Re: Anyone work in the Coal mining business

Posted by John_PA on August 04, 2014 at 00:25:38 from (71.182.171.195):

In Reply to: Anyone work in the Coal mining business posted by wile E on August 03, 2014 at 03:55:52:

Somehow my picture got blow up too big, and the rest of my post got cut off. I guess I am not good at the internet.

FullersFarmalls,

Yes, I am not near Indiana, I am near Burgettstown, PA. It's a big difference in maps, but a small difference in how the land is treated.



I think you are near a town south of Blairsville where my buddy lived while going to Wyotech.





My post messed up the format of this whole thread. Not sure how that happened. I also lost the last part of my post.

What I can say is that things around here have not gotten better after the coal boom. The workers moved away, and the locals that stayed aren't doing too well. Coal was the main reason anyone moved here. There is a reason why there is a road named after my family, and why They helped to name the township. There is also a reason they fought in the revolutionary war and the war of 1812. It wasn't coal. They don't matter much, as the bulk of the people moved here after the railroad and the coal. Now, the railroad and coal are both gone. Nothing left on the barren land. The land was given to the PA Game Commission. That is the most corrupt bunch of butt holes to ever grace the surface of this planet.

Nothing ever got better, only worse. If I could fix things, I would. No one will ever have a clue as to what the impact has been, and no one cares.

It's those that have been here for the whole ride that know, and there aren't many left. It's bad.



What I do know is that it can't happen again, even though small coal still moves in occasionally. It's not big coal to come in. There are places big coal could thrive, but they can't because they have already lost the environmental battle. The ones that survive are the gas companies. It's much less impact, much less disturbance, and in general, much less stress. They will win.

Coal will be around. But, will it ever heat as many homes as natural gas will? NOT A CHANCE! EVER! Don't fool yourself. It won't happen.

This is a sore subject for me, because I live this everyday and I know what happens. Anyone who can step into my shoes and prove me wrong, please do.

Invest in gas, not coal. It just won't make you money. I hear Oats are a good investment due to the nat gas back-up of the railroads in Canada. The best stock to hit the modern market was actually the oats commodity. IT went from a low of $2, to a high of near $4.50. If you had your money only in oats, you would have been a profit.

Say you had $200,000 in oats. Hold that until the winter scare, and now you have $450,000 in oats, in less than 1 year. That's an investment. But who would dump their whole nine yards into oats?

It's a matter of knowing things before it happens. My claim is that I know powerplants are closing, the coal is leaving in mass droves, and natural gas is arriving.

This is just my opinion. Take it as such, but if you could be me, you would see where to hedge and where to pull back completely.

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