Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:17 PM

GasBuddy News Article

54
votes
Ky. coal producers win $7B contract

Tennessean / Courier Journal -- Kentucky coal producers have reached an agreement to export 9 million tons of coal annually to India for the next 25 years in a $7 billion deal that is a much needed shot in the arm to the region’s sagging mining industry.

The deal, which would represent about 8% of Kentucky’s annual coal production, could help avert future power outages such as the one last week that left more than 600 mil. people without electricity.

New Jersey-based FJS Energy LLC signed the deal with India’s Abhijeet Group to purchase coal exports from Kentucky and West Virginia through Kentucky-based affiliates FJSE Marshall and FJSE River Coal.

“International exports present a promising opportunity for Kentucky coal producers, as is demonstrated by this deal, and consequently for our communities whose econom


Read the Full Article

Submitted Aug 17, 2012 By: DellDude2
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Ky. coal producers win $7B contract Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
rjhenn
Champion Author Des Moines

Posts:28,071
Points:2,772,975
Joined:Aug 2005
Message Posted: Aug 21, 2012 1:17:44 PM

Honda, that power outage was in India.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,722
Points:2,186,040
Joined:Nov 2008
Message Posted: Aug 21, 2012 6:02:07 AM

funny how the projections always say "could help avert" or something along the lines. That would mean, that all production remains where the product was attained, not sold to the highest bidder.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,722
Points:2,186,040
Joined:Nov 2008
Message Posted: Aug 20, 2012 5:59:50 AM

keep in mind the cost in human lives (not just direct loss, but indirect by means of black lung and other health issues cutting miners' lives short) and coal isn't as great an energy source as it appears.
But then, when have Americans of the past 40 or 50 years really cared what happens to others.
Profile Pic
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: Aug 19, 2012 12:43:45 AM


Geez, do you really believe N5EXY that, " (In case of war Obama would) deprive America of the energy it needs to function and compete in the world."

Really? It would be the biggest Nuclear War you could ever imagine. The strength of the US is that we have many form of energy....and don't depend on just 1 or 2 sources.

Beside....with current technology, it would have to be either Canada or Mexico that would have to have the rockets to do so. Right now the only thing we don't like about the Canadian for is clogging up the lines at Costco. Scary!
Profile Pic
sparky808
Champion Author Honolulu

Posts:5,279
Points:1,152,300
Joined:Sep 2011
Message Posted: Aug 18, 2012 4:11:26 PM

Thank you for posting.
Profile Pic
jethro5000
Champion Author Kentucky

Posts:4,367
Points:963,835
Joined:Jun 2005
Message Posted: Aug 18, 2012 1:48:12 PM

I heard this on the radio
Profile Pic
kyjlh
Champion Author Kentucky

Posts:3,776
Points:1,100,650
Joined:Feb 2005
Message Posted: Aug 18, 2012 9:04:39 AM

good
Profile Pic
tomok
Champion Author Portland

Posts:43,293
Points:2,921,685
Joined:Aug 2006
Message Posted: Aug 18, 2012 6:05:43 AM

Export coal to other countries and let them worry about the consequences. But, it's jobs for Kentucky and that’s a good thing.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost.
The price of fuel at the pump is too high!
12/22/2012!
Profile Pic
shstew
Champion Author British Columbia

Posts:1,012
Points:746,940
Joined:Nov 2011
Message Posted: Aug 18, 2012 12:54:50 AM

Good for them
Profile Pic
Bezalel
Champion Author Oklahoma City

Posts:14,608
Points:2,863,215
Joined:Oct 2006
Message Posted: Aug 18, 2012 12:34:04 AM

Export 'dirty' coal. Keep refined product here.
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:5,185
Points:1,239,125
Joined:Jan 2010
Message Posted: Aug 18, 2012 12:15:47 AM

Just watch Obama try to kill this deal with his buddies at the EPA.
Profile Pic
jrschl
Champion Author Louisville

Posts:5,454
Points:1,257,240
Joined:Jun 2011
Message Posted: Aug 18, 2012 12:07:27 AM

Good for the economy. Plus more jobs to help clean up the pollution from India.
Profile Pic
jrsva
Champion Author Virginia

Posts:12,558
Points:2,189,175
Joined:Jan 2006
Message Posted: Aug 18, 2012 12:06:14 AM

That’s good for our balance of trade but bad from most other perspectives. It will probably be burned with lower standards for pollution control in India than in the US. Much Kentucky and West Virginia coal is mined by mountaintop removal / valley fill, which is extremely destructive. The mine owners and shippers will make a lot of money, the mine workers will make a little money, and the global environment will suffer.

