Coal news and updates

Despite gas prices expected to reach $4 by winter, it’s clear that natural gas has been gaining market share in the U.S. electric power system over coal, the longtime mainstay. For coal, a smashing combination of low gas prices and increasing environmental regulations has caused power producers to choose gas (and other sources) over coal. Since 2010 alone, gas for power is up nearly 33% to 9.7 Tcf a year.

 

Through July this year, gas power burn is up 10%, when the hottest summer ever recorded (here) surged demand to an all time record of 38.2 Bcf/day. In stark contrast, coal demand for power is down 25-30% since 2010. Gas now supplies some 35% of our electricity, double its share 15 years ago.

SOurce: Forbes