I can hear the environmentalists cheer:
Largest Coal Mine in the State Idles OperationsThe economy is in free fall. Sending the coal industry spiraling. Laying off those who can afford to be without work least.
By Debra McCown, Bristol Herald Courier
Clintwood, Va. – Here in rural Southwest Virginia, an area dependent on the coal and natural gas industries, the global economy’s downward spiral is starting to hit home.
Among the latest letting employees go is CONSOL energy in Buchanan County, which idled its Buchanan Mine – the largest coal mine in Virginia – for at least a month. The mine employs 540 people.
The reason for the stopped work: They aren’t getting orders for coal.
CONSOL spokesman Tom Hoffman said soaring coal prices as recently as last year were a result of global demand for coal.
“Then … the fall happened, that the economy just, it didn’t slow down; it literally fell off a cliff, not just in the U.S., but very quickly in many places around the world,” Hoffman said. “Suddenly, steel makers were saying, ‘We’re going to shut our factories down. We’re not going to make any steel for a while because we don’t have any orders. And so coal producers have to follow that lead pretty closely in order to make sure we’re not producing coal nobody wants.” [link]
But carbon emissions will decline.
Al Gore must be as happy as a pig in slop.