Profile Pic
heartbroken2010
Champion Author Ottawa

Posts:6,815
Points:1,472,910
Joined:Aug 2010
Message Posted: Aug 18, 2012 12:06:07 AM

good stuff.
Profile Pic
N5EXY
Champion Author Austin

Posts:7,986
Points:2,085,245
Joined:Jul 2004
Message Posted: Aug 18, 2012 12:05:07 AM

If you still need a reason to defeat Obama then consider his administration’s intense effort to deprive America of the energy it needs to function and compete in the world.
If a foreign nation had launched an attack on America to destroy its coal-fired plants, to shut down its coal mines, and to thwart its ability to drill for oil and natural gas, we would be at war with it.
Profile Pic
shores4now
Champion Author Kentucky

Posts:4,956
Points:1,099,925
Joined:Jul 2009
Message Posted: Aug 18, 2012 12:03:41 AM

great
Profile Pic
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: Aug 18, 2012 12:02:27 AM


A Win-Win for everybody!
Profile Pic
mstearno
Champion Author Dayton

Posts:9,516
Points:2,214,545
Joined:Jan 2008
Message Posted: Aug 17, 2012 11:57:34 PM

good for ky
Profile Pic
millerin
Champion Author Orlando

Posts:4,283
Points:994,345
Joined:Jan 2012
Message Posted: Aug 17, 2012 11:54:06 PM

hmm...
Profile Pic
brutherruther
Veteran Author Fort Worth

Posts:435
Points:238,290
Joined:Mar 2012
Message Posted: Aug 17, 2012 11:49:13 PM

Ok
Profile Pic
southrob
Champion Author Tucson

Posts:5,958
Points:1,221,050
Joined:Mar 2011
Message Posted: Aug 17, 2012 11:46:40 PM

dhan for lower gas
Profile Pic
firefly09
Champion Author San Diego

Posts:4,182
Points:1,114,355
Joined:Mar 2009
Message Posted: Aug 17, 2012 11:45:12 PM

HMMMMMMMMMMMM.
Profile Pic
SavALot
Champion Author Virginia Beach

Posts:10,581
Points:2,268,060
Joined:Apr 2005
Message Posted: Aug 17, 2012 11:43:05 PM

That's a lot of zeroes
Profile Pic
abcdMA
Champion Author Worcester

Posts:10,362
Points:2,138,590
Joined:Nov 2008
Message Posted: Aug 17, 2012 11:42:42 PM

high grade coal which could be part of our energy solution, instead, the administration puts restrictive regulations in place trying to kill coal in the US
Profile Pic
Prodaddy
Champion Author Houston

Posts:10,822
Points:2,464,370
Joined:May 2007
Message Posted: Aug 17, 2012 11:40:47 PM

Kentucky is full of high grade coal
Profile Pic
cokezero
All-Star Author Philadelphia

Posts:830
Points:402,835
Joined:May 2009
Message Posted: Aug 17, 2012 11:39:43 PM

ok
Profile Pic
Mermaan
Champion Author Boston

Posts:1,572
Points:421,235
Joined:Apr 2011
Message Posted: Aug 17, 2012 11:35:05 PM

nice
Profile Pic
drz614
Champion Author Harrisburg

Posts:4,801
Points:1,173,240
Joined:Aug 2011
Message Posted: Aug 17, 2012 11:34:59 PM

now we are selling our coal, great. we can't burn it here but other countries can? how messed up is that?
Profile Pic
Tekkersmom57
Champion Author Syracuse

Posts:4,333
Points:1,269,455
Joined:May 2010
Message Posted: Aug 17, 2012 11:34:18 PM

Very good post, clermont40miles!
Profile Pic
AKmailman
Champion Author Alaska

Posts:8,144
Points:2,129,595
Joined:Jul 2004
Message Posted: Aug 17, 2012 11:34:03 PM

there's nothing wrong with coal, creates more US jobs
and who gives a rats a$$ what they do in the rest of the world
Profile Pic
Blue48
Champion Author Illinois

Posts:9,804
Points:2,213,770
Joined:Feb 2007
Message Posted: Aug 17, 2012 11:33:28 PM

GOOD NEWS FOR THEM!
Profile Pic
n3tbc
Veteran Author Wilmington

Posts:355
Points:398,225
Joined:Sep 2011
Message Posted: Aug 17, 2012 11:28:45 PM

Total carbon footprint never changes. We clean up and the rest of the world gets worse...
Profile Pic
itsjustme719
Champion Author Hamilton

Posts:2,256
Points:1,117,535
Joined:Dec 2010
Message Posted: Aug 17, 2012 11:28:26 PM

Don't use coal, it's bad for the environment, but we can promote other countries to use it.
Profile Pic
uptherefiners
Champion Author Chicago

