Tags: Exclusive Interviews | Newsmax Prime | Newsmax TV | laurence leamer | greed | destroying | coal

Author Laurence Leamer: Greed Destroying Coal Industry


By    |   Friday, 08 Apr 2016 05:32 PM

The coal industry is being destroyed by both "cheaper alternatives" and ruthless executives who put profits above safety, according to author Laurence Leamer.

In an interview with "Newsmax Prime" host J.D. Hayworth on Newsmax TV Friday, Leamer, whose new work, "The Lynching" will be published in June, said Don Blankenship, the CEO of Massey Energy and so-called "king of coal" in West Virginia – recently sentenced to a year in jail for a deadly coal mine collapse – once dominated the industry.

"He doesn't really care very much about safety, he doesn't care about the miners, he's just concerned about profits," said Leamer, who penned a book on Blankenship, "The Price of Justice." 

"Frankly, capitalism won't be destroyed by liberalism, by protests. It'll be destroyed by people that can say they're capitalists like this, but are really a negative force."

Watch Newsmax TV on DirecTV Ch. 349, DISH Ch. 223 and Verizon FiOS Ch. 115. Get Newsmax TV on your cable system — Click Here Now

Leamer, who once worked in a coal mine, also said the industry's struggles are not caused by "simply the Obama administration."

"When [coal mining] started you just get in there and mine these seams," he said. "Now you got to go back 2 or 3 miles. It's much more expensive to mine that coal. With fracking and natural gas, there's a lot cheaper alternatives to this."

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
Newsmax-Tv
The coal industry is being destroyed by both "cheaper alternatives" and ruthless executives who put profits above safety, according to author Laurence Leamer.
laurence leamer, greed, destroying, coal, industry
231
2016-32-08
Friday, 08 Apr 2016 05:32 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved