Congress calls to stop the 'War on Coal' - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Congress calls to stop the 'War on Coal'
Started:October 10th, 2012 (07:47 PM) by kbit Views / Replies:518 / 0
Last Reply:October 10th, 2012 (07:47 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Congress calls to stop the 'War on Coal'

Old October 10th, 2012, 07:47 PM   #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,839 since Nov 2010
Thanks: 3,275 given, 3,321 received

Congress calls to stop the 'War on Coal'

One of the last votes taken by the 112th Congress was HR 3409, and 233 members of the House of Representatives, mostly Republicans, voted in favor of it, saying it will save jobs. They named the legislation “The Stop the War on Coal Act of 2012.”

“Those who believe that there is no war on coal are in dangerous denial.The actions of this administration against coal have caused massive uncertainty in the marketplace,” said Rep. David McKinley, (R-WV).
Inside the bill, there were massive restrictions on environmental regulations, which supporters say cost the coal industry millions and prevent it from expanding.

“This bill takes a lot of simple and long overdue steps to reign in the Obama administration’s out of control EPA which is waging all-out war on American energy and coal is at the heart of that war,” said Rep. Ralph Hall (R- TX).
Opponents however call it the “polluter’s bill of rights.” They say it makes the air less safe to breathe, blocks efforts to safely dispose of coal ash and severely weakens the Clean Water Act.

Some lawmakers said it’s hypocritical to talk about the immorality of passing along debt to future generations and then support this.

“Bills like this one are piling another form of debt on our children,” said Rep Theodore Deutch (D-FL).“We are leaving them to deal with the consequences of letting coal companies that pollute the air that our children breathe and the water that they drink.”

The issue is one that’s already become part of the national presidential campaign.
Energy is of course a hot topic in every election.And like so many of the bills drawn up and voted on in congress, The Stop the war on coal legislation never stood a chance of actually becoming law. Overall this highlights a broader question – what do lawmakers actually get done? At a cost of $4.8 million a day, just to fund the House of Representatives, it’s an issue that warrants a closer look.

Congress calls to stop the 'War on Coal' — RT

Reply With Quote

Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Congress calls to stop the 'War on Coal'

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
UK bets on biomass in move away from coal kbit News and Current Events 0 May 27th, 2012 10:42 AM
EPA Proposals: End of Coal or Dawn of New Energy? kbit News and Current Events 0 March 29th, 2012 09:55 PM
Congress resists the Stop Online Piracy Act kbit News and Current Events 0 January 15th, 2012 11:19 AM
Stop Investing Until Congress Resolves Debt Impasse: Bove Quick Summary News and Current Events 0 July 27th, 2011 06:20 PM
Stop the Fiscal War Against Our Children Now kbit News and Current Events 0 June 29th, 2011 03:21 PM

All times are GMT -4. The time now is 03:35 PM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-26 in 0.07 seconds with 19 queries on phoenix via your IP