THE GEORGE JARKESY SHOW WELCOMES SPECIAL GUEST ROBERT E. MURRAY, THE FOUNDER AND CEO OF MURRAY ENERGY COMPANY TO THE SHOW. AUTHOR TOM WOODS ALSO JOINS THE SHOW AS WELL AS MATT FERRIS, CHAIRMAN OF THE US GOLD BUREAU AND SHAWN BEECHER, MARKET TRADERS INSTITUTE.
ROBERT E. MURRAY
Mr. Robert E. Murray is the founder, Chairman, President, and Chief Executive Officer of Murray Energy Corporation (“Murray Energy”) and Subsidiary Companies, a group of private coal mining, oil and gas production, sales, and transloading companies, which, together, currently produce about 30 million tons of bituminous coal annually, and some oil and gas through American Natural Gas, Inc., and, altogether, employ about 3,400 persons. These facilities comprise the largest independent coal mining operation in the United States.
The Companies owned by the Murray family, in addition to American Natural Gas, Inc., in part, include: The Ohio Valley Coal Company, which produces 6.5 million tons of coal per year from the Powhatan No. 6 underground Mine in Belmont County, Ohio; American Energy Corporation, which operates the 7.8 million ton per year Century Mine, in Belmont and Monroe Counties, Ohio; OhioAmerican Energy, Incorporated, which operates the 1.7 million ton per year Redbird West Mine in Jefferson County, Ohio; The American Coal Company, which produces about 8.5 million tons per year from the New Era and New Future Mines in southern Illinois; KenAmerican Resources, Inc., which operates the 2.3 million ton per year Paradise Mine in western Kentucky; and UtahAmerican Energy, Inc., which operates the 4.0 million ton per year West Ridge Mine in Carbon County, Utah.
Projects under development by Murray Energy include a number of oil and gas fields in southern Ohio, eastern Kentucky, and elsewhere, and include the 5.5 million ton per year Lila Canyon Mine of UtahAmerican Energy in Emery County, Utah; the 7.5 million ton per year Mine of AmericanMountaineer Energy, Inc. near Clarksburg, West Virginia; as well as small Mines under development in Gallia, Meigs, and Lawrence Counties, Ohio.
Murray Energy also owns The Ohio Valley Transloading Company, which operates an intermodal barge/train/truck transloading facility at Powhatan Point on the Ohio River; the Empire Dock, Inc. transloading facility on the Ohio River at Golconda, Illinois; MonValley Transportation Center, Inc., a barge/train/truck transloading and storage center at Glassport on the Monongahela River; and The American Coal Sales Company, the marketing arm of the aforementioned Companies, in Lexington, Kentucky.
Mr. Murray was formerly President and Chief Executive Officer of The North American Coal Corporation (“North American”). It is now part of Nacco Industries, Inc., located in Cleveland. He served North American for 31 years, beginning his career while studying mining engineering at The Ohio State University, where he also was a Departmental Assistant.
From Assistant to the Manager of Industrial Engineering and Coal Preparation, Mr. Murray went on to serve in every mine management and supervisory capacity at North American, from Section Foreman through Superintendent. He became Assistant to the President of the Cleveland- based company in 1968 and was elected Vice President-Operations in 1969, at which time he had 7,000 employees under him. In this position he was instrumental in assembling and marketing the Company’s large lignite reserves in North Dakota and Texas and in negotiating the long term coal sales arrangements therefor.
From 1974 to 1983, he served as President of North American’s Western Division and also as President of four subsidiaries in North Dakota. He then returned to the Cleveland headquarters as Executive Vice President-Operations in 1983 and subsequently was elected President and Chief Operating Officer, and then President and Chief Executive Officer, of North American and its subsidiaries. He left North American in 1987 and formed his own Companies.
During his fifty-five year career in the mining industry, Mr. Murray has received the top awards, including the Erskine Ramsay, Howard N. Eavenson, Percy Nicholls, and Distinguished Member Awards from the Society for Mining, Metallurgy, and Exploration, Inc. (SME), of which he was President in 1989. He received the very prestigious Honorary Member award from the American Institute of Mining, Metallurgical, and Petroleum Engineers, Inc. (AIME), of which he was President in 2000. He was presented the National Mining Association Spirit of America Award in 2002. In 2003, the International Society of Mining Safety Professional chose him to receive its distinguished Leadership Award.
Mr. Murray is a national leader on matters affecting energy and minerals industries before Congress, the Administration, and regulatory and other government agencies. He also is prominent in coal matters in many states. He is currently a member of the Boards of Directors of the National Mining Association, American Coalition for Clean Coal Electricity, and Pennsylvania, Illinois, Ohio and Utah Coal Associations. He also serves on the Boards of the American Coal Foundation, National Coal Council, and National Mining Hall of Fame, and is a Life Member of The Rocky Mountain Coal Mining Institute.
