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Old 08-01-2019, 05:49 PM   #1
Old_Hobo
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Kentucky Coal Miners Block Coal Train.....

https://www.cnn.com/2019/07/30/us/ke...ute/index.html
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Old 08-04-2019, 04:43 PM   #2
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WOW, the coal miners really got screwed by that company.

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Old 08-04-2019, 06:55 PM   #3
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Most renters have to pony up a month's rent in advance in case people run without paying. Why don't corporations have to deposit a month's pay with a trustee in case THEY run without paying?
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Old 08-04-2019, 07:06 PM   #4
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Blackjewel shut down two huge open pit coal mines in my county and over 600 workers were sent home, not even getting to clean out their lockers. None of them have been paid, and many are looking for new jobs. That's a heavy impact on a community that has a really low unemployment rate to begin with. There's a lot of anger, frustration and fear floating around here!

Thankfully I'm retired (not from a mine), so it doesn't affect me much. But the economic impact touches us all.


https://www.kotatv.com/content/news/...512175741.html
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Old 08-04-2019, 11:19 PM   #5
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No worries. Mitch McConnell will take care of them. He's their Senator and he has connections. He'll get the coal companies back on their feet and get the payroll going again.
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Old 08-05-2019, 09:04 AM   #6
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The previous administration said he was going to put coal out of business. Mission accomplished.

The next administration is promising to put oil and gas out of business. So get on the buss, sit down, shut up and hang on. It's going to be a bumpy ride.
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Old 08-05-2019, 09:50 PM   #7
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The previous administration wanted to ween our economy off of fossil fuels and replace it with solar and wind. Both solar and wind are currently providing more jobs than the fossil fuel industry. We will always need oil, but not to the degree we are dependent upon today. In addition, we don't need to subsidize solar and wind like we do with the $100 billion each year for "Big Oil". Yes, it is going to be a bumpy ride.
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Old 08-06-2019, 04:04 PM   #8
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Scaledown, seeing that you are in the worlds 6th largest economy lets take a look at what you derive from oil and gas. Do you suppose you can replace the revenue with it from wind and solar ?

Do you know what the plans are to do it. Just asking.

How Big Is California’s Oil And Gas Industry?

Petroleum industry’s total economic value for California—larger than 15 U.S. state economies

A new economic study released today by The Los Angeles County Economic Development Corporation (LAEDC) details the oil and gas industry’s sizable economic and fiscal impacts on California’s economy and also identifies the user industries of refined products and quantifying their economic activity today.

The Western States Petroleum Association (WSPA) commissioned the LAEDC to study the economic contribution of the oil and gas industry in California for the year 2015, as well as identifying user industries of refined products most vulnerable to cost increases, supply restrictions and competitive pressures from outside the state.

Oil & Gas is major employer, leading economic driver

The report shows the oil and gas industry as a major employer and leading economic driver in California, responsible for 368,100 jobs in 2015, or 1.6 percent of California’s employment, with almost $66 billion in total value-added, contributing 2.7 percent of California’s state GDP.

The oil and gas industry also makes significant fiscal contributions to California’s state and local governments, including more than $26.4 billion in state and local tax revenues and $28.5 billion in sales and excise taxes.

Vulnerable industries of refined petroleum products like transportation/warehousing, manufacturing and agriculture represent 1.7 million jobs in California with an associated $111 billion in labor income and contributing 8.4 percent to the state’s GDP.

“The oil and gas industry supports 77,846 jobs in Los Angeles County alone,” said Dr. Somjita Mitra of the LAEDC. “Industry activities in the county generate more than $6.9 billion in tax revenues.”

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Old 08-06-2019, 06:04 PM   #9
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According to Politifact, as of the end of 2016, there were over 570,000 jobs in the renewable energy industry in California, of which 110,000 were in the Los Angeles area. What's the economic impact of that. Which is growing faster, renewable or petroleum?

Certainly petroleum is a big part of the CA economy... just as coal and steel were huge parts of the US economy 120 years ago. Economies rarely completely transform over night, but evolve they do, and the market will force local economies to adapt to broader trends.
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Old 08-06-2019, 06:28 PM   #10
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Quote:
Originally Posted by CTValleyRR View Post
According to Politifact, as of the end of 2016, there were over 570,000 jobs in the renewable energy industry in California, of which 110,000 were in the Los Angeles area. What's the economic impact of that. Which is growing faster, renewable or petroleum?

Certainly petroleum is a big part of the CA economy... just as coal and steel were huge parts of the US economy 120 years ago. Economies rarely completely transform over night, but evolve they do, and the market will force local economies to adapt to broader trends.
Yes, now all they have to do is get all those internal combustion engine vehicles off the road. If nothing more than to eliminate air pollution. All the big cities need to get the people to convert over to all electric.

I was raised in California. Lived there for 30 years. 50s, 60s and 70s. Fabulous place to grow up back in those days. I can remember the smog being so bad that your eyes would burn and it was hard to breath without chocking.
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