U.S. coal production drops despite Trump administration efforts to keep the industry afloat - Entrepreneur Generations

Energy production from 1947-2017.
(U.S. Energy Information Administration chart; click the image to enlarge it)

Despite the Trump administration's efforts to help the coal industry, including rollbacks on emissions standards for coal-fired power plants, coal production fell last year to less than a third of its 2008 level. That corresponds with a rise in natural gas and renewable energy production, according to newly released data from the U.S. Energy Information Administration.

"Annual [coal] production last year dropped by 2.5 percent to 755 million short tons, lower than at any point during what critics decried as the Obama administration's 'war on coal' except for 2016, when production hovered around 725 million short tons," Alan Neuhauser reports for U.S. News and World Report. More than half of the country's 530 coal-fired power plants have been shuttered or scheduled for retirement since 2002, most of which have been replaced by natural gas plants or, to a lesser extent, renewable energy.

The EIA "projects that U.S. coal consumption will decline 4 percent this year to 691 million short tons. This will be down 44 percent since coal’s peak usage in 2007, and the lowest amount since 1979," Chuck Jones reports for Forbes.

Coal exports have helped mitigate the damage, doubling from 49.6 million short tones in 2006 to 125.7 million in 2012, but it couldn't make up for the decrease in U.S. consumption, which dropped from 1,112 million short tons to 889 million in the same time period, Jones reports.

"Coal mine jobs have seen a small improvement since Trump took office but is minuscule compared to overall job growth. In October 2016 there were 49,500 coal miners, which has grown to 53,200 per the latest job report, an increase of 3,700 jobs," Jones reports. "This compares to total U.S. employment growing from 151.9 million to 156.8 million, almost 5 million more. The increase in coal jobs is 0.07 percent of total job growth."

from The Rural Blog http://bit.ly/2Wt1YLZ U.S. coal production drops despite Trump administration efforts to keep the industry afloat - Entrepreneur Generations

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