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Author Topic: The Trump Administration  (Read 22825 times)

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NightmarePatrol

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Re: The Trump Administration
« Reply #285 on: March 28, 2017, 08:19:33 AM »
The market doesn't react much to private investors. I spent a few years working in trust custody managing the interface to the fed wire system. When you see entities buying/selling 250 mil in one transaction it gets your attention. The market notices too.
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Lifetime

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Re: The Trump Administration
« Reply #286 on: March 28, 2017, 11:15:43 AM »
Barbie Dolls ...again become the HOT TOY for Christmas...and suddenly Mattel gets a large hit on Stock bought (by many).... FICKLED!!!! Wet the finger daily... follow through.... Buy it up or...if it falls through...dump it quickly (by many).... Instant roller coaster.

I was taught a long time ago.... markets are a marathon,,, not a sprint. LONG TERM almost always works. Some people want their first Million in a year instead of several over say 10-20 years.

I am not a millionaire but I have been made comfortable at my "class" level.
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Jayhawk

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Re: The Trump Administration
« Reply #287 on: March 28, 2017, 12:42:26 PM »
The market doesn't react much to private investors. I spent a few years working in trust custody managing the interface to the fed wire system. When you see entities buying/selling 250 mil in one transaction it gets your attention. The market notices too.
Yeah, i guess you're right. Though much of that trading is retirement investments, and the little people who own that money do withdraw from time to time oblivious to what that day's Durable Goods Orders report said. (Or even knowing what durable goods are.)
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clp_lives

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Re: The Trump Administration
« Reply #288 on: March 28, 2017, 04:02:55 PM »
Someone should clue Trump in that renewable energy employment exceeds that of coal now and building gas fired plants to replace coal requires US jobs as well.  Renewables and gas generation are the future due to economics and not regulation.   Companies will choose the cheaper option when given a choice and coal plants are shutting down because of it over cheap abundant natural gas that does not require barges and rail cars to transport.  My electric bill has gone down from 10 years ago in real dollars not even inflation adjusted due to the cost of electric as well as advancements in efficiencies like LED lighting, appliances etc., despite this supposed tighter regulations.  LED light bulbs started at $10 each now you can get them for $1.  Cars get way better gas mileage, have many more safety features yet the price did not increase as much as the naysayers had feared outside normal inflation.
http://www.cnn.com/2017/03/27/politics/trump-climate-change-executive-order/index.html
But hey let's stop being innovative and solving these challenging problems and just keep digging up coal instead.

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Amidala

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Re: The Trump Administration
« Reply #289 on: March 31, 2017, 09:22:07 AM »
Throughout this coal debate, the talking heads have not talked about how hard life is for miners, generations of them especially in many harsh, mountainous areas due to geographic isolation. They have poor access to many services and it's a hard, hard way of life with little opportunity. Would love to see a way out for these people when coal is replaced with other energy sources. Just a pipe dream to help a struggling population.
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Jayhawk

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Re: The Trump Administration
« Reply #290 on: March 31, 2017, 02:15:03 PM »
Don't forget, Trump is only talking about mining the mystical, magical "clean coal". Unlike regular coal, clean coal was formed ions ago from the decomposition of unicorns, not dinosaurs.
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NightmarePatrol

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Re: The Trump Administration
« Reply #291 on: March 31, 2017, 04:46:52 PM »
I believe it's clean coal that's burning under Centralia.
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Amidala

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Re: The Trump Administration
« Reply #292 on: March 31, 2017, 05:04:45 PM »
Astute observations, guys.  You know, genealogy tells me that I am a direct descendant of 4 immigrant coal miners. My ancestors happened to live in areas with easier access to other services, industries and just life in general, than those living in the hollers of Appalachia Have access today.
Many of them live in poverty. For that opportunity,I am thankful. It gave me a better quality of life.

 I wish the same for the descendants of today's miners.
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clp_lives

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Re: The Trump Administration
« Reply #293 on: April 01, 2017, 02:18:03 PM »
The miners are in a tough situation for sure with the changing energy market and small towns with little opportunity.  That being said I think all should be treated equal not just coal miners as millions others were hit with their company bankruptcies, job outsourcing overseas resulting is loss of benefits and retirement.  Does an agreement with coal companies in 1947 for the government to temporarily take over coal mines require them to pay medical and retiree benefits over 70 years later.  How about the steel mills, textile mills state employees who have questionable retirement funding with cash strapped states.  The list is never ending and the government really can't afford to please everyone unfortunately as the money has to come from somewhere.  Not sure there is a good, nor fair answer.

http://www.post-gazette.com/news/nation/2017/04/01/Miners-seek-help-from-Congress-as-health-and-pension-benefits-expire/stories/201704010070

Astute observations, guys.  You know, genealogy tells me that I am a direct descendant of 4 immigrant coal miners. My ancestors happened to live in areas with easier access to other services, industries and just life in general, than those living in the hollers of Appalachia Have access today.
Many of them live in poverty. For that opportunity,I am thankful. It gave me a better quality of life.

