Mining slids 7% in the first half of 2018 in West Virgina

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sanfordandson
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Mining slids 7% in the first half of 2018 in West Virgina

Post by sanfordandson » Thu Jul 05, 2018 10:50 pm

https://finance.yahoo.com/news/state-am ... 13292.html
No place tells the story of America’s coal markets better than West Virginia right now.

According to U.S. government estimates released Thursday, mining in the northern half of the Mountain State -- the part known for its bounty of thermal coal, used to fuel U.S. power plants -- slid 7 percent in the first half of 2018 from year-earlier levels. Meanwhile, output from West Virginia’s southern coalfields -- known for massive reserves of metallurgical coal, the kind used in steelmaking -- was up, by almost the same percentage.

The contrast speaks to the dynamics that have dominated U.S. coal markets for months now. The export market for U.S. coal remains strong, thanks to rising demand from Asia and strong buying from Europe. But that’s been more helpful to metallurgical coal miners since three-quarters of those tons get shipped overseas and just a fraction of thermal coal lands abroad.


Despite the Trump administration’s efforts to bolster thermal coal demand from U.S. power generators, the thermal market has continued to shrink as coal plants get beat out by cheaper natural gas-fired generators and renewable energy sources.

“Exports are the saving grace,” said Andrew Cosgrove of Bloomberg Intelligence. “If you’re a thermal coal producer, you’re not going to get any help from the domestic market.”

Overall, U.S. coal output fell 2.3 percent through June 30 compared with a year ago
Another broken trump promise.... [-X

gmrocket
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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by gmrocket » Fri Jul 06, 2018 3:54 am

The promise was to get the coal out of the ground.

Is it better to ship it over seas or use it here ? Simple answer ...ship where they need it, we don't.

That article means nothing...coal was down 2.3%???? Hahaha SHOCKING!!!!

It's called exporting...look it up

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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by RevTheory » Fri Jul 06, 2018 5:05 am

Another yahoo article... :roll:

mk e
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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by mk e » Fri Jul 06, 2018 7:44 am

gmrocket wrote:
Fri Jul 06, 2018 3:54 am
The promise was to get the coal out of the ground.

Is it better to ship it over seas or use it here ? Simple answer ...ship where they need it, we don't.

That article means nothing...coal was down 2.3%???? Hahaha SHOCKING!!!!

It's called exporting...look it up
Total coal production is down, again. Look it up.

Thermal coal, for burning is down and very little is exported because it's too expensive to ship it.

Metallurgical is exported and that's up 5-10%, but its exported to make the steel Rump just put tariffs on so the expectation is it will slip a bit as the year progresses.
Mark
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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by engineczar » Fri Jul 06, 2018 8:13 am

The other way to look at it is that coal is up 100% compared to how it would look under Hillary and the 3rd term of Obama.

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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by j-c-c » Fri Jul 06, 2018 9:17 am

gmrocket wrote:
Fri Jul 06, 2018 3:54 am
The promise was to get the coal out of the ground.

Is it better to ship it over seas or use it here ? Simple answer ...ship where they need it, we don't.

That article means nothing...coal was down 2.3%???? Hahaha SHOCKING!!!!

It's called exporting...look it up
or more currently "winning", as facts don't matter in the new DT doublespeak world.

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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by gmrocket » Fri Jul 06, 2018 9:21 am

j-c-c wrote:
Fri Jul 06, 2018 9:17 am
gmrocket wrote:
Fri Jul 06, 2018 3:54 am
The promise was to get the coal out of the ground.

Is it better to ship it over seas or use it here ? Simple answer ...ship where they need it, we don't.

That article means nothing...coal was down 2.3%???? Hahaha SHOCKING!!!!

It's called exporting...look it up
or more currently "winning", as facts don't matter in the new DT doublespeak world.
Yup, the right has finally learned to play the game the lefties have honed to perfection for many years..I thought I would feel ashamed and guilty...nope.

