Monday, June 12, 2017

Even Trump Administration Economist Thinks Coal Doesn’t Make Sense

Gary Cohn is in a Lot of Trouble for Speaking the Truth

Everybody except Donald Trump, politicians from coal country and a few diehards know that coal as a fuel for generating electricity is done for.  It’s just a matter of time.  So normally it would not be news if a government official said this about coal.

The president's chief economic adviser is casting doubt on the future of U.S. coal, saying it "doesn't really make that much sense anymore as a feedstock," directly contradicting President Donald Trump's repeated promises to revive the struggling coal industry.

But of course speaking the truth, normally a positive attribute, is not considered the right thing to do in the Trump administration.

At a ceremony in March, Trump was flanked on stage by more than a dozen coal miners as he signed an executive order that eliminated a host of Obama-era restrictions on fossil fuels, breaking with leaders across the globe who have embraced cleaner energy sources.

"That is what this is all about: bringing back our jobs, bringing back our dreams and making America wealthy again," Trump said.

The miners "told me about the efforts to shut down their mines, their communities and their very way of life. I made them this promise: We will put our miners back to work," Trump said. "My administration is putting an end to the war on coal."

So the only question here is how much longer Trump will be shoveling out this drivel and how much longer those with their heads in the sand will keep believing.  Pretty long is the bet here.

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