American Thinker "The Obama administration's war on coal claimed its most significant victim as Peabody Coal, the largest private coal company in the world, filed for bankruptcy today, citing several factors, including "ongoging regulatory challenges." CNN Money: . . .
. . . "Would Peabody be bankrupt if the government had kept its nose out of the energy business? It's a seductive theory but market forces appear to have played a larger role than government interference.
"The fact is natural gas, mostly obtained from hydraulic fracturing, is booming and utility companies see the writing on the wall regarding the cost of coal going up as a result of the goverment's "war on carbon." Even without the price increase, natural gas would still be the winner given the oversupply for the foreseeable future. "
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