High Country News: Listen to congressional Republicans, and you would think that President Obamas regulations are behind the nosedive the coal industry has taken this year. Alpha Natural Resources filed for Chapter 11 this summer, Arch Coal may follow next. Its stock, which traded as high as $3,600 in 2011 dipped to $1.50 this week.
Theres no question that the presidents Clean Power Plan and his other air pollution regulations cloud the future of the industry. But coals bleak present has much more to do with...