 01/12/2018 12:32:24 PM
Posted By: dw
As evidence mounts that coal jobs aren’t coming back, Trump’s false promises become more cruel
Automation and cheaper clean energy mean Trump can't restore coal jobs, no matter what he says.
JOE ROMM
THE COAL-FIRED PLANT SCHERER IN JULIETTE, GA, JUNE 2017. CREDIT: AP/BRANDEN CAMP
Despite President Donald Trump’s claim of a rebound in coal jobs, he can’t stop the hemorrhaging of more coal jobs in the coming years. Sadly, he can undermine U.S. leadership in clean energy, one of our greatest engines of high-wage jobs.

Bloomberg reported Wednesday that the recent coal “bump” — which began before Trump was even elected — is “over.” Coal plants continue to shutter around the country, American coal production rates are dropping below 2016 levels, and automation continues to penetrate the industry.

That makes last week’s Reuters story on how some coal miners, duped by Trump’s false promises, were rejecting retraining even more painful. For instance, the Appalachian Regional Commission, a partnership between states and the federal government to boost the local economy, was able to fill only 20 of 95 slots in a major project to teach laid-off miners in the region computer coding.

“I think there is a coal comeback. I have a lot of faith in President Trump.” That’s the explanation one 33-year-old son of a miner gave Reuters for why he ended up taking a coal-mining course at a federally funded career training center in Pennsylvania.


Energy experts give Trump the hard truth: You can’t bring coal back

Coal wasn’t killed by a political “war” — cheap renewables and fracked gas were the culprits.

“I am optimistic that you can make a good career out of coal for the next 50 years,” said another worker, Sean Moodie. He and his brother, who work in the natural gas industry, are also taking mining courses.

The only 50-year careers in energy that are being created at an accelerating rate today are in clean energy. Indeed, the wind and solar industries employ nine times as many people as coal. Tragically, Trump and the GOP are working hard to undermine the clean energy sector with their pro-pollution budget, regulatory policies, and even tax policies.

As a candidate, Trump railed against a political “war on coal” supposedly waged by President Obama, one Trump claimed was “killing American jobs.” On his first day in office, Trump deleted every climate change reference on the White House website, replacing them with an “energy plan,” which asserts he is “committed to… reviving America’s coal industry.”

But the reality, experts explain, is that the long-term trend can’t be stopped, for two basic reasons.

First, the shift away from coal both in the U.S. and worldwide is being driven by large-scale environmental and technology trends. The global fight to address climate change and urban air pollution is putting pressure on –and raising costs for — coal use. At the same time, cheap fracked gas and the ongoing collapse in solar, wind, and battery storage have made the alternative to coal much cheaper.


Forget coal, solar will soon be cheaper than natural gas power

Renewables to capture three-fourths of the $10 trillion the world will invest in new generation through 2040.

Second, even when coal production is flat or bumps up temporarily, there are no significant new permanent jobs. Between 1980 and 2015, coal production was actually up 8 percent, while coal jobs had dropped 60 percent (from 242,000 workers to well below 100,000) — because of productivity gains and, increasingly, automation.

Caterpillar is already introducing autonomous trucks and semi-autonomous drills. “You can keep those trucks running 24/7,’’ said Denise Johnson, Caterpillar’s head of resource industries. “You don’t have to take bathroom breaks.’’

“The way to compete is being more automated,” Rick Honaker, chair of the University of Kentucky’s mining program, told Bloomberg in June. A 2016 study by by Columbia University and Canada’s International Institute for Sustainable Development details the shift. The report projects automation will probably replace 40 to 80 percent of mine workers.

As for the recent coal “boom” Trump has been bragging about, Bloomberg noted Wednesday that it was a “bump” that began “in mid-2016, boosted by higher global prices that were mainly due to production cutbacks in China,” followed by Cyclone Debbie hitting some of Australia’s producers earlier this year, coupled with a modest rise in natural gas prices. “Coal production has since fallen below 2016 levels,” added Bloomberg.

“In private, coal company executives are deeply skeptical about the administration’s ability to alter market conditions,” explained the Washington Post last month after reviewing the companies’ documents acquired through Freedom of Information Act requests.


Trump’s budget sabotages America’s best chance to add millions of high-wage jobs

Trump guts clean energy funding as Beijing plans to invest $360 billion by 2020, creating 13 million jobs.

And, again, even if Trump could temporarily stop the decline in coal production, he can’t stop the hemorrhaging of more coal jobs in the coming years. It is cruel and counterproductive to give unemployed miners false hope about long-term or even medium-term job prospects.

It is equally cruel and counterproductive to try to undermine the soaring clean energy jobs sector, since, ultimately, that will hurt all Americans.



(0)
(2)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us