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Ky. coal producers win $7B contract

Tennessean / Courier Journal -- Kentucky coal producers have reached an agreement to export 9 million tons of coal annually to India for the next 25 years in a $7 billion deal that is a much needed shot in the arm to the region’s sagging mining industry.

The deal, which would represent about 8% of Kentucky’s annual coal production, could help avert future power outages such as the one last week that left more than 600 mil. people without electricity.

New Jersey-based FJS Energy LLC signed the deal with India’s Abhijeet Group to purchase coal exports from Kentucky and West Virginia through Kentucky-based affiliates FJSE Marshall and FJSE River Coal.

“International exports present a promising opportunity for Kentucky coal producers, as is demonstrated by this deal, and consequently for our communities whose econom

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Submitted Aug 17, 2012 By: DellDude2

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suzmar Champion Author Texas Posts:2,212 Points:871,115 Joined:Jun 2006	Message Posted: Aug 17, 2012 7:59:17 PM Ignore suzmar Report Abuse Good for KY, I agree with clermont40miles!
bra0712 Champion Author Arizona Posts:3,655 Points:766,620 Joined:Nov 2008	Message Posted: Aug 17, 2012 7:57:55 PM Ignore bra0712 Report Abuse Cool
DriverofRed Champion Author Calgary Posts:2,173 Points:411,885 Joined:Dec 2011	Message Posted: Aug 17, 2012 7:56:57 PM Ignore DriverofRed Report Abuse ok
gasgo123 Veteran Author South Carolina Posts:278 Points:1,768,920 Joined:May 2005	Message Posted: Aug 17, 2012 7:56:33 PM Ignore gasgo123 Report Abuse Good for them, I hope they can export a lot more.
clermont40miles Champion Author Cincinnati Posts:10,562 Points:1,770,920 Joined:Apr 2008	Message Posted: Aug 17, 2012 7:56:00 PM Ignore clermont40miles Report Abuse Greenies don't like this: “Strip mining Kentucky to cause pollution in India, and worsen global warming everywhere, is a big mistake,” said Jamie Henn, spokeswoman for 350.org Let the greenies walk. Let them freeze. Let them go broke. Let them go first. Let them mind their own business. What India pays for and does with the product is NONE OF THE GREENIES' BUSINESS. Green is red.
kishoreCA Champion Author Ventura Posts:3,107 Points:390,945 Joined:Mar 2012	Message Posted: Aug 17, 2012 7:52:43 PM Ignore kishoreCA Report Abuse good deal
SpankyMI Champion Author Kalamazoo Posts:2,703 Points:758,305 Joined:Jan 2011	Message Posted: Aug 17, 2012 7:49:30 PM Ignore SpankyMI Report Abuse We (the USA) may need this much more than the Chinese, before then.
WIWalt Champion Author Wisconsin Posts:1,724 Points:414,755 Joined:Mar 2012	Message Posted: Aug 17, 2012 7:47:56 PM Ignore WIWalt Report Abuse Good for KY
FunMyster All-Star Author Indiana Posts:907 Points:73,215 Joined:Jul 2011	Message Posted: Aug 17, 2012 7:33:16 PM Ignore FunMyster Report Abuse ok
darkknight1 Champion Author Winston-Salem Posts:4,330 Points:894,110 Joined:Nov 2010	Message Posted: Aug 17, 2012 7:33:14 PM Ignore darkknight1 Report Abuse Can't say I blame them.
spud5559 Veteran Author Yakima Posts:287 Points:85,465 Joined:Jul 2012	Message Posted: Aug 17, 2012 7:31:15 PM Ignore spud5559 Report Abuse Bad news for all but it will be better soon for He coming back
MDTDriver Champion Author California Posts:9,719 Points:2,153,670 Joined:Jul 2006	Message Posted: Aug 17, 2012 7:27:18 PM Ignore MDTDriver Report Abuse Produce in USA and Export out of USA?
paleface17 Rookie Author Indiana Posts:44 Points:12,735 Joined:Jun 2012	Message Posted: Aug 17, 2012 7:27:10 PM Ignore paleface17 Report Abuse Will Obama and the EPA allow this ??????
GOBUTLER Champion Author Indianapolis Posts:1,425 Points:389,085 Joined:Dec 2011	Message Posted: Aug 17, 2012 7:26:12 PM Ignore GOBUTLER Report Abuse Good
kyjlh Champion Author Kentucky Posts:1,614 Points:650,850 Joined:Feb 2005	Message Posted: Aug 17, 2012 7:21:30 PM Ignore kyjlh Report Abuse Bad news for Obama who want's to shut down coal
