The COAL Hard Facts:
‘Old King Coal’ is Still King
Can America get its fiscal house in order or could it fall into bankruptcy?
By Wayne T. Rutherford, Pike County (Kentucky) Judge/Executive
We, as Americans, cannot continue to kick the can down the road. How can we get the facts with some polls showing most Americans are ignorant to the United States’ budget situation?
Facts are sometimes a stubborn thing. Let’s take a hard look at America’s financial and energy realities of today: debt and deficiency, instability in the Middle East where most of the oil we import is produced and Japan’s nuclear plants melting down. Has anyone ever heard of a coal-fueled power plant melting down?
I was astounded to discover that America now borrows 42 CENTS of every DOLLAR that is spent. Are we stupid? Wake up America!
America spends $400,000 PER MINUTE, $15 MILLION PER HOUR, AND $360 MILLION PER DAY on imported oil. America imports more than 60 percent of the oil it consumes, and the military is the largest user. To continue to spend this amount on imported foreign oil means the poorhouse is just around the corner.
The rate of spending on imported oil has wounded America’s economy. OVER A TRILLION DOLLARS A YEAR! America must stop this economic drain.
Can America free itself from its dependence on imported foreign oil? The answer is yes and the solution is simple: by using the abundant energy source produced within our borders – COAL. America has COAL reserves that will last for 245 years and COAL is by far the most inexpensive source of fuel per BTU. America’s COAL deposits contain more energy than the entire world’s oil.
America can’t continue to look beyond coal and our unavoidable energy demands will have to be met. COAL fuels more electricity in America than all other sources combined. Electricity from COAL is essential and affordable. America has over 22 percent of the world’s COAL reserves and has only a mere 3 percent of the world’s natural gas reserves. Using COAL mined right here in the United States would save this great country from possible bankruptcy.
COAL is the beneficiary of the Japan’s nuclear power plant issues. Nuclear radiation causes cancer, brings death and is allowing people to get re-acquainted with America’s best and safest energy friend – COAL.
It is projected that domestic COAL production must double by 2020 to meet America’s electricity needs. America’s insatiable lust for petroleum to maintain a way of life or quality of life has put America in peril – our financial house could fall.
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