Bush Re-election Considered Good for Coal
Cheyenne, WY – The Bush Administration's support of clean coal technology and coal, in general, resulted in an immediate jump in coal company stocks after the President's re-election. Wyoming contributes 30% of the country's total coal production, so the industry here is also looking forward to the next four years. Wyoming Mining Association President Marion Loomis says experts are predicting production increases in the state. He thinks the favorable environment for coal could also mean new mines starting up. Loomis says operations will soon start again at an underground mine in Sweetwater County and that there's interest in a new mine in Sheridan County.