Cable Forum - View Single Post - Should the coal mines in the UK be reopened?

rhyds · 20-10-2015, 22:04

If you can't think of a better idea, then you can't really be thinking hard enough.

The world has an OVERsupply of coal currently. That is, the world is producing MORE coal than it needs, hence why the price is in free fall.

If you were going to reopen UK mines, then you'd want to do it when there was an UNDERsupply of coal. That is, the world is producing LESS coal than it needs, and the price is rising.

Trying to go against the world market is like trying to turn back the tide with stern language and a shovel.

In simple terms, it would be cheaper for the Government not to even bother digging the coal out of the ground and simply pay the payroll every month.

20-10-2015, 22:04	#60
rhyds Inactive Join Date: Mar 2014 Location: North Wales Services: Plusnet Phone/BB, Freesat, VM Business BB (Cable) Posts: 821	Re: Should the coal mines in the UK be reopened? If you can't think of a better idea, then you can't really be thinking hard enough. The world has an OVERsupply of coal currently. That is, the world is producing MORE coal than it needs, hence why the price is in free fall. If you were going to reopen UK mines, then you'd want to do it when there was an UNDERsupply of coal. That is, the world is producing LESS coal than it needs, and the price is rising. Trying to go against the world market is like trying to turn back the tide with stern language and a shovel. In simple terms, it would be cheaper for the Government not to even bother digging the coal out of the ground and simply pay the payroll every month.