Mr. Murray has completed the Advanced Management Program at the Harvard Graduate School of Business and holds a Bachelor of Engineering in Mining Degree from The Ohio State University, where he worked as a Departmental Assistant. He is a licensed Professional Engineer and private pilot, and resides with his wife, Brenda, in Moreland Hills and St. Clairsville, Ohio. Their sons, Rob, Jon, and Ryan, all graduates of West Virginia University, are involved in the family business. Rob, a mining engineer, is Vice President of Business Development and External Affairs. Jon, a degreed geologist, is a senior geologist. Ryan, also a mining engineer, is Vice President of Operations. Brenda and Bob have seven grandchildren — Robert’s Julia, Colin, and Jenna; Jon’s Grant and Sophia; and Ryan’s Noelle and Evan.
BEST OF CLIP
Thomas E. Woods, Jr., is a senior fellow of theLudwig von Mises Institute and creator of Tom Woods’s Liberty Classroom. He holds a bachelor’s degree in history from Harvard and his master’s, M.Phil., and Ph.D. from Columbia University. He is the author of eleven books, most recently Rollback: Repealing Big Government Before the Coming Fiscal Collapse and Nullification: How to Resist Federal Tyranny in the 21st Century. His other books include the New York Times bestsellers Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse (read Ron Paul’s foreword) and The Politically Incorrect Guide to American History, as well as Who Killed the Constitution? The Fate of American Liberty from World War I to George W. Bush (with Kevin R.C. Gutzman), Sacred Then and Sacred Now: The Return of the Old Latin Mass, 33 Questions About American History You’re Not Supposed to Ask, How the Catholic Church Built Western Civilization, and The Church and the Market: A Catholic Defense of the Free Economy. His critically acclaimed 2004 bookThe Church Confronts Modernity was recently released in paperback by Columbia University Press. A collection of Woods’ essays, called W obronie zdrowego rozsadku, was released exclusively in Polish in 2007. Woods’ books have been translated into Italian, Spanish, Polish, French, German, Czech, Portuguese, Croatian, Slovak, Russian, Korean, Japanese, and Chinese.
Woods edited and wrote the introduction to five additional books: Back on the Road to Serfdom: The Resurgence of Statism, We Who Dared to Say No to War: American Antiwar Writing from 1812 to Now (with Murray Polner), Murray N. Rothbard’s The Betrayal of the American Right, The Political Writings of Rufus Choate, and Orestes Brownson’s 1875 classicThe American Republic. He contributed the preface to Choosing the Right College and theforeword both to Ludwig von Mises’ Liberalism and to Abel Upshur’s A Brief Enquiry into the True Nature and Character of Our Federal Government. He is also the author of Beyond Distributism, part of the Acton Institute’s Christian Social Thought Series.
Woods’ writing has appeared in dozens of popular and scholarly periodicals, including theAmerican Historical Review, the Christian Science Monitor, Investor’s Business Daily,Catholic Historical Review, Modern Age, American Studies, Intercollegiate Review, Catholic Social Science Review, Economic Affairs (U.K.), Quarterly Journal of Austrian Economics,Inside the Vatican, Human Events, University Bookman, Journal of Markets & Morality, New Oxford Review, Catholic World Report, Independent Review, Religion & Liberty, Journal of Libertarian Studies, Journal des Economistes et des Etudes Humaines, AD2000 (Australia),Christian Order (U.K.), and Human Rights Review.
Woods won the $50,000 first prize in the prestigiousTempleton Enterprise Awards for 2006, given by the Intercollegiate Studies Institute and the Templeton Foundation, for his book The Church and the Market. He was the recipient of the 2004 O.P. Alford III Prize for Libertarian Scholarship and of an Olive W. Garvey Fellowship from the Independent Institute in 2003. He has also been awarded two Humane Studies Fellowships and a Claude R. Lambe Fellowship from the Institute for Humane Studies at George Mason University and a Richard M. Weaver Fellowship from the Intercollegiate Studies Institute.
For eleven years Woods served as associate editor of The Latin Mass magazine; he is presently a contributing editor of The American Conservative magazine. A contributor to six encyclopedias, Woods is co-editor of Exploring American History: From Colonial Times to 1877, an eleven-volume encyclopedia.
Woods has appeared on CNBC, MSNBC, FOX News Channel, FOX Business Network, C-SPAN, and Bloomberg Television, among other outlets, and has been a guest on hundreds of radio programs, including National Public Radio, the Dennis Miller Show, the Michael Reagan Show, the Dennis Prager Show, the G. Gordon Liddy Show, and the Michael Medved Show. He is a regular fill-in host on The Peter Schiff Show.
Woods lives in Topeka, Kansas, with his wife and four daughters.
Born into an entire family of professional financial planners, Shawn has been trading since he was just 17 years young with an emphasis over the years in foreign currencies. Throughout his career, he’s specialized in general finance and is skilled in technical and fundamental analysis. He has worked for FXCT, was VP for one of the largest Forex brokerage firms in the U.S., and was CEO of his own Forex Company.