Now the right has to learn how to be cool while getting it done,, like the cool lie factor.
Last edited by gmrocket on Fri Jul 06, 2018 9:24 am, edited 1 time in total.

j-c-c
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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by j-c-c » Fri Jul 06, 2018 9:23 am

gmrocket wrote:
Fri Jul 06, 2018 9:21 am
j-c-c wrote:
Fri Jul 06, 2018 9:17 am
gmrocket wrote:
Fri Jul 06, 2018 3:54 am
The promise was to get the coal out of the ground.

Is it better to ship it over seas or use it here ? Simple answer ...ship where they need it, we don't.

That article means nothing...coal was down 2.3%???? Hahaha SHOCKING!!!!

It's called exporting...look it up
or more currently "winning", as facts don't matter in the new DT doublespeak world.
Yup, the right has finally learned to play the game the lefties have honed to perfection for many years..I thought I would feel ashamed and guilty...

Nope
Enjoy your race to the bottom, its only a matter of time, you will find what you deserve I imagine.

gmrocket
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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by gmrocket » Fri Jul 06, 2018 9:25 am

Jezuz crist dude, give me time to finish

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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by gmrocket » Fri Jul 06, 2018 9:26 am

j-c-c wrote:
Fri Jul 06, 2018 9:23 am
gmrocket wrote:
Fri Jul 06, 2018 9:21 am
j-c-c wrote:
Fri Jul 06, 2018 9:17 am


or more currently "winning", as facts don't matter in the new DT doublespeak world.
Yup, the right has finally learned to play the game the lefties have honed to perfection for many years..I thought I would feel ashamed and guilty...

Nope
Enjoy your race to the bottom, its only a matter of time, you will find what you deserve I imagine.
I know it will be a better place than where you are right now

j-c-c
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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by j-c-c » Fri Jul 06, 2018 9:31 am

gmrocket wrote:
Fri Jul 06, 2018 9:26 am
j-c-c wrote:
Fri Jul 06, 2018 9:23 am
gmrocket wrote:
Fri Jul 06, 2018 9:21 am


Yup, the right has finally learned to play the game the lefties have honed to perfection for many years..I thought I would feel ashamed and guilty...

Nope
Enjoy your race to the bottom, its only a matter of time, you will find what you deserve I imagine.
I know it will be a better place than where you are right now
Strangely Dunning Kruger effect keeps re occurring in my mind when reading your replies. :shock:

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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by mk e » Fri Jul 06, 2018 9:37 am

engineczar wrote:
Fri Jul 06, 2018 8:13 am
The other way to look at it is that coal is up 100% compared to how it would look under Hillary and the 3rd term of Obama.
No, it would be about the same. The industry has been dying since WWII and is a zombie dependant of handouts at this point. It's just too expensive.
Mark
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gmrocket
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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by gmrocket » Fri Jul 06, 2018 11:01 am

mk e wrote:
Fri Jul 06, 2018 9:37 am
engineczar wrote:
Fri Jul 06, 2018 8:13 am
The other way to look at it is that coal is up 100% compared to how it would look under Hillary and the 3rd term of Obama.
No, it would be about the same. The industry has been dying since WWII and is a zombie dependant of handouts at this point. It's just too expensive.
It's a start that you realize just about everything dies, humans, animals, industry etc.

Remember the telephone land line
The horse and buggy

So saying something is on its way to die is kinda like saying , this new car I bought will most likely die someday

Even engineers die when they get old and stupid, sometimes not in that order

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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by RevTheory » Fri Jul 06, 2018 11:18 am

It's not dying like Solyndra did :mrgreen:

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Re: Mining slids 7% in the first half of 2018 in West Virgina

Post by exhaustgases » Fri Jul 06, 2018 12:00 pm

These commie trolls here. I like the DT double speak deal. And when they say he lies. Okay list his lies. Then we can talk about keeping our medical insurance and Dr's etc. from the lying pig we had before trump.
We need to compile the lie list, Obum and Clinton will have the longest list. Trump keeps his promises.

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