Saturday, September 14, 2013

COAL: increasing exports was a bad idea anyway

As per our conversation on the threat posed by growing coal consumption over the next 40 years, a global glut, and some significant shifts (esp. in Europe) are calming US coal companies' dreams of exporting US coal abroad.  Conclusion: leave it in the ground, for a long, long time.

U.S. Coal Companies Scale Back Export Goals

American mining companies confront a global coal glut and a price slump, along with persistent environmental opposition.