More power plants are switching over to natural gas, which has seen its prices drop as fracking has taken off around the country. Coal mining output has dropped by 15 percent in the state since 2008 and coal-fired power plants account for just 33 percent of the country’s total energy output today, compared with 50 percent half a century ago. Global demand has gone down too. China’s sudden economic slowdown created a surplus of raw materials, from iron ore to coal, leading to a collapse in commodities prices.
Former New York Governor George Pataki may choose to enter the race for the Republican presidential nomination in the near future, and the popular reaction to the news can be summed up in one word: why? The 66-year-old Pataki has not held elected office in five years, and he has not played a public role […]