|Obama Fights for Coal in Ukraine|
|by Tom McGregor||Fri, Apr 18, 2014, 12:18 AM|
When Barack Obama campaigned for President in 2008, he told a group of Eco-investors in San Francisco that he would wage a war on coal. Nonetheless, he is considering a deployment of US Troops to the Eastern Ukraine to protect coal mines from falling into the hands of Moscow.
According to the Moscow Times, "With increased tensions in eastern Ukraine, home of the coal basin in the Donetsk and Luhansk regions, the energy future of the country seems as bleak as ever. Despite being Europe's preferred alternative to Russian gas, coal does not often receive much spotlight. Ironically, most of Europe's growing coal import comes from Russia anyway."
Consequently, Obama could become the Messiah for the global coal industry.
As reported by the Moscow Times, "If the eastern regions of Ukraine were ever to shift to Russia's orbit, Ukraine could potentially lose control of 45.6 percent of its coal reserves. In 2011, the International Energy Agency showed that Ukraine used coal to generate 38 percent of its electricity and 13 percent of its heat sources. The loss of the Donets coal basin, which is three times as large as the Ruhr coalfield in Germany, would be a substantial economic blow to Ukraine. Unless Poland can somehow manage to boost its fledgling shale gas sector or complete liquefied natural gas terminals, it is unlikely that Ukraine's coal-rich northwestern neighbor can help."
Obama is saying, "Yes we can" to coal energy.
To read the entire article from the Moscow Times, link here:
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