Coal's Colossal Comeback
https://townhall.com/columnists/stephenmoore/2017/04/18/coals-colossal-comeback-n2314519 Apr 18, 2017
Buried in an otherwise-humdrum jobs report was the jaw-dropping pronouncement by the Department of Labor that mining jobs in America were
up by 11,000 in March. Since the low point in October 2016, and following years of painful layoffs in the mining industry, the
mining sector has added 35,000 jobs.
What a turnaround. Liberals have been saying that Donald Trump was lying to the American people when he said that he could bring coal jobs back. Well, so far, he has delivered on his promise.
There's more good news for the coal industry. Earlier this month, Peabody Energy -- America's largest coal producer -- moved out of bankruptcy, and its stock is actively trading again. Its market cap had sunk by almost 90 percent during Barack Obama's years in office. Arch Coal is also out of bankruptcy.
It turns out that, after all, elections do have consequences. The Obama administration and its allies, such as the Sierra Club, tried to kill coal because of their obsession with global warming. Regime change in Washington has brought King Coal back to life....