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National Center for Public Policy Research Senior Fellow Tom Borelli on how Obama’s policies are impacting the coal sector and his re-election effor...
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I speaking up not being nice to people the cold sector getting hammered these days in our next guest says it's a directors -- the president Obama's energy policy.
President though could find that the final price comes in November when -- all backfires joining us now Tom -- senior fellow at the National Center for Public Policy Research.
Tom I'm thrilled you're here.
If you look at the coal stocks and I know you're looking at them over the last year I was look at happened year to date.
They are getting killed.
I mean it -- is down 47% -- it down 56 alpha natural resource 43% in years saying this is a direct correlation.
To the president's.
VP of.
Girls oh absolutely this is Obama's command to control and is -- policy harming investors.
Right from the beginning Obama said he wanted to bankrupt the coal industry before he was president.
And -- he's actually doing it and he wanted to replace it with renewable energy.
And neither is working as you mentioned the coal stocks are really getting hammered but -- renewable energy so -- we know what happened to that I went bankrupt.
And First Solar was selling a big panel maker that that was selling a 140.
A year ago now it's only for fourteen what we're seeing a command a control energy policy.
Has nothing to do with the free market it's Obama driving his agenda down the throats of the American people.
But what impact does this having a Tom applaud the closing down all the thousands of people losing their jobs correct absolutely -- -- -- -- -- from that the national -- -- you someone to trade associations and 57.
Coal fired power plants are closing.
And other association to be as much as a 140.
So -- taking off that much energy supply you know there's jobs locally now Brothers and it's also cheap energy.
And when you take that much.
Juice out of the system and a lot of the regulators a word about.
Brownouts and blackouts say do you think this is gonna show up when people come to the polls I mean these are union guys are losing jobs while you don't fight -- remember -- -- with the pipeline.
With keystone pipe like some of the unions who are upset when there's a Wall Street Journal article last week that summit of mind -- unions are upset they may just choose to set.
And what's really interest thing politically.
A lot of the states that are dependent on coal for jobs electricity.
Also have Democrats senators running for re election.
In West Virginia Joseph mansion is running for reelection -- Claire McCaskill in in Missouri is running for re election.
So -- -- finally he really has the very about the political aspects of this.
But for investors and in a coal stocks have just been getting hammered or how important is called in the overall energy picture -- it would not natural gas now is very cheap.
Right well as one of the first -- fight energy supply.
-- used to provide 46%.
Before electricity.
It's fell to 39%.
It's fell to 1978.
Levels that's why the stock's.
Will have a side you on the auto politically right look at the stock price and that's telling you what the market sees.
Would you still short the stocks do they continue to happen to have room to fall well that's a good that's really good question some may not make it but the easy money has already been made and if you really want to -- see who wins in in November.
And then you'll -- -- -- such future political risk -- stocks could be the Best Buy next year.
If Republicans take the senate -- we don't know calls -- go back up possibly left the states Tom -- -- good staff thank you and I am thank you would carry well.
