When Barack Obama ran for President in 2008, he promised to bankrupt the coal industry. The Agitator-in-Chief appears to have delivered on this promise as the the world’s largest private sector coal producer filed for bankruptcy. Peabody Energy is the fourth coal company to file bankruptcy in the last year. Take a look at the video below to see more details about Peabody Energy.
This is alarming. Over 41% of the population depends on coal-fired power plants. And Obama’s regulations targeting coal have forced coal plants to be shut down. Coal is an inexpensive form of energy and it’s plentiful. But, Obama wants to shut us out from this source of energy to appease his tree-hugging friends.
Obama wants to drive up the cost of the energy we need for all aspects of our lives. He even campaigned on it – and people actually voted for the man who essentially promised to raise their bills!
There is no current complete alternate source of energy that can take the place of coal. So, if that industry goes belly up under the burden of regulation, we are screwed! And Hillary has promised to continue the assault on coal. If she is the next president, hang on to your wallets!
Why do you think Obama has declared war on coal? Please share your thoughts.