![]() |
Getty images |
The areas hit hardest by coal's decline are West Virginia and eastern Kentucky, according to University of Tennessee economics professor Matt Murray, who coordinated the study with researchers from West Virginia University. The study was funded by the Appalachian Regional Commission.
"Coal mining jobs in West Virginia peaked at 130,000 in 1940, and fell nearly 90 percent by last year, Richardson wrote. Part of that decline was due to mechanization, part to larger operations in western states; but low natural gas prices, less use of coal to generate electricity and the rise of renewable sources cut into coal jobs too," Gaines reports. But the biggest factor in coal's decline is low natural gas prices, not environmental regulation.
from The Rural Blog http://ift.tt/2FY3aOn Study: declining coal to continue hurting Appalachia - Entrepreneur Generations
0 Response to "Study: declining coal to continue hurting Appalachia - Entrepreneur Generations"
Post a Comment