 I wish the same for the descendants of today's miners.
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Amidala

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Re: The Trump Administration
« Reply #294 on: April 01, 2017, 09:24:15 PM »
Oh, I agree, and I didn't mean to sound discriminatory - I've just come realize that had my ancestors settled in, say, WVa instead of SW PA, my life might not have had as many opportunities. And I'm thankful for that.
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Jayhawk

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Re: The Trump Administration
« Reply #295 on: April 02, 2017, 02:13:30 AM »
Nice effort to restart coal mining, but there's no market anymore thanks to cheaper alternatives, not because of federal regulations.

And even if Trump magically increases mining employment significantly, it's still only a tiny, tiny part of the U.S. workforce. There are more people working at Arby's and in the bowling industry.

-------
https://www.washingtonpost.com/news/wonk/wp/2017/03/31/8-surprisingly-small-industries-that-employ-more-people-than-coal/?tid=sm_tw&tid=sm_tw&tid=sm_tw&tid=sm_tw&utm_term=.a99e847224a2

The entire coal industry employs fewer people than Arby’s

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Lifetime

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Re: The Trump Administration
« Reply #296 on: April 02, 2017, 08:28:15 AM »
There are a few ways that straight coal use can be adjusted... to make a gas from it or even a liquid which could be made clean enough for use in the future.

Also... why does everyone think our country is the only user of our coal...

read... https://www.eia.gov/energyexplained/index.cfm?page=coal_imports



https://en.wikipedia.org/wiki/Coal_gasification

https://en.wikipedia.org/wiki/Coal_liquefactionhttp://


Our supply in the USA...

http://www.geocraft.com/WVFossils/Energy.html



I know we see the miners as backwoods "hillbillies" who know nuthin' 'bout the flatlanders but... As with many industries, it offered good paid jobs ...even though it was dangerous work. I worked 5 years at "Generous Sharon Steel" and saw friends die... some by being burned to death, falls and even impalement....not to mention equipment mishaps. We worked for the pay and the benefits to our families and many retired and did live long past their 80s or more. We still have an appetite for steel and iron. and coke is used to make it. There is more to this than dust covered faces. Science is capable of making it cleaner and more usable. IMHO





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NightmarePatrol

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Re: The Trump Administration
« Reply #297 on: April 02, 2017, 04:58:57 PM »
There's actually huge market in China as they are turning up multiple coal fired power plants per month and many on bituminous coal. The government there has a cease and desist order but the locals are still building them. China is also the largest producer and consumer of coal in the world.  They'll be exporting their smog pretty soon too. Thing change and just become unsustainable. I can't say if coal is there yet, but it will be soon enough. Solar is in fact economically feasible in the sunny climates, but it's not a universal solution either. So for now we'll plod along with what we have until something comes along that puts it out to pasture permanently. When that happens I hope the coal region is prepared for it because they'll be back to 1900 living standards faster than they think.

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Lifetime

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Re: The Trump Administration
« Reply #298 on: April 02, 2017, 05:36:53 PM »
Hmmmm... please read "America is the Saudi Arabia of coal"

http://www.geocraft.com/WVFossils/Energy.html

Yes... China uses more coal than anyone but ..... In fact...check the Whole site if you would.





There's actually huge market in China as they are turning up multiple coal fired power plants per month and many on bituminous coal. The government there has a cease and desist order but the locals are still building them. China is also the largest producer and consumer of coal in the world.  They'll be exporting their smog pretty soon too. Thing change and just become unsustainable. I can't say if coal is there yet, but it will be soon enough. Solar is in fact economically feasible in the sunny climates, but it's not a universal solution either. So for now we'll plod along with what we have until something comes along that puts it out to pasture permanently. When that happens I hope the coal region is prepared for it because they'll be back to 1900 living standards faster than they think.
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bighair80s

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Re: The Trump Administration
« Reply #299 on: April 02, 2017, 05:49:22 PM »
"I'm college-educated, played baseball for West Virginia University and graduated with a degree in criminal justice. I chose this lifestyle because it pays well, I can live by the rest of my family and friends (and) do a job I am very proud of."


http://www.washingtonexaminer.com/where-coal-is-still-king/article/2615107
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