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Accounting 101 - we all flunked
Message
From
09/01/2019 20:47:37
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
 
General information
Forum:
Politics
Category:
Economics
Miscellaneous
Thread ID:
01665037
Message ID:
01665249
Views:
48
>>Coal is not ever going to come back - it's days are done.

There's always some need, especially with the steel resurgence: you need top quality coal for smelting because it's about the only fuel that gets hot enough.

>>It's kinda like the buggy whip -- everyone needed one and everyone bought them. Then along came the automobile....kinda put the end to the buggy whip business. Sure there are a few makers of buggy whips -- but it's days are over.

Except that coal is a gigantic cheap resource that may be a cleaner option one day. Just as Fracking made natural gas cheap enough to challenge coal. Things change.

>>"wash the beautiful coal to make it clean, so we have clean coal because they take the dirty coal and wash it". f_ing idiot.

Yes I saw that attack... but is that his actual words or the usual vicious paraphrase? FWIW, they do actually wash some coal to make it burn cleaner. I think the issue was that environmentalists use "clean" to mean carbon capture while it has quite a few meanings in the coal industry. "Clean coal turns out to mean largely whatever one wants it to mean” according to Professor Rubin who spent most of his 50 year career on coal technologies.

>>As for those loosing their jobs - like the coal miners - sure you have to worry about them too. I would think that if I had to choose between going down into a dangerous dark hole and getting black lung disease at a coal mine vs working in nice clean factory above ground making solar panels I would take the latter of the two.

So would I. Problem is that you can't eat hopes for a better future or buy shoes for your kids. Maybe if the jobs existed, they'd have the option.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us.
"
-- Shakespeare: Coriolanus, Act 1, scene 1
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