Robert Murray, Founder, Chairman, President, and CEO of Murray Energy Corporation appeared as a special guest on the nationally syndicated ‘The George Jarkesy Show’ this week. Murray Energy Corporation produces 30 million tons of coal annually, making it the largest independent coal mining operation in the United States. As one of the largest coal producers in the United States, Murray discussed President Obama’s “war on coal” and the significance it will have on energy prices in the future.
Murray described the war to be comprised of about 40 states that rely heavily on coal-fired electricity. Coal costs “$0.04 per kilowatt hour” compared to Obama’s ideal source of energy, which costs “$0.22 per kilowatt hour.” Murray discussed the PJM quarterly auction, where energy prices are decided. He stated that “power prices will increase 800%” or “8 times for 2015 and 2016” than what we are currently paying. Again showing how “Obama is destroying this country by destroying low cost energy’ Jarkesy replied, ‘America cannot be a competitive world power with such high energy prices.”