If you are looking for a great example of how Obama was destroying industry and Trump is rebuilding it we've got another one. Many fiscal conservatives have been hearing the repeated chant by liberals that coal is not coming back in this country but today in the WSJ there was a piece of indisputable evidence that America's coal industry is back.
Peabody Energy Corporation, the nation's largest coal producer, was pushed into bankruptcy in 2016 by the prices for their product the Obama war on coal created. Peabody emerged from bankruptcy in the Trump era which has created higher coal prices. Just how much healthier are they now?
Peabody is buying controlling interest in Drummond which is Colombia's top exporter of coal for somewhere over $4 billion. Amazing how well that wand is working!
