One Last Spark for Coal - Falling prices have had some asking whether there is a new future for coal

One Last Spark for Coal - Falling prices have had some asking whether there is a new future for coal

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Coal is the official state mineral of Kentucky.


About: One Last Spark for Coal - Falling prices have had some asking whether there is a new future for coal

Clean, green Germany has recently completed a coal fired power station (2015) and is to build several more as part of its de-nuclearisation program. OK for some then!
I just hope coal becomes economically nonviable sooner rather than later. Sorry people will lose jobs but what we are doing to the atmosphere should be criminalized now we have the know-how to stop the pollution. My biggest complaint is that it will be left to economics to force the change as governments around the world have failed us in the most part.
They estimate coal mining adds around 2billion in health costs in Australia and I'm sure it will be similar for other countries which means that rather than reducing subsidies and adding them to coal they should increase renewable subsidies and taxes on coal
It's great to know that our grandchildren will still have the opportunity to get jobs as coal miners. Just like the good old days
The coal industry ain't dead, it is in a temporary lull here in the US, due to the Shale Gas bubble being fed with free money from Wall St. Banksters. This happened before in the late 60's with conventional gas. Coal was in decline, gas was exploding then the conventional gas bubble burst in 1971, seniors were freezing to death in their homes, power shortages everywhere, schools closed, industries packing up and moving overseas to get reliable, cheap coal electricity. And then there followed a massive expansion of coal & nuclear electricity in the US. That exact same scenario is being played out right now. The Shale gas bubble will burst. The crisis this time will be far, far worse. It is frightening. Read Bill Powers: " Cold, Hungry and In The Dark ". And then we will be back on coal again. Pixie power fantasies won't power an industrial civilization.

Worldwide the relentless and consistent expansion in coal consumption took a brief dip in 2015 due to the economic decline in industrial output and a strong effort to replace fuel guzzling conventional coal power plants with extreme efficiency supercritical & ultra-supercritical coal power plants. That will be cause a temporary plateau in coal consumption, followed by a further relentless rise in coal consumption unless we make a big move on nuclear as China & India have both begun.

In the USA, Coal has fallen because of heavily subsidized shale gas, exempt from almost all enviro regulations, the last time that sort of expansion (in Conventional Gas) happened there was a massive energy crisis that precipitated a rapid growth in coal. EIA has one fantasy projection for 2030 based upon wind & solar pipe dreams, the now abandoned Obama Not-So-Clean power plan and an expansion of shale gas that doesn't exist, which they already admit they massively over-inflated Shale Gas reserves, after the USGS told the EIA they know dick about shale gas, the EIA's reply: "well we're not geologists".

And the the ONLY source for this fantasy expansion of renewables is wind & solar and the EIA has no plan as to how you can make that work on the grid, how you can pay for the massive cost or how to deal with the massive waste, and replace all the NPPs being shutdown also. So listen to the #1 geologists Bill Powers, David Hughes and Art Berman. There is NO CONCEIVABLE path for the US to expand their gas generation as in the EIA fantasy, except by a massive increase in LNG imports from terrorists in the Middle East, and even that is not feasible due to shortage of facilities: LNG carriers, LNG export & import terminals, all of which take a long time to build. There is ONLY one path for the USA to reduce coal consumption over a decades long window and that is Nuclear Power, that it is just reality.
It is better to have coal powered electric plants than to have nuclear powered electric plant.
Thanks for taking the time to watch and I'd interested to know if you think Coal has a future and where

Coal stock

Coal is extracted from the ground by coal mining, either underground by shaft mining, or at ground level by open pit mining extraction.


Coal is primarily used as a solid fuel to produce electricity and heat through combustion. World coal consumption was about 7.25 billion tonnes in 2010 The price of coal increased from around $30.00 per short ton in 2000 to around $150.00 per short ton as of September 2008. In early 2015, it was trading near $56/ton.