PHILIP BUMP – Coal companies are in a bit of a bind. Well, a few binds, really, but let’s just focus on one at a time, shall we? Demand for their product domestically has dropped significantly of late, as prices of natural gas have remained low. But demand remains high overseas: In Europe, certainly, but particularly in Asia. So if you are running a coal company (which, if you are: Hello!), there’s an obvious solution. Take all that coal and ship it to China and India. Or maybe it’s not that easy.
Tag: Sen. Ron Wyden
Why We Must Reduce Military Spending
REPS. BARNEY FRANK AND RON PAUL — As members of opposing political parties, we disagree on a number of important issues. But we must not allow honest disagreement over some issues to interfere with our ability to work together when we do agree. By far the single most important of these is our current initiative to include substantial reductions in the projected level of American military spending as part of future deficit reduction efforts.