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Author Topic: Coal Production Hits 35-Year Low  (Read 1185 times)

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Offline Smokin Joe

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Coal Production Hits 35-Year Low
« on: June 13, 2016, 08:37:46 pm »
 Coal Production Hits 35-Year Low
http://www.oilandgas360.com/coal-production-hits-35-year-low/?utm_medium=email&sslid=Mzc1NLC0NLOwsLQEAA&sseid=szCxsLSwMLQEAA&jobid=540cf04e-0b97-4b67-80a0-5f08899ac259

Closing Bell Story   by— Oil & Gas 360

Decreasing demand for coal in electricity generation pushes production down to levels not seen since the early 1980s

Coal production in the first three months of 2016 was 173 million short tons, the lowest quarterly level in the United States since a major coal strike in the second quarter of 1981. Among the regions tracked by the EIA, the Powder River Basin (PBR) in Montana and Wyoming saw the largest decline both in terms of absolute tonnage and as a percentage of the previous quarter.
>snip<
Electric power generators were encouraged to burn coal from their stockpiles rather than purchase more from coal producers in the first quarter of the year. Data from the American Association of Railroads showed coal carloads were down 20% quarter-over-quarter as power generators ordered less coal.

The drop in demand for coal was not concentrated in any particular region, either, the EIA reports. Texas, Michigan, Illinois and Oklahoma accounted for an average quarterly demand of 37 MMst of Powder River Basin coal in 2015, or about 40% of total PBR production. Demand for PBR coal from those four states fell 49% to 19 MMst in the first quarter of the year. First-quarter PBR coal production of 69 MMst was the lowest since 1995.


Excerpt: more at:

http://www.oilandgas360.com/coal-production-hits-35-year-low/?utm_medium=email&sslid=Mzc1NLC0NLOwsLQEAA&sseid=szCxsLSwMLQEAA&jobid=540cf04e-0b97-4b67-80a0-5f08899ac259
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How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline Smokin Joe

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Re: Coal Production Hits 35-Year Low
« Reply #1 on: June 13, 2016, 08:40:08 pm »
Well, the Obamites stated their goal... :Obounce:
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How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis
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