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Ky. coal producers win $7B contract

Tennessean / Courier Journal -- Kentucky coal producers have reached an agreement to export 9 million tons of coal annually to India for the next 25 years in a $7 billion deal that is a much needed shot in the arm to the region’s sagging mining industry.

The deal, which would represent about 8% of Kentucky’s annual coal production, could help avert future power outages such as the one last week that left more than 600 mil. people without electricity.

New Jersey-based FJS Energy LLC signed the deal with India’s Abhijeet Group to purchase coal exports from Kentucky and West Virginia through Kentucky-based affiliates FJSE Marshall and FJSE River Coal.

“International exports present a promising opportunity for Kentucky coal producers, as is demonstrated by this deal, and consequently for our communities whose econom

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Submitted Aug 17, 2012 By: DellDude2

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rjhenn Champion Author Des Moines Posts:22,419 Points:2,226,900 Joined:Aug 2005	Message Posted: Aug 21, 2012 11:17:44 AM Ignore rjhenn Report Abuse Honda, that power outage was in India.
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Aug 21, 2012 4:02:07 AM Ignore honda0105 Report Abuse funny how the projections always say "could help avert" or something along the lines. That would mean, that all production remains where the product was attained, not sold to the highest bidder.
honda0105 Champion Author Tallahassee Posts:18,599 Points:1,607,570 Joined:Nov 2008	Message Posted: Aug 20, 2012 3:59:50 AM Ignore honda0105 Report Abuse keep in mind the cost in human lives (not just direct loss, but indirect by means of black lung and other health issues cutting miners' lives short) and coal isn't as great an energy source as it appears. But then, when have Americans of the past 40 or 50 years really cared what happens to others.
LetemEatCake Champion Author Oklahoma City Posts:5,596 Points:1,203,580 Joined:Mar 2008	Message Posted: Aug 18, 2012 10:43:45 PM Ignore LetemEatCake Report Abuse Geez, do you really believe N5EXY that, " (In case of war Obama would) deprive America of the energy it needs to function and compete in the world." Really? It would be the biggest Nuclear War you could ever imagine. The strength of the US is that we have many form of energy....and don't depend on just 1 or 2 sources. Beside....with current technology, it would have to be either Canada or Mexico that would have to have the rockets to do so. Right now the only thing we don't like about the Canadian for is clogging up the lines at Costco. Scary!
sparky808 Champion Author Honolulu Posts:2,986 Points:595,785 Joined:Sep 2011	Message Posted: Aug 18, 2012 2:11:26 PM Ignore sparky808 Report Abuse Thank you for posting.
jethro5000 Champion Author Kentucky Posts:1,867 Points:389,285 Joined:Jun 2005	Message Posted: Aug 18, 2012 11:48:12 AM Ignore jethro5000 Report Abuse I heard this on the radio
kyjlh Champion Author Kentucky Posts:1,607 Points:649,760 Joined:Feb 2005	Message Posted: Aug 18, 2012 7:04:39 AM Ignore kyjlh Report Abuse good
tomok Champion Author Portland Posts:32,954 Points:2,343,560 Joined:Aug 2006	Message Posted: Aug 18, 2012 4:05:43 AM Ignore tomok Report Abuse Export coal to other countries and let them worry about the consequences. But, it's jobs for Kentucky and that’s a good thing. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost. The price of fuel at the pump is too high! 12/22/2012!
shstew Veteran Author British Columbia Posts:286 Points:312,770 Joined:Nov 2011	Message Posted: Aug 17, 2012 10:54:50 PM Ignore shstew Report Abuse Good for them
Bezalel Champion Author Oklahoma City Posts:12,088 Points:2,288,070 Joined:Oct 2006	Message Posted: Aug 17, 2012 10:34:04 PM Ignore Bezalel Report Abuse Export 'dirty' coal. Keep refined product here.
rahcat Champion Author Grand Rapids Posts:2,458 Points:660,250 Joined:Jan 2010	Message Posted: Aug 17, 2012 10:15:47 PM Ignore rahcat Report Abuse Just watch Obama try to kill this deal with his buddies at the EPA.
jrschl Champion Author Louisville Posts:2,953 Points:678,235 Joined:Jun 2011	Message Posted: Aug 17, 2012 10:07:27 PM Ignore jrschl Report Abuse Good for the economy. Plus more jobs to help clean up the pollution from India.
