A ccording to Reuters, “The demand for coal to generate power and make steel is growing, but environmental bureaucracy is making it more difficult to mine the fuel, the head of Massey Energy said on Wednesday.
“Our government is at least temporarily impeding the attainment of coal’s full value … and frustrating domestic opportunities for production growth,” Chief Executive Officer Don Blankenship told Wall Street analysts.
“More production reductions will likely occur in central Appalachia as a result of the generally weak economic conditions and increasing regulatory and permitting constraints.”
“But coal will continue to be in demand throughout the world and ultimately people will demand the benefits to be derived from coal,” he said.”
Source: Reuters
