Edward V. Harris
During his presidential campaign, Trump promised to bring coal miners’ jobs back, but the jobs aren’t returning. Jobs are actually decreasing. Cost of coal mining compared to the cost of natural gas and alternative energies are the major factors in decreasing coal mining jobs.
Olive Willis says it well in his article in Shareblue, 8/21/19, titled “Trump Kills coal jobs, and makes it easier for polluters to kill people.” Willis contends the coal industry “continues to lose jobs,” but Trump is “making it easier for coal companies — who bankroll Republican campaigns — to pollute the environment.”
“The nation’s 10 largest mines are in the West, where one worker, along with heavy machinery and sometimes explosives can extract the same amount of coal it would take eight or 10 workers back East.” Mines are closing in Wyoming. “A decade ago the region produced 450 million tons,” but dropped “to 300 million.” Wyoming is now “in crisis with hundreds of coal miners out of work.” (“The first coal mine in Wyoming is in danger of closing,” CBS, 7/12/19)
Maxx Chatsko, the Motley Fool, writes that “Coal-Fired Power Plants Just Had Their worst Month in Decades.” Chatsko says that “American coal-fired power plants saw electricity generation in April 2019 fall 18% from the year-ago period and 20% from April 2017.” Chatsko contends “coal is going extinct in the United States,” and he advises against buying stocks in the coal industry and “to keep your portfolio away from” coal. (Yahoo1 7/2/19)