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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (278133)	11/2/2008 7:58:56 AM
From: skinowski	Read Replies (1) \| Respond to of 793656

take coal off the table as a (sic) ideological matter Another series of... very strange statements. Few people know about this, I guess - I was only the 212th viewer of that video. This is just another 5 min to midnight story. Where was Mac's campaign all this time? edit - never mind Mac - Where are all the Dems who have functioning brains?

To: LindyBill who wrote (278133)	11/2/2008 8:22:18 AM
From: quehubo	4 Recommendations Respond to of 793656

Interesting to note that with 50% of the nations electricity coming from coal they think coal fired plants and coal mines are going to go broke. This wealth transfer to the government will be paid by consumers. Invest in natural gas producers as they will win the most with this type of taxation.

To: LindyBill who wrote (278133)	11/2/2008 8:32:25 AM
From: Tom Clarke	Read Replies (2) \| Respond to of 793656

Obama's Energy Price Signals: Low Prices Bad nalert.blogspot.com

To: LindyBill who wrote (278133)	11/2/2008 11:20:12 AM
From: jrhana	Respond to of 793656

Massey Energy making expansion plans November 01, 2008 @ 12:00 AM 2008/The Herald-Dispatch The Associated Press herald-dispatch.com CHARLESTON -- Despite the slowing economy, coal producer Massey Energy Co. remains committed to an ambitious expansion plan that added 15 new mines over the past year, company officials said Friday. The Richmond, Va.-based company also expanded seven existing mines, hired almost 900 miners and bought a fleet of surface mining equipment over the past 12 months as part of a plan to increase coal output to 50 million tons by 2010, from approximately 40 million last year. The weakening economy has prompted Massey to back off a bit on shipment and price projections, but Chief Executive Don Blankenship told analysts he remains bullish on expansion during a conference call to discuss third-quarter earnings. Investing in new production is a better use of capital than buying competitors or simply keeping money in the bank, Blankenship said. Massey spent $230.3 million in cash on capital spending during the third quarter, up from $60.1 million a year earlier. For the full year, the company plans to spend between $650 million and $700 million on capital projects. Massey also may use some of the $877.7 million in cash and short-term investments it had at the end of the third quarter to repurchase stock. Its shares have fallen approximately 76 percent since peaking at $95.70 last summer. Repurchasing stock will discussed by the board of directors in November, Blankenship said. Massey operates mining complexes in West Virginia, Virginia and Kentucky. Its stock rose rose $2.68, or 13 percent, to $23.09 Friday.

To: LindyBill who wrote (278133)	11/2/2008 12:07:48 PM
From: Brumar89	Respond to of 793656

Obama's plans to bankrupt the coal industry s/b front page news in Appalachia and Wyoming.