Quote:
Originally Posted by Praxeas
The announcement that 1,200 coal-mining jobs have been eliminated across central Appalachia has sparked renewed cries that Obama administration policies are crippling domestic-energy production and jobs -- and is already factoring into the 2012 presidential race.
Alpha Natural Resources announced Tuesday its plan to cut the positions and scale back coal production by 16 million tons annually -- which would result in eight mine closings in Virginia, Pennsylvania and West Virginia. Four-hundred workers will be laid off immediately, though the company reportedly may try to re-hire some of the 1,200.
“The president’s extreme policies are crippling entire towns and making it harder for workers to find jobs,” Capito, co-founder of the Congressional Coal Caucus, said in a written statement. "Because of the president's War on Coal, thousands of West Virginia families have to worry about where their next paycheck is going to come from."
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You left out some information didn't you Praxeas??
Crutchfield the CEO of Alpha called it "a difficult day," but said the shutdowns and layoffs are a necessary part of ensuring Alpha survives in what has become a difficult U.S. market, where coal companies face a dual challenge:
Power plants are shifting to cheap, abundant natural gas, while companies like his face "a regulatory environment that's aggressively aimed at constraining the use of coal.
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