Can Trump Make Coal Great Again?
Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. But a small sub-section of the coal sector that mines metallurgical coal - a variety used by steel makers instead of power plants - is gearing up for a Trump-inspired boom. That's because the Republican president-elect has promised a spending surge for roads, bridges and tunnels after he takes office on Jan. 20, a push to upgrade America's infrastructure with the support of leading Democrats that could jolt demand for metallurgical coal from American steel mills. Prices for met coal, as it is called, have already risen in recent months on lower supply from China.
WRRDA Conference Report Released
The Conference Report to H.R. 3080, the Water Resources Reform and Development Act (WRRDA), was filed in the U.S. House of Representatives today, introduced in the House by Committee Chairman Bill Shuster (R-Pa.), Committee Ranking Member Nick J. Rahall, II (D-W.Va.), Water Resources and Environment Subcommittee Chairman Bob Gibbs (R-Ohio), and Subcommittee Ranking Member Tim Bishop (D-N.Y.). H.R. 3080 passed the House by a vote of 417 to 3 on October 23, 2013. House and Senate conferees reached agreement on a final measure last week, and now both Houses of Congress must approve the Conference Report in order to send it to the President to be signed into law.
Midland Enterprises Expands With The Times
Since planting its roots in 1925 as a small coal delivery business known as the Ohio River Company (ORCO), Midland Enterprises has evolved from one chartered boat and four barges to more than 85 boats and 2,400 barges moving the entire eastern inland waterways system. Established by Albert Converse Ingersoll, the Ohio River Company's main focus at that time was to float West Virginia coal to Cincinnati using its premiere boat — the E.D. Kenna. Built for its newest customer, Cincinnati Gas & Electric (the company's longest running business relationship), the vessel cost $179,325 in 1926. Subsequent to this successful venture, the company's demand continued to grow, causing a need for added capital. Ingersoll called upon C.E.
