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In Obama's crosshairs?

Publication: OEM Off-Highway
Publication Date: 01-MAY-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: In Obama's crosshairs?(Feature)

Article Excerpt
In Obama's crosshairs?

by Dave Jensen

Mining industry bears the brunt of new energy policies.

No off-highway market has been as shell-shocked as has been mining since the Obama Administration arrived in Washington. The credit squeeze may have wreaked havoc on construction, but the federal stimulus package will pump tens of billions into building and infrastructure projects. Agriculture may be suffering, but prices remain higher than historical averages thanks in part to the government's ethanol mandates.

However, when it comes to mining -- specifically coal -- the new administration has offered many more sticks than carrots. In its first 100 days, the new administration has:

Threatened the financial viability of coal-fired power plants by declaring carbon dioxide a pollutant requiring stringent federal regulation.

Pushed ahead with cap-and-trade legislation that would increase the cost of using coal to create electricity.

Notified the Army Corps of Engineers that it plans...

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More articles from OEM Off-Highway
New meets old.(Editor's Notebook), May 01, 2009
For the people.(Feature), May 01, 2009

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