CA-Black-Transp

DOI Releases Flawed Royalty Plan

After four years of examination and public input, the U.S. Department of Interior (DOI) published reforms that it said will more properly value the royalties the nation receives from the energy sources found on federal lands, namely coal, oil and natural gas. This would be the first significant adjustment to the system in more than 10 years.

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EPA Stacks the Deck with ‘Independent’ Science Panel

While much of the disruptive damage to the coal chain may look irreparable, there are a few groups dogging the U.S. Environmental Protection Agency (EPA) and exposing the agency’s shady methods for advancing President Obama’s clean power agenda. One of those is the Energy & Environment Legal Institute (E&E Legal), headed by Dr. David Schnare, who is a 33-year veteran of the EPA.

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The View from Rock Bottom

The term “rock bottom” is often used to describe a great loss, such as financial ruin. Its derivation can be traced back to coal mining in the late 1800s as a description of the harder bedrock formation lying below the coal bed, and using it to describe the current state of the coal business would be relevant. The irony would be humorous if it were not so tragic, especially when one considers the tens of thousands of coal miners who have lost their jobs. As difficult as it will be to manage through the bottom of this cycle, better times lie ahead.

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Historically Challenged

The opening spread for News this month has three items that Coal Age readers probably never thought they would ever see. First, former Massey Energy CEO Don Blankenship has been sentenced to prison. As this edition was going to press, Peabody Energy, one of the world’s largest coal producers, filed for bankruptcy. Also, total coal production in the U.S. continues to plummet.

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OSM Skirts Rules to Rush SPR Rulemaking

On February 3, the Senate Environment and Public Works committee held a hearing on the Stream Protection Rule (SPR) being proposed by the Office of Surface Mining (OSM). This proposed rule poses the greatest and most immediate threat to U.S. coal production, and the Obama administration will likely rush it through the system this summer while the country is distracted by election year banter.

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