The End of Coal

Was she right? What is the future of coal in the US, and more broadly in the world?

Using coal as a fuel has advantages: the combustion technology is straight-forward, it is far easier to burn coal in large boilers and move the electricity around than it is to have coal deliveries to every home and business with a small furnace. It is plentiful; there is a huge reserve available in the US, and much in a number of other countries. There has never been an “OPEC of coal” because of this dispersion of the resource. But over time the disadvantages have begun to chip away at the market.

But concern for worker safety is not driving coals’ decline — it’s a combination of competitive economics and environmental concerns.

But it may be natural gas and solar that really finishes off coal.

Merle Haggard sang, “It’s dark as a dungeon way down in the mines.” The same is now true in every coal company boardroom.

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