Liberty News Forum
Political News Forum - Let your opinions be heard on current news and politics. Not for wimps!
Political Opinion Page - Recent Posts - LNF Forums LNF in the Age of Empowerment!
Christian Forum - Religion Forum - Entertainment - Sports Forum
Military - A1 News Page - Computers Tech - Financial News - Bunker - Presidential Tracking Poll
The House - Off the Wall News - Page 2 - Rasmussen Reports Polls - Chat Room
Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › GE to layoff 12,000 in power division. Green energy to blame
Page Index Toggle Pages: 1 Send TopicPrint
Normal Topic GE to layoff 12,000 in power division. Green energy to blame (Read 94 times)
Greg55_99
LNF Bunker
**
Offline

I love YaBB 1G - SP1!

Posts: 25,598
Joined: Jun 9th, 2006
GE to layoff 12,000 in power division. Green energy to blame
Dec 7th, 2017 at 10:03am
Print Post  
It's a sign of the times people.

Quote:
Demand is flagging for GE’s power-generation equipment because of overcapacity, lower utilization, fewer outages and the growth in renewable energy, said Stifel Financial Corp. analyst Robert McCarthy.

“Given the challenges within the global power market, today’s announcement represents an obvious next step in reducing headcount and footprint in order to improve margins and cash flow within the struggling business,” McCarthy said in a note to clients. “Traditional power markets including gas and coal have softened and volumes are down significantly.”


https://www.bloomberg.com/news/articles/2017-12-07/ge-is-said-to-plan-12-000-job...

Despite what Trump wants you to believe, coal is not coming back.

Greg
  

&&&&"You want the TRUTH? You can't handle THE TRUTH!!"
Back to top
 
IP Logged
 
petep
Hardhat
LNF Bunker
*****
Offline


Posts: 6,678
Location: Maine
Joined: Mar 4th, 2007
Gender: Male
Re: GE to layoff 12,000 in power division. Green energy to blame
Reply #1 - Dec 7th, 2017 at 12:43pm
Print Post  
Fake claim. It’s just not going away all at once. This is how free markets work
  
Back to top
 
IP Logged
 
The Wreath of Khan
LNF Representative2
***
Offline

Wrong head.

Posts: 1,501
Joined: Aug 17th, 2017
Re: GE to layoff 12,000 in power division. Green energy to blame
Reply #2 - Dec 7th, 2017 at 12:52pm
Print Post  
petep wrote on Dec 7th, 2017 at 12:43pm:
Fake claim. It’s just not going away all at once. This is how free markets work



There is nothing 'free market' about the fossil fuel industries..  it is one of the most heavily subsidized industries there is..

Considering your emotional outburst I gather you didn't know that.

  
Back to top
 
IP Logged
 
petep
Hardhat
LNF Bunker
*****
Offline


Posts: 6,678
Location: Maine
Joined: Mar 4th, 2007
Gender: Male
Re: GE to layoff 12,000 in power division. Green energy to blame
Reply #3 - Dec 7th, 2017 at 1:23pm
Print Post  
The Wreath of Khan wrote on Dec 7th, 2017 at 12:52pm:
There is nothing 'free market' about the fossil fuel industries..  it is one of the most heavily subsidized industries there is..

Considering your emotional outburst I gather you didn't know that.



So is corn, soy, agriculture in general, ethanol, solar, wind
  
Back to top
 
IP Logged
 
The Wreath of Khan
LNF Representative2
***
Offline

Wrong head.

Posts: 1,501
Joined: Aug 17th, 2017
Re: GE to layoff 12,000 in power division. Green energy to blame
Reply #4 - Dec 7th, 2017 at 1:30pm
Print Post  
petep wrote on Dec 7th, 2017 at 1:23pm:
So is corn, soy, agriculture in general, ethanol, solar, wind


None of which are defended on foreign soil by our military .. 

If you can quell your emotional outpouring long enough you might see that it's entirely likely that all of your list combined does not equal the subsidies granted to the fossil fuel industries ..
  
Back to top
 
IP Logged
 
petep
Hardhat
LNF Bunker
*****
Offline


Posts: 6,678
Location: Maine
Joined: Mar 4th, 2007
Gender: Male
Re: GE to layoff 12,000 in power division. Green energy to blame
Reply #5 - Dec 7th, 2017 at 1:56pm
Print Post  
On a per kw hour generated far more to alternative sources. This is well documented. I have no problem with supporting alternative energy to a far greater degree, as its emerging and hopefully provides long term sustainability.
  
Back to top
 
IP Logged
 
Luther
LNF Majority Leader
***
Online

I Love Liberty News Forum!

Posts: 5,749
Joined: Dec 20th, 2016
Gender: Male
Re: GE to layoff 12,000 in power division. Green energy to blame
Reply #6 - Dec 8th, 2017 at 3:27am
Print Post  
The Wreath of Khan wrote on Dec 7th, 2017 at 12:52pm:
There is nothing 'free market' about the fossil fuel industries..  it is one of the most heavily subsidized industries there is..

Considering your emotional outburst I gather you didn't know that.




Quote:
There is nothing 'free market' about the fossil fuel industries..  it is one of the most heavily subsidized industries there is..


How are they subsidized? Just curious.
  

All throughout our American history, world history, "ordinary people can do extraordinary things"
Back to top
 
IP Logged
 
Page Index Toggle Pages: 1
Send TopicPrint
 
Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › GE to layoff 12,000 in power division. Green energy to blame

LNF Home - Political Opinion Page
LNF Forums

Christian Forum - Religion Forum - Sports Forum - Entertainment - House
Military, History - Cooking and Crafts - Creative Writing
Off the Wall News - Science Forum - Tech Gadgets - Financial News - Humor
Bunker - Page 2 - Page 3 - Page 4 - Chat Room





Drudge Report - News Max - Rush Limbaugh - FrontpageMag
Advertise on the LNF - Twitter LNF - LNF Archive - LNF News
LNF Blog
News and Political Links
Political Blogs
Add your website or blog
Political Columnists
Political Humor
A1 News Page
David Limbaugh
Political Frog
Conservatives Directory
President Trump Approval Poll
Presidential Party Election Poll News forum posting, privacy policy and member rules