February 6 was the announcement for a clean coal power plant that apparently collected all of its permits to construct and operate a $800MM facility in the Good Springs area. Upon reading this, my hair stood on end because its located in the region where quite a bit of good coal is located. The company secured rights for about 55 million tons of coal in that area.
What worries me is this won't be the last company to take advantage of this coal. EmberClear is a Canadian company, one of the few nations having the wealth wherewithal to invest heavily in such technology. The Chinese have been spooking around this area quite a bit lately and have purchased a few local companies. It won't take long till they hunt down the minerals we have here. They look at this as a strategic advantage. I, a mere mortal seeking to heat my home as inexpensively as possible, am worried that costs will increase dramatically and supply diminish rapidly. Keep in mind that three well known suppliers are in this specific area - Superior Coal, Hegins Coal, and supplier located just off the Hegins I-81 exit.
Here is the link to the article if anyone care to read it. I know the coal fields are supposedly large, but it's not an infinite supply! http://republicanherald.com/news/forefr ... -1.1100867