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By Roger Bezdek, for the U.S. Department of Energy
(WASHINGTON) – The U.S. coal industry is distressed, and the fate of U.S. coal mining regions and jobs figured prominently in the 2016 Presidential election. EIA forecasts that coal will continue to decrease as a source of U.S. electricity production through 2050. The economic and societal costs of coal mine closures are large, and the decline of the coal industry has taken a heavy toll. For example, the increased poverty associated with coal job losses is startling, and in some eastern Kentucky counties poverty rates exceed 30% and child poverty rates approach 50%.
HOUSTON — Coal exports from terminals in Virginia’s Hampton Roads region totaled 2.77 million st in July, up 3.4% from the prior month and up 61.7% from the year-ago month, according to the Virginia Maritime Association.
Exports rose as both low volatility hard coking coal and European-delivered thermal coal prices ticked up compared with June levels.
S&P Global Platts assessments of HCC metallurgical coal averaged $156/mt FOB US East Coast in July, up from $144.93/mt the prior month, and Platts assessments of CIF ARA delivered thermal coal averaged $83.49/mt, up from $79.48/mt in June.
By Tim Pierce
WASHINGTON, DC — Ukraine received its first shipment of anthracite coal from the U.S. Wednesday, part of an $80 billion deal between President Donald Trump and Ukrainian President Petro Poroshenko.
This shipment carried 62,000 tons of the total 700,000 tons set to be delivered to Ukraine by the end of the year, the Financial Times reports.
“As agreed with President Trump, first American coal has reached Ukraine. It is a significant contribution to our energy security and a vivid proof of mutually beneficial strategic cooperation between our two nations,” Poroshenko wrote in a Facebook post. “While it continues to steal Ukrainian coal from Ukrainian Donbas, Russia has lost yet another tool for its energy blackmailing.”
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.