Coal investor Murray Energy files for Bankruptcy.

T

Tacomaman

Verified User
Murray Energy bought several bankrupt mining operations in 2017 believing Trump's hype about reviving the coal industry. Along with the 50 coal plants that have shut down since Trump took office, more people now work at Arby's than the coal industry.
 
Tacomaman, and they can do it. All the failures of companies like that - is a huge problem for those regions, where people do not have any other options to earn money. It seems like some offshore business could help in that situation. Offshore accounts can be registered in pretty easy way, way easier than it was before, simply online. Company Prifinance, that I found recently gives for customers all around the world, huge reliability of their financial resources.
 
Clinton argued rather unartfully that miners were going to lose jobs. Coal is a diminishing resource. It is not being used like it was. That shrinks everything, jobs, mines, and salaries. Clinton suggested that miners should be retrained into alternative energy. She was right. The truth offended people who were miners and were making big bucks. Who wants to face it that soon their lives will be in upheaval.
Trump simply lied saying what he knew they wanted to hear.l Trump played them like he plays everyone.
 
I hate investing in commodities. They always are boom and bust. I had several oil companies in my portfolio that tanked.
Not sure if tobacco companies are considered commodities but those have consistently done well for me.
 
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