When Donald Trump promised during his 2016 campaign to ‘make coal mining great again,’ little did he know that the industry would rebound the way it will in 2022.
But that’s not going to be a good thing, either.
Trump as the president worked to revive the coal mining industry because even though fewer and fewer power plants utilize the fossil fuel domestically, there is a massive global market for coal in the developing world. China and India, for instance, have voracious appetites for coal as most of their power plants coming online burn coal to generate power (and they do that because coal is far cheaper than natural gas and nuclear power).
But because the Biden regime is being run by insane leftists whose agenda includes crashing the country so they can rebuild it in their Marxist image, American coal production is taking a hit again just as demand for coal is skyrocketing thanks to renewed demand following the COVID-19 pandemic.
Only, there isn’t going to be enough to go around, unfortunately, and that will result in a dramatic loss of power for wide swaths of the country that still depend on coal-fired plants for their electricity.
As Bloomberg Green reports, coal miners will be busy next year:
Almost every lump of coal that U.S. miners will dig out of the ground next year has already been sold, as surging natural gas prices prompt utilities to burn more of the dirtiest fossil fuel.
Peabody Energy Corp., the top American supplier, has contracts for more than 90% of its coal from the Powder River Basin region next year and all of the power-plant fuel from its other U.S. mines. And Arch Resources Inc., the No. 2 producer, has lined up deals with utilities for all of its 2022 output from the basin at an average price that’s 20% higher than current spot prices.
Demand for electricity is surging as the global economy recovers from the pandemic and winter approaches, driving natural gas prices to record highs. Even with coal miners boosting output next year, power producers are signing multi-year contracts for every ton they can get.
“It’s pretty much sold out,” Peabody Chief Executive Officer Jim Grech said last week during a conference call. “We only have a small portion left to be sold for 2022 and for 2023.”
Again, good news for coal miners (and for those concerned about the environment, as coal mining increased during the Trump years, U.S. emissions actually fell to their lowest levels since 1983 — and no, that’s not a misprint).
But there are several problems with this development:
— The demand for energy is increasing as the country and world emerge from the pandemic. But U.S. coal inventories are already sold out more than a year in advance; what happens if coal demand outstrips mines’ ability to produce it? That’s pretty simple: Power outages.
— What’s more, high demand coupled with low supplies equals inflation: Higher coal prices. And in fact, coal prices are already up, as Bloomberg Green noted.
— If power plants can’t get coal, many of them will burn natural gas. But it, too, has dramatically increased in price, so our electric bills will go up. They already are.
— If the Biden regime manages to get enough Democrats to finally come together and pass his massive spending bills, there will be “historic investments” in green energy production. But as we’ve seen in Europe, too much reliance on green energy is dangerous because wind doesn’t always blow and the sun doesn’t always shine. Plus, green energy is far more expensive to produce.
— Finally, the demand for energy will only increase as well with new ‘electric vehicle’ initiatives and incentives — at a time when a) we can’t produce enough energy; and b) what is produced is skyrocketing in price.
You may have hated Trump’s tweets, but he had our country energy independent. Biden’s Marxists have ruined that, and things are about to get a lot worse.
Sources include:
Image by hangela from Pixabay.
Most “Conservative” News Outlets Are on the Big Tech Teat
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), an Instagram profile (never made one), or a TikTok (no thanks, CCP). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would make the bold move. Today, only a handful of other major conservative news outlets have broken free from the Big Tech teat. Of course, we need help.
The best way you can help us grow and continue to bring proper news and opinions to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal or Bitcoin as well. Bitcoin: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
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We are also building partnerships with great conservative sites like The Liberty Daily and The Epoch Times to advance the message as loudly as possible, and we’re always looking for others with which to partner.
Some of our content is spread across multiple sites. Other pieces of content are unique. We write most of what we post but we also draw from those willing to allow us to share their quality articles, videos, and podcasts. We collect the best content from fellow conservative sites that give us permission to republish them. We’re not ego-driven; I’d much rather post a properly attributed story written by experts like Dr. Joseph Mercola or Natural News than rewrite it like so many outlets like to do. We’re not here to take credit. We’re here to spread the truth.
While donations are the best way to help, you can also support us by buying through our sponsors:
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We know we could make a lot more money if we sold out like so many “conservative” publications out there. You won’t find Google ads on our site for a reason. Yes, they’re lucrative, but I don’t like getting paid by minions of Satan (I don’t like Google very much if you couldn’t tell).
Time is short. As the world spirals towards The Great Reset, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going. Our promise is this: We will never sell out America. If that means we’re going to struggle for a while or even indefinitely, so be it. Integrity first. Truth first. America first.
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