cateyes8264 Champion Author Tennessee Posts:2,957 Points:641,865 Joined:Jul 2011	Message Posted: Aug 17, 2012 7:20:57 PM Ignore cateyes8264 Report Abuse Good news for the jobs and economy in KY, but this is just like the oil we drill in the US, export our resources and pay double to import them???
95Vette Champion Author Missouri Posts:2,515 Points:630,705 Joined:Sep 2005	Message Posted: Aug 17, 2012 7:20:45 PM Ignore 95Vette Report Abuse Yep.. India has to have more power so they can energize all those call centers that all the big corporations have over there for cheap labor... So we can have fewer and fewer jobs here in the US...
whaboush Champion Author Richmond Posts:1,233 Points:729,910 Joined:Nov 2010	Message Posted: Aug 17, 2012 7:18:55 PM Ignore whaboush Report Abuse Go KY!!
bonzoonfmb Champion Author Florida Posts:1,777 Points:642,860 Joined:Feb 2010	Message Posted: Aug 17, 2012 7:18:34 PM Ignore bonzoonfmb Report Abuse Sucks that the EPA won't let a domestic product be used in the U.S.
mgune9 All-Star Author Dallas Posts:914 Points:200,395 Joined:Feb 2012	Message Posted: Aug 17, 2012 7:17:51 PM Ignore mgune9 Report Abuse good news
g747 Champion Author Mobile Posts:4,531 Points:931,720 Joined:Jul 2009	Message Posted: Aug 17, 2012 7:16:25 PM Ignore g747 Report Abuse Great news for y'all.
skyking19 Champion Author Little Rock Posts:1,996 Points:1,697,965 Joined:Jan 2007	Message Posted: Aug 17, 2012 7:13:47 PM Ignore skyking19 Report Abuse Great
herbiepopnecker Champion Author British Columbia Posts:13,596 Points:2,505,355 Joined:Sep 2005	Message Posted: Aug 17, 2012 7:13:28 PM Ignore herbiepopnecker Report Abuse WTF does winning an export contract have to do with "greenies"? They just did a $7 billion deal that brings money into the USA and keeps people working, and most of you are posting negative comments.
atdinut Champion Author California Posts:1,608 Points:353,985 Joined:Apr 2012	Message Posted: Aug 17, 2012 7:13:13 PM Ignore atdinut Report Abuse That much more pollution with no regulation in India!
nimpy Champion Author Indianapolis Posts:8,130 Points:1,700,130 Joined:Oct 2007	Message Posted: Aug 17, 2012 7:12:43 PM Ignore nimpy Report Abuse good for Kentucky bad for the US
plbell627 Champion Author Dayton Posts:5,138 Points:1,201,305 Joined:Mar 2007	Message Posted: Aug 17, 2012 7:10:01 PM Ignore plbell627 Report Abuse Good deal for Kentucky!!
Quick68 Champion Author Columbus Posts:8,218 Points:1,224,825 Joined:Dec 2009	Message Posted: Aug 17, 2012 7:08:27 PM Ignore Quick68 Report Abuse Maybe the American people would be better off if China did take over. We would have zero % unemployment.
ESCORT6768 Champion Author Iowa Posts:1,067 Points:610,065 Joined:Sep 2005	Message Posted: Aug 17, 2012 7:07:32 PM Ignore ESCORT6768 Report Abuse Does it make sense to close our coal burning power plants that have made advances in cutting pollutants and sell coal to a country whose plants are 50 years behind us.
iceman11 Champion Author Ontario Posts:2,715 Points:536,425 Joined:Feb 2011	Message Posted: Aug 17, 2012 7:04:58 PM Ignore iceman11 Report Abuse Hmmm
fallbaby All-Star Author Indiana Posts:703 Points:306,590 Joined:Mar 2012	Message Posted: Aug 17, 2012 7:01:41 PM Ignore fallbaby Report Abuse ok
jodybull All-Star Author El Paso Posts:767 Points:140,880 Joined:May 2012	Message Posted: Aug 17, 2012 7:01:25 PM Ignore jodybull Report Abuse Uh....are we going to need that coal ourselves in the future? Our population is growing by leaps and bounds. Please refer to the movie "Soylent Green!"
idigau22 Champion Author Washington Posts:23,397 Points:3,200,035 Joined:Apr 2003	Message Posted: Aug 17, 2012 7:00:36 PM Ignore idigau22 Report Abuse Glad someone is putting out of work Americans back to work!!
me2002 All-Star Author Toledo Posts:763 Points:319,205 Joined:Dec 2011	Message Posted: Aug 17, 2012 6:58:11 PM Ignore me2002 Report Abuse Another great example of how the greenies are costing us money.
