Posted on 12/09/2021 9:22:16 AM PST by george76
U.S. coal miners, who have already benefited from rising demand from utilities this year, are in for at least another year of strong sales and cash flows..
Much higher natural gas prices are making more power generators switch to coal..
Annual U.S. coal-fired electricity generation is set to rise this year for the first time since 2014..
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coal is making a comeback this year as high natural gas prices incentivize more coal use in electricity generation.
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U.S. coal miners, who have already benefited from rising demand from utilities
...
Annual U.S. coal-fired electricity generation is set to rise this year for the first time since 2014, and the share of coal in America's power generation mix is set to rise to 23 percent in 2021 from 20 percent in 2020
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Coal Demand Is Rising Amid High Natural Gas Prices..
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The U.S. still gets over 60 percent of its electricity generation from fossil fuels, 40 percent of which was natural gas and 20 percent coal in 2020.
This year, the EIA estimates the share of gas dropping to an average of 36 percent from 39 percent last year, but coal's share rising by 3 percentage points to 23 percent. The share of renewables, including hydropower, is expected to remain basically flat on the year at 20 percent
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U.S. Coal Stocks Lowest Since the 1970s..
"U.S. coal production growth has not kept pace with rising domestic demand for steam coal in the electric power sector and export growth, leading to a draw down in coal inventories held by the electric power sector," ..
Coal inventories at utilities stood in August 2021 at lowest levels since the early 1970s,
(Excerpt) Read more at oilprice.com ...
Brandon needs to put a stop to that. You know, to save yuge manatee.
If they ever change over to a total electric car society, there will never be enough coal to power them.
If it wasn’t for the no-nukes hippies, we would have been 80% nuclear by now.
Electric cars will be so expensive (they already are much more costly than ICE autos) that the bottom half of the population won't be able to afford them. Problem solved.
16 tons and what do you get.....
If coal is making a comeback in the US, the same should happen in Europe where many mines were water flooded in the 60’s.
We plan to power our industry by sun and wind.
The West tends to listen to the wrong people.
another day older and (much, much)deeper in debt.
According to info gleaned from a liberal friend, Biden has fulfilled Trump’s promise to bring back coal...
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