Posts:5,055
Points:1,003,000
Joined:Jun 2006
Message Posted: Aug 17, 2012 11:27:03 PM

I feel better that people in india won't be left in the dark

I really DON'T feel better that people in the USofA might be left in the dark

wade through the bullshit, and vote with your brains this time

Profile Pic
gmcgas
Champion Author Atlanta

Posts:8,509
Points:2,290,365
Joined:Mar 2004
Message Posted: Aug 17, 2012 11:23:42 PM

just stupid. we could use it.
Profile Pic
grandamgt1
Champion Author Illinois

Posts:4,891
Points:1,813,730
Joined:Apr 2008
Message Posted: Aug 17, 2012 11:20:38 PM

Funny how we're trying to be "green" in this country by not wanting to use coal, but we're all for exporting this valuable resource.

Wouldn't it make more sense to use our own coal, and let India use windmills?

[Edited by: grandamgt1 at 8/17/2012 11:24:29 PM EST]
Profile Pic
mdskier
Champion Author Sacramento

Posts:11,110
Points:2,000,000
Joined:Aug 2005
Message Posted: Aug 17, 2012 11:14:11 PM

So we spend $$ on clean energy & India burns
our smelly old coal.
Is this cleaning up the planet?
Profile Pic
Cableman66
Champion Author North Carolina

Posts:4,804
Points:1,064,350
Joined:May 2011
Message Posted: Aug 17, 2012 11:13:46 PM

Jobs equal money, food and other such simple items. Those who opose sale of coal must have plenty $$$ so share with your neighbor. That's right this is Obama's plan. No jobs and take your money for others.
Profile Pic
mcmonsta
Champion Author Honolulu

Posts:5,491
Points:1,384,055
Joined:Sep 2009
Message Posted: Aug 17, 2012 11:10:59 PM

and guess who profits from this Clean energy?
Profile Pic
serrog
Champion Author Nova Scotia

Posts:8,051
Points:2,087,085
Joined:Oct 2008
Message Posted: Aug 17, 2012 11:10:46 PM

How green was our planet
Profile Pic
wayoung56
Champion Author Alabama

Posts:5,155
Points:1,376,810
Joined:Oct 2006
Message Posted: Aug 17, 2012 11:09:24 PM

Wonder why the EPA hasn't tried to squash this???
Profile Pic
John747
Champion Author Chicago

Posts:517,060
Points:4,201,035
Joined:Aug 2001
Message Posted: Aug 17, 2012 11:07:02 PM

The so-called "clean coal technology" can also be called "expensive technology." Poor people in countries like India need immediate access to "cheap, affordable technology."
Profile Pic
farn1958
All-Star Author Twin Cities

Posts:886
Points:183,385
Joined:Feb 2011
Message Posted: Aug 17, 2012 11:05:13 PM

so we sell then what happens when we need it ? remember there was a time when we were energy self suficent
Profile Pic
jpgilmor
Champion Author Houston

Posts:4,115
Points:1,143,270
Joined:Feb 2011
Message Posted: Aug 17, 2012 11:04:17 PM

Good news
Profile Pic
knot2swift
Champion Author Calgary

Posts:5,913
Points:1,045,645
Joined:Nov 2009
Message Posted: Aug 17, 2012 11:04:01 PM

Well great.

India is another idiot country that has no environmental standards. At over a billion of them, so what if a few million die a year. I see it as more air for me, more food and water for me.

We need to bring "Clean Coal Technology" to the world as well as here. We'll have a couple of hundred years worth of energy without dropping like flies.
Profile Pic
petrpuck
All-Star Author Hamilton

Posts:672
Points:632,420
Joined:Nov 2011
Message Posted: Aug 17, 2012 11:02:49 PM

we're in the money
Profile Pic
Marson
Champion Author Scranton

Posts:11,360
Points:2,642,700
Joined:Oct 2006
Message Posted: Aug 17, 2012 11:02:42 PM

Great for the Kentucky Coal miners and I too agree with I agree with clermont40miles!
Profile Pic
carpenter4u
Champion Author Virginia

Posts:3,499
Points:1,115,315
Joined:Jul 2011
Message Posted: Aug 17, 2012 10:59:53 PM

What is Obama going to do to try to stop this
Profile Pic
suzmar
Champion Author Texas

Posts:3,497
Points:1,358,015
Joined:Jun 2006
Message Posted: Aug 17, 2012 10:59:17 PM

Good for KY, I agree with clermont40miles!
Profile Pic
bra0712
Champion Author Arizona

Posts:5,464
Points:1,312,115
Joined:Nov 2008
Message Posted: Aug 17, 2012 10:57:55 PM

Cool
Post a reply Back to Topics