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Coal output in US seen rising most since 1990 on global demand

Coal output in US seen rising most since 1990 on global demand Bear Run coal mine is the largest surface mine in US. ( The surging, post-pandemic U.S. economy is driving an unexpected boom in coal, the latest sign that demand for the dirtiest fossil fuel remains resilient. American coal production this year will swell 15% to meet stronger demand for electricity at home and abroad, according to the U.S. Energy Department’s July outlook. That would be the most since at least 1990 and nearly double the 8% increase projected in May, when the economic rebound was still in earlier stages of recovery.

Mining Engineering Online

July 8, 2021 The U.S. Energy Department’s July outlook reports American coal production will increase by 15 percent this year. That would is the largest increase in production of coal since at least 1990 and nearly double the 8 percent increase projected in May, when the economic rebound from the was still in earlier stages of recovery from the COVID-19 pandemic. Bloomberg reported that the increase in demand for coal comes as more extreme temperatures drive power demand just as extensive drought cuts output from hydropower dams. That prompts utilities to burn more coal, a pattern also exacerbated by high natural gas prices. At the same time, key exporters including Australia and Colombia face supply problems that have helped lift global prices to a 10-year high and added to international demand for U.S. coal exports.

Coal shows its staying power as economies bounce back | Hellenic Shipping News Worldwide

Coal shows its staying power as economies bounce back | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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