ericbcire Champion Author Nevada Posts:4,515 Points:1,265,660 Joined:Aug 2009	Message Posted: Aug 17, 2012 6:57:48 PM Ignore ericbcire Report Abuse Good for them.
RevDrCBJ Veteran Author Ann Arbor Posts:363 Points:187,010 Joined:Jul 2011	Message Posted: Aug 17, 2012 6:57:34 PM Ignore RevDrCBJ Report Abuse Air Quality?
listerone Champion Author Boston Posts:3,375 Points:877,040 Joined:Aug 2008	Message Posted: Aug 17, 2012 6:57:08 PM Ignore listerone Report Abuse Things will changeunder President Romney.He'll flush out all those fellow travelers at the EPA.
carman11 Champion Author North Carolina Posts:3,332 Points:690,750 Joined:Jun 2011	Message Posted: Aug 17, 2012 6:54:13 PM Ignore carman11 Report Abuse WHAT CAN I SAY!!!!
rampower80 Champion Author Kentucky Posts:2,034 Points:460,715 Joined:Jan 2012	Message Posted: Aug 17, 2012 6:46:40 PM Ignore rampower80 Report Abuse Yippee KY. Just goes to show you the fallacy of the left green agenda. We sell cheap national resourcs overseas to only subsidize government green projects at eight times the cost. How stupid, plus the coal will be burned at plants that don't follow US EPA standards so the green house gases and the pollution released will be worse on the world environment.
MINIWINI598 Champion Author Washington Posts:3,012 Points:517,725 Joined:Dec 2011	Message Posted: Aug 17, 2012 6:46:13 PM Ignore MINIWINI598 Report Abuse ok
gerreg All-Star Author Nebraska Posts:774 Points:1,645,180 Joined:Jun 2007	Message Posted: Aug 17, 2012 6:46:02 PM Ignore gerreg Report Abuse ok
cricket48750 All-Star Author Michigan Posts:792 Points:411,630 Joined:May 2011	Message Posted: Aug 17, 2012 6:45:19 PM Ignore cricket48750 Report Abuse We export coal so that other countries can pollute with it
walkingtall Champion Author Toronto Posts:3,989 Points:1,119,730 Joined:Nov 2004	Message Posted: Aug 17, 2012 6:45:11 PM Ignore walkingtall Report Abuse Kentucky coal producers win seven billion dollar contract and we ship our resources oversea and pay higher prices.
vulcan96 Champion Author Ohio Posts:26,896 Points:3,102,700 Joined:Aug 2004	Message Posted: Aug 17, 2012 6:40:40 PM Ignore vulcan96 Report Abuse that should help the trade imbalance a little bit...
Darkneoboi Rookie Author Connecticut Posts:7 Points:18,590 Joined:Jan 2012	Message Posted: Aug 17, 2012 6:35:08 PM Ignore Darkneoboi Report Abuse The US needs to become self-sustaining again
soakmonkey Champion Author Nevada Posts:1,448 Points:1,006,350 Joined:Feb 2007	Message Posted: Aug 17, 2012 6:34:23 PM Ignore soakmonkey Report Abuse hmm
hank1326 Champion Author Los Angeles Posts:8,909 Points:1,732,085 Joined:Jun 2008	Message Posted: Aug 17, 2012 6:32:55 PM Ignore hank1326 Report Abuse We need to explore all energy options.
toadNY Champion Author Albany Posts:7,037 Points:1,512,175 Joined:Apr 2008	Message Posted: Aug 17, 2012 6:32:51 PM Ignore toadNY Report Abuse How is this helping US! As we import oil from Terrorist countrys!
hcivic Champion Author Virginia Posts:3,844 Points:2,263,765 Joined:Aug 2005	Message Posted: Aug 17, 2012 6:32:22 PM Ignore hcivic Report Abuse good
Tegger Champion Author Ontario Posts:3,118 Points:1,645,535 Joined:Nov 2005	Message Posted: Aug 17, 2012 6:31:51 PM Ignore Tegger Report Abuse OK
bvrbill Champion Author Eugene Posts:3,207 Points:516,800 Joined:Jul 2011	Message Posted: Aug 17, 2012 6:31:37 PM Ignore bvrbill Report Abuse Not sure what to think about this.
DABEE1073 Champion Author San Diego Posts:8,195 Points:1,571,135 Joined:Jun 2008	Message Posted: Aug 17, 2012 6:30:56 PM Ignore DABEE1073 Report Abuse I'LL BET THAT REALLY FROSTS obummers BUTT. [Edited by: DABEE1073 at 8/17/2012 9:33:15 PM EST]
dp54 Rookie Author Detroit Posts:49 Points:137,155 Joined:Jan 2010	Message Posted: Aug 17, 2012 6:28:42 PM Ignore dp54 Report Abuse How come that you are not crying that they export crude oil and gasoline? Is that the Presidents fault too?