Tag Archives for markets
By Charles McConnell
Some disasters arise unexpectedly, like an earthquake or massive storm. Others seem inevitable. Who didn’t see the 2008 financial crisis coming?
In hindsight, most of us.
In reality, most crises that seem inevitable after the fact often catch nearly all of us by surprise when they occur. The factors were obvious enough, but few people saw them coming together.
There’s a potential crisis that will seem predictable, after the fact. It’s better to take thoughtful consideration and positive action now and not say “I told you so” later.
By Stephen Moore
Quick: what was the number one source of electricity production in the U.S. during the first half of 2017? If you answered renewable energy, you are wrong by a mile. If you answered natural gas, you were wrong by a tiny amount.
According to the Energy Information Administration, which tracks energy use in production on a monthly basis, the single largest source of electric power for the first half of 2017 was… coal. See chart.
By Timothy Gardner and Nina Chestney
WASHINGTON/LONDON (Reuters) – U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data, allowing President Donald Trump’s administration to claim that efforts to revive the battered industry are working.
The increased shipments came as the European Union and other U.S. allies heaped criticism on the Trump administration for its rejection of the Paris Climate Accord, a deal agreed by nearly 200 countries to cut carbon emissions from the burning of fossil fuels like coal.
CASPER, Wyo. (AP) — Wyoming business leaders are recommending investing a $1.5 million grant in a proposed coal research facility.
The Wyoming Business Council made the recommendation for the grant for a research facility on alternative uses for coal in northeast Wyoming on Thursday.
The area has a coal sector that was hit hard in the industry’s recent downturn. Local and state leaders want to find new ways bring relevancy back to Powder River Basin coal.
The State Loan and Investment Board may approve the grant money at its June 15 meeting. The grant would pay for the cost of the land and construction of a 4,000 square-foot (371.6 square-meter) research lab in Fort Union Industrial Park in Gillette.
According to data from the U.S. Energy Information Administration, total U.S. coal production for the week ended Nov. 19 picked up 6.6% year over year to 17.2 million tons, from 16.2 million tons during the same period last year.
For the 52 weeks ended Nov. 19, production posted a 19.8% year-over-year cutback to 739.8 million tonnes, while year-to-date coal output plunged 18.8% year over year to about 657.5 million tons through Nov. 19.
ACC’s reply to the Bloomberg Editorial Board in response to its opinion piece “The Government Should Get Out of the Coal Business” was not published. We’re sharing it here for our readers.
“The Government Should Continue to Opt In, Not Out of the Coal Business”
The recent Bloomberg Editorial Board opinion piece, “The Government Should Get Out of the Coal Business” , missed the mark regarding the government’s involvement in the coal business.
This article was originally published in Issue 1, 2016 of American Coal magazine – read the full issue (and past issues) on the ACC website by Clicking Here
Coal Supply: Will We Overcorrect?
By: Andrew Moore, Platts
According to recent forecasts from the Energy Information Administration, US coal production could dip to 784 million st in 2016, the lowest annual total since 1983.
Should the forecast prove correct, US coal production will have dropped 21.4% since 2014. In percentage terms, it would be largest two year decline since the EIA began tracking coal production in 1949.
This article was originally published in Issue 1, 2016 of American Coal magazine – read the full issue (and past issues) on the ACC website by clicking here.
Where is Coal Demand Headed?
By: Steve Piper, S&P Global Market Intelligence
Over several months of 2015, the market share of natural gas generation exceeded that of coal-fueled generation as a combination of mild heating season weather and retirement of coal plants nudged natural gas into the lead position toward the end of the year. With coal retirements largely behind, and cheap natural gas ahead, what production levels face the restructured coal markets?
I submitted this ACC response to the CNN.com editorial board on April 28th. However, I did not receive a reply and the response was not printed. Therefore, I am publishing our response to the Coalblog to ensure our views on this issue are available to our readers.
Remember the Polar Vortex!
In his April 22 editorial, “We’re getting out of fossil fuels investments,” Rockefeller Brothers Fund CEO Stephen Heintz attempts to make the case that getting out of fossil fuel investments was good for his fund and its investors. His reasons for making the divestment decision require readers to accept his several unsubstantiated claims about coal and fossil fuels.