Tsk, Tsk, Tsk, Thursday

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Arch Coal, the nation’s second-largest coal mining company, filed for bankruptcy on Monday to help shed more than $4.5 billion in debt. It throws into question the company’s current and pending projects and its effects are expected to ripple across the entire beleaguered industry.

It is the largest coal company to file for Chapter 11 bankruptcy in the United States, following Alpha Natural Resources in August. Patriot Coal also filed for bankruptcy in May—for the second time in three years.

The bankruptcies come as little surprise, given that coal production has sunk to its lowest level in nearly three decades, driven mainly by federal environmental regulations and increasing competition from natural gas and renewable energy. Coal prices dropped precipitously last year.

@ CNN

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About Den

Always in search of interesting things to post. Armed with knowledge and dangerous with the ladies.
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14 Responses to Tsk, Tsk, Tsk, Thursday

  1. David B. Benson says:

    Also, some think that the coal companies overextended.

    Like

  2. David B. Benson says:

    Radon therapy, Den?

    Like

  3. Den says:

    No Powerball winner here, no house. 😦

    Like

  4. David B. Benson says:

    But 24 minutes on the sticks to Swilly’s for ice cream with amaretto fudge sauce.

    Like

  5. David B. Benson says:

    @ the Hillside Cafe after a vocal concert by 263 middle and high school young men. Impressive what so many voices can do.

    Like

  6. Den says:

    The Pain Train has reached it’s destination headed for the scrap pile of time.
    Minor rancid fart’s excepted.

    Like

  7. David B. Benson says:

    My new boots arrived. A good thing as both big toes were complaining of not having enough room as I made my way home in the now freezing weather.

    Like

    • º¿carol says:

      Good for you. Finding the right shoes/boots, fantastic. I love the ones I have now. Must be because there in an arch in them that the top of my left foot never hurts anymore.

      Like

  8. º¿carol says:

    Very sunny today, lots of melting. In 30’s, no wind. Birds were singing everywhere.

    I made the Meijer’s run for groceries in the car. Unloaded and put them away then took the SUV into Stockbridge for gas, hit the bank and the library while there. Didn’t have to cook today, thank god. Probably tomorrow though. Thawing out 4 split chicken breasts. I’ll figure out something to make out of them.

    Like

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