jrsva Champion Author Virginia Posts:9,841 Points:1,610,300 Joined:Jan 2006	Message Posted: Aug 17, 2012 10:06:14 PM Ignore jrsva Report Abuse That’s good for our balance of trade but bad from most other perspectives. It will probably be burned with lower standards for pollution control in India than in the US. Much Kentucky and West Virginia coal is mined by mountaintop removal / valley fill, which is extremely destructive. The mine owners and shippers will make a lot of money, the mine workers will make a little money, and the global environment will suffer.
heartbroken2010 Champion Author Ottawa Posts:4,334 Points:895,585 Joined:Aug 2010	Message Posted: Aug 17, 2012 10:06:07 PM Ignore heartbroken2010 Report Abuse good stuff.
N5EXY Champion Author Austin Posts:5,482 Points:1,507,830 Joined:Jul 2004	Message Posted: Aug 17, 2012 10:05:07 PM Ignore N5EXY Report Abuse If you still need a reason to defeat Obama then consider his administration’s intense effort to deprive America of the energy it needs to function and compete in the world. If a foreign nation had launched an attack on America to destroy its coal-fired plants, to shut down its coal mines, and to thwart its ability to drill for oil and natural gas, we would be at war with it.
shores4now Champion Author Kentucky Posts:2,396 Points:521,850 Joined:Jul 2009	Message Posted: Aug 17, 2012 10:03:41 PM Ignore shores4now Report Abuse great
LetemEatCake Champion Author Oklahoma City Posts:5,596 Points:1,203,580 Joined:Mar 2008	Message Posted: Aug 17, 2012 10:02:27 PM Ignore LetemEatCake Report Abuse A Win-Win for everybody!
mstearno Champion Author Dayton Posts:8,055 Points:1,729,430 Joined:Jan 2008	Message Posted: Aug 17, 2012 9:57:34 PM Ignore mstearno Report Abuse good for ky
millerin Champion Author Orlando Posts:2,295 Points:479,190 Joined:Jan 2012	Message Posted: Aug 17, 2012 9:54:06 PM Ignore millerin Report Abuse hmm...
brutherruther Veteran Author Fort Worth Posts:435 Points:237,540 Joined:Mar 2012	Message Posted: Aug 17, 2012 9:49:13 PM Ignore brutherruther Report Abuse Ok
southrob Champion Author Tucson Posts:3,590 Points:686,225 Joined:Mar 2011	Message Posted: Aug 17, 2012 9:46:40 PM Ignore southrob Report Abuse dhan for lower gas
firefly09 Champion Author San Diego Posts:2,488 Points:714,770 Joined:Mar 2009	Message Posted: Aug 17, 2012 9:45:12 PM Ignore firefly09 Report Abuse HMMMMMMMMMMMM.
SavALot Champion Author Virginia Beach Posts:8,459 Points:1,709,660 Joined:Apr 2005	Message Posted: Aug 17, 2012 9:43:05 PM Ignore SavALot Report Abuse That's a lot of zeroes
abcdMA Champion Author Worcester Posts:7,912 Points:1,573,030 Joined:Nov 2008	Message Posted: Aug 17, 2012 9:42:42 PM Ignore abcdMA Report Abuse high grade coal which could be part of our energy solution, instead, the administration puts restrictive regulations in place trying to kill coal in the US
Prodaddy Champion Author Houston Posts:8,365 Points:1,893,010 Joined:May 2007	Message Posted: Aug 17, 2012 9:40:47 PM Ignore Prodaddy Report Abuse Kentucky is full of high grade coal
cokezero All-Star Author Philadelphia Posts:830 Points:401,510 Joined:May 2009	Message Posted: Aug 17, 2012 9:39:43 PM Ignore cokezero Report Abuse ok
Mermaan Champion Author Boston Posts:1,572 Points:421,235 Joined:Apr 2011	Message Posted: Aug 17, 2012 9:35:05 PM Ignore Mermaan Report Abuse nice
drz614 Champion Author Harrisburg Posts:2,289 Points:595,670 Joined:Aug 2011	Message Posted: Aug 17, 2012 9:34:59 PM Ignore drz614 Report Abuse now we are selling our coal, great. we can't burn it here but other countries can? how messed up is that?
Tekkersmom57 Champion Author Syracuse Posts:1,865 Points:698,785 Joined:May 2010	Message Posted: Aug 17, 2012 9:34:18 PM Ignore Tekkersmom57 Report Abuse Very good post, clermont40miles!
AKmailman Champion Author Alaska Posts:5,623 Points:1,555,615 Joined:Jul 2004	Message Posted: Aug 17, 2012 9:34:03 PM Ignore AKmailman Report Abuse there's nothing wrong with coal, creates more US jobs and who gives a rats a$$ what they do in the rest of the world
Blue48 Champion Author Illinois Posts:7,295 Points:1,635,995 Joined:Feb 2007	Message Posted: Aug 17, 2012 9:33:28 PM Ignore Blue48 Report Abuse GOOD NEWS FOR THEM!
n3tbc Veteran Author Wilmington Posts:355 Points:332,825 Joined:Sep 2011	Message Posted: Aug 17, 2012 9:28:45 PM Ignore n3tbc Report Abuse Total carbon footprint never changes. We clean up and the rest of the world gets worse...
