The USA will become world dominant in Coal, Oil, LNG and raw materials for the various chemical industries
West Virginia had second highest GDP
WASHINGTON - West Virginia had the second highest growth in gross domestic product (GDP) of any state in the country during the first quarter of 2017, and Gov. Jim Justice attributes the climb to the bounce back in the coal industry.
Mining grew by 21.6 percent nationally, according to the U.S. Department of Commerce report, contributing to growth in 48 states. That made Texas, West Virginia, and New Mexico the three fastest growing states, growing at 3.9 percent, 3.0 percent and 2.8 percent, respectively.
"I know the coal business like the back of my hand and the current spike in the coal market was one I saw coming, and our state Legislature refused to listen," Justice said in a news release. "If you go back to the October 2016 debates for governor, I said that coal would rebound and that our severance tax collection would go up. Some people laughed at the time, and they were totally wrong."
The governor's office also reported that a new Reuters analysis shows U.S. coal exports have increased more than 60 percent this year due to soaring demand from Europe and Asia.
Delivering promises Bigly.
.. Its the Trump energy policy.....The USA will become world dominant in Coal, Oil, LNG and raw materials for the various chemical industries
We can export coal. But it is not the cheapest way to make electricity. That ship has sailed and is not coming back (at least until the supplies of NG get tight again). Basic economics.