Fortunately, the longterm solutions to the coming economic crises are in place (assuming the energy bill(s) is(are) still moving). Regardless, the financial sector is still going to suffer collapse after collapse, causing wealth to vanish, and credit to tighten.

Fortunately, overseas firms are taking advantage of this situation to invest in expanding their production capabilities and sourcing with the US, to leverage the weak dollar. Foreign automakers are especially realizing the necessity to increase production in the US for vehicles intended for sale in the US, as they are taking a loss selling Euro costed vehicles for US dollars.

I believe the next president, Rep or Dem, will be a single term president, as these economic crises won't allow any prez to look good.

...
I believe the next president, Rep or Dem, will be a single term president, as these economic crises won't allow any prez to look good.

God willing! What an awful group of candidates.

God willing! What an awful group of candidates.

Political correctness has replaced leaders with appeasers.

Fortunately, the longterm solutions to the coming economic crises are in place (assuming the energy bill(s) is(are) still moving). Regardless, the financial sector is still going to suffer collapse after collapse, causing wealth to vanish, and credit to tighten.

Fortunately, overseas firms are taking advantage of this situation to invest in expanding their production capabilities and sourcing with the US, to leverage the weak dollar. Foreign automakers are especially realizing the necessity to increase production in the US for vehicles intended for sale in the US, as they are taking a loss selling Euro costed vehicles for US dollars.

I believe the next president, Rep or Dem, will be a single term president, as these economic crises won't allow any prez to look good.

I hope your optimism is justified. I see some possibilities but enough direction yet.

Yes, you'ld think we would have had to post on Jobtracker to find a willing candidate. The winner will have earned a buzzsaw.

There is an interesting situation occurring with several European companies outsourcing their biodiesel production to sites within the United States. The weak dollar is also playing a role, in addition to many other things, in China's newly-acquired taste for American coal.

There is an interesting situation occurring with several European companies outsourcing their biodiesel production to sites within the United States. The weak dollar is also playing a role, in addition to many other things, in China's newly-acquired taste for American coal.

Yes, I've heard BMW is pushing production of their vehicles, intended for sale in the US, to US assembly plants, as they are loosing money, due to currency exchange rates, on the vehicles produced in Europe.

As for China's coal consumption, I could be wrong, but I was under the impression that China has enormous reserves of coal themselves. I do know that many burn coal in their own homes, using specially formed coal bricks made for coal stoves - I was stunned when I saw it in a documentary.

The United States will export 7 percent or 8 percent of its coal production this year, up from about 5 percent last year, industry leaders predicted in interviews. Because of higher prices, the value of coal exports should double, rising to $ 3. 75 billion.

U. S. exports of coal grew from 49 million tons in 2006 to about 55 million tons in 2007, according to coal industry statistics, while domestic production increased by 1 percent. Coal executives say they expect exports to reach 80 million tons this year and, with railroad and port improvements, to rise to as much as 120 million tons in the next few years.




The boom in coal exports is partly linked to a falling dollar, which makes American coal cheaper on world markets. But there are deeper, longer-term reasons for the world to turn to the U. S., which has 27 percent of the world’s coal reserves, more than any other country.

As it continues a building spree for coal-fired power plants, China is consuming so much coal that its ability to export is diminishing rapidly; it is expected to become a net importer. Other exporters like South Africa, Indonesia and Vietnam are cutting back for reasons, including growing domestic needs and local power shortages. Recent flooding in Australia has cut exports, at least temporarily, while an earthquake closed a major mine in Germany.

Meanwhile, India is building huge coal plants that will require growing imports, and Russia is using more and more coal to make natural gas available for export.


http://www.nwanews.com/adg/Business/220665/

blakec,

Thanks for the newsflash on US coal exports. Seeing how the US won't be building many (or any) more coal plants, I suppose coal mines needed to look for foreign customers to maintain sales revenue growth.

All the more reason for the US to move to hydro, solar, wind, etc. - looks like our 200 year supply might be consumed sooner than we thought.