itsjustme719 All-Star Author Hamilton Posts:611 Points:597,700 Joined:Dec 2010	Message Posted: Aug 17, 2012 9:28:26 PM Ignore itsjustme719 Report Abuse Don't use coal, it's bad for the environment, but we can promote other countries to use it.
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: Aug 17, 2012 9:27:03 PM Ignore uptherefiners Report Abuse I feel better that people in india won't be left in the dark I really DON'T feel better that people in the USofA might be left in the dark wade through the bullshit, and vote with your brains this time
gmcgas Champion Author Atlanta Posts:5,942 Points:1,712,120 Joined:Mar 2004	Message Posted: Aug 17, 2012 9:23:42 PM Ignore gmcgas Report Abuse just stupid. we could use it.
grandamgt1 Champion Author Illinois Posts:2,331 Points:1,237,400 Joined:Apr 2008	Message Posted: Aug 17, 2012 9:20:38 PM Ignore grandamgt1 Report Abuse Funny how we're trying to be "green" in this country by not wanting to use coal, but we're all for exporting this valuable resource. Wouldn't it make more sense to use our own coal, and let India use windmills? [Edited by: grandamgt1 at 8/17/2012 11:24:29 PM EST]
mdskier Champion Author Maryland Posts:9,930 Points:1,781,635 Joined:Aug 2005	Message Posted: Aug 17, 2012 9:14:11 PM Ignore mdskier Report Abuse So we spend $$ on clean energy & India burns our smelly old coal. Is this cleaning up the planet?
Cableman66 Champion Author North Carolina Posts:2,105 Points:488,970 Joined:May 2011	Message Posted: Aug 17, 2012 9:13:46 PM Ignore Cableman66 Report Abuse Jobs equal money, food and other such simple items. Those who opose sale of coal must have plenty $$$ so share with your neighbor. That's right this is Obama's plan. No jobs and take your money for others.
mcmonsta Champion Author Honolulu Posts:3,217 Points:815,845 Joined:Sep 2009	Message Posted: Aug 17, 2012 9:10:59 PM Ignore mcmonsta Report Abuse and guess who profits from this Clean energy?
serrog Champion Author Nova Scotia Posts:5,554 Points:1,510,180 Joined:Oct 2008	Message Posted: Aug 17, 2012 9:10:46 PM Ignore serrog Report Abuse How green was our planet
wayoung56 Champion Author Alabama Posts:2,790 Points:816,385 Joined:Oct 2006	Message Posted: Aug 17, 2012 9:09:24 PM Ignore wayoung56 Report Abuse Wonder why the EPA hasn't tried to squash this???
John747 Champion Author Chicago Posts:472,063 Points:3,622,960 Joined:Aug 2001	Message Posted: Aug 17, 2012 9:07:02 PM Ignore John747 Report Abuse The so-called "clean coal technology" can also be called "expensive technology." Poor people in countries like India need immediate access to "cheap, affordable technology."
farn1958 All-Star Author Twin Cities Posts:886 Points:183,385 Joined:Feb 2011	Message Posted: Aug 17, 2012 9:05:13 PM Ignore farn1958 Report Abuse so we sell then what happens when we need it ? remember there was a time when we were energy self suficent
jpgilmor Champion Author Houston Posts:2,155 Points:601,125 Joined:Feb 2011	Message Posted: Aug 17, 2012 9:04:17 PM Ignore jpgilmor Report Abuse Good news
knot2swift Champion Author Calgary Posts:4,374 Points:695,250 Joined:Nov 2009	Message Posted: Aug 17, 2012 9:04:01 PM Ignore knot2swift Report Abuse Well great. India is another idiot country that has no environmental standards. At over a billion of them, so what if a few million die a year. I see it as more air for me, more food and water for me. We need to bring "Clean Coal Technology" to the world as well as here. We'll have a couple of hundred years worth of energy without dropping like flies.
petrpuck All-Star Author Hamilton Posts:559 Points:416,460 Joined:Nov 2011	Message Posted: Aug 17, 2012 9:02:49 PM Ignore petrpuck Report Abuse we're in the money
Marson Champion Author Scranton Posts:8,932 Points:2,075,235 Joined:Oct 2006	Message Posted: Aug 17, 2012 9:02:42 PM Ignore Marson Report Abuse Great for the Kentucky Coal miners and I too agree with I agree with clermont40miles!
carpenter4u Champion Author Virginia Posts:2,436 Points:614,895 Joined:Jul 2011	Message Posted: Aug 17, 2012 8:59:53 PM Ignore carpenter4u Report Abuse What is Obama going to do to try to stop this
suzmar Champion Author Texas Posts:2,211 Points:870,220 Joined:Jun 2006	Message Posted: Aug 17, 2012 8:59:17 PM Ignore suzmar Report Abuse Good for KY, I agree with clermont40miles!
bra0712 Champion Author Arizona Posts:3,655 Points:766,620 Joined:Nov 2008	Message Posted: Aug 17, 2012 8:57:55 PM Ignore bra0712 Report Abuse Cool