Despite an outcry from environmentalists, the Philippines is moving forward in building 25 new coal powered plants across the country and all are under construction. Al Gore is not happy. Regardless, the Philippines consumption of coal is up nearly 30% since 2014.
In America, President Trump campaigned on the promise to put coal miners back to work. With his Executive Order, with a majority in the House and in the Senate, he will make it happen.
Coal Company stock is taking off! Last year, you could buy stock in one coal company, Cloud Peak Energy, on the NYSE for $1.60 but today, it is $5 per share. Last year, Westmoreland Coal was $6.40 per share but today on NASDAQ, it is up to $18 per share. No, I do not own stock in their companies. Just passing on information.
On Mom’s side of the family, coal mining paid the bills, fed the family, built houses, bought cars, paid college tuition and gave a good quality of life to hard working country folk in rural Alabama in Walker County…for 2 generations. Cousin Walt was elected UMW, United Mine Workers, President and had to move to West Virginia to carry out his responsibilities.
Loretta Lynn is a Coal Miner’s Daughter from Butcher Hollow, Kentucky and she is still performing today at age 84. She now lives in Hurricane Mills,Tennessee. I met Loretta Lynn and her hubby Mooney/Doolittle at the Holiday Inn El Camarote Bar on Roxas Blvd way back in 1987 in Manila. She had performed for US Servicemen at Subic and Clark. Loretta is a sweetheart and we hit it off since I am from Alabama and she knows a Southern Gentleman when she talks to one. Loretta Lynn asked me not to tell anyone who is was but someone recognized her. She was brought up on stage to sing and dance with the house band. The Tennessee Two Step and the Rocky Mountain jig. Can’t remember about her but Doolittle was drinking San Miguel.
Loretta Lynn, the Coal Miner’s Daughter, is one of my favorite people! In 2004, she crossed over from Country and made an Alternative Rock album, “Van Lear Rose”, with Jack White of White Stripes from Detroit. Fabulous Album from start to finish. Loretta can Rock n’ Roll and I like it! When her album won the Best Album of the Year Award, she said, “I am a Rock Star Now!” A long way from the coal mines of Kentucky.
I hope to see you one day, somewhere…all around Bacolod!
~ Gary ~