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India, Kentucky and W.Va. coal producers announce partnership
#7
TheRealVille Wrote:What do you mean? Booth has a 25 year, 7 billion dollar coal deal, in an Obama administration.
By your estimate, which I take with a grain of salt given the high rate of factually inaccurate information that you have provided about the American coal industry, Booth's company would make between $2 and $4 dollars/ton on that contract - a profit margin of somewhere between 3 and 8 percent. Given that the Obama administration has declared war on coal and seems to be winning, Booth's contract does not sound all that lucrative.

All it takes to bankrupt a coal company is for the EPA to change its enforcement policies and team with the anti-coal zealots to use the federal courts to do Obama's dirty work. I doubt that Jim Booth is giving any credit to Obama for the contract that he negotiated. If Romney is elected, good times are ahead for the coal industry.
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India, Kentucky and W.Va. coal producers announce partnership - by Hoot Gibson - 08-19-2012, 07:57 AM

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