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Jim Justice on Energy & Oil
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Coal miners back work is good; let's have more
Now, we celebrate our coal miners going back to work. We need not to be satisfied with the numbers that we have back today. We need to be sure that those people are some way looked after from a safety standpoint the very best they possibly can--or can
be. But in addition to that, we have got to get more of our coal miners to work. It is an absolute unbelievable thing to travel down through the coalfields and see communities coming back to life. But we got to have more. And then more on top of that.
Source: 2018 West Virginia State of the State address
, Jan 10, 2018
Lower the severance tax on coal and gas
I truly believe that we ought to tier our severance tax on coal and gas. You know, it's just this simple. And our coal companies are really hurting. And I know a lot about this.
When they're really hurting, we got to step up and help them. And at that point in time, we probably have to step up and lower the severance tax. The same way with the gas.
Source: 2017 West Virginia State of the State address
, Feb 8, 2017
Lower, and then tier, the severance tax on coal and gas
We ought to tier our severance tax on coal and gas. Our coal companies are really hurting. When they're really hurting, we got to step up and help them. And at that point in time, we probably have to step up and lower the severance tax.
The same way with the gas.But I am telling you, I am not a hog. If we have the bonanza that I think is in front of us with coal--especially metallurgical coals--what if? What if I were to tell you, just this: Think about this for a second.
If coal is $35, whoever is mining that is losing money. Lowering the severance tax on that to 2%, or whatever you want to do, okay, I'm good. There's got to be a sweet spot to where we're back to five.
What if it goes to $200 a ton? What happens?
There's no way that anybody's cost is going to be greater than $80. At this level right here, anybody's profit is $120 a ton. At this point in time right here, this severance tax needs to be 10%. All it would do is lower the profitability to $110 a ton.
Source: 2017 West Virginia State of the State address
, Feb 8, 2017
Promote new uses for central Appalachian coal
DON'T GIVE UP ON OUR ENERGY SECTOR- Promote new uses for coal. Find chemical and mineral advantages for central Appalachian coal. Then market that strength.
- Cultivate new markets for our natural gas.
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Rekindle a better marketing strategy for our quality metallurgical coal to the world.
- Incentivize our power plants to use only West Virginia coal.
Source: 2016 W.V. governor campaign website JusticeForWV.com
, Nov 16, 2015
Page last updated: Nov 17, 2019
