From a Regular Contributor
The following link is about the approaching end of cheap and easy coal from the surface mines in the Western part of the US, specifically Wyoming. These reserves are approaching depletion. That is good for the planet but not necessarily good for electricity consumers in the US, China, and Europe.
The end of cheap easy coal? – Mountain Town News
However, the cost of renewable energy keeps dropping and is now almost cost competitive with coal, given that the price per ton of coal has doubled in the last 10 years.
It would seem that the coal companies are inevitably mining themselves out of business. This is not good for their shareholders. Investors beware.
I have also included a link about the cost of coal vs solar power in Australia. I think your readers will find it interesting. In Australia, power from coal can no longer compete with solar power.
Solar has won. Even if coal were free to burn, power stations …
Here is a link about power consumption in the US and how the mix in sources of power is changing. Coal generated power is not dead in the US, but it is in steep decline, and the inevitable rise in the cost of coal as cheap coal reserves are exhausted will only make even less competitive.
Solar Power Is Booming, But Will Never Replace Coal …
The following article is an analysis of the rise of solar power in the US. It too is interesting. What this all means is that the coal fired power industry has a very bleak future.
Solar Continues Trumping Fossil Fuel Pricing, With … – Forbes
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