US Coal Stockpiles Slump To Two Decade Low As Power Plant Demand Surges | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

US Coal Stockpiles Slump To Two Decade Low As Power Plant Demand Surges

One of the biggest ironies this year is the transition from fossil fuel generation to green energy has created a global energy crisis that is forcing the U.S., among many other countries, to restart coal-fired power plants ahead of the Northern Hemisphere winter. Coal is roaring back this fall but supplies are not catching up with demand.

According to Bloomberg, US coal supplies dropped to 84.3 million tons in August, the lowest level since 1997.

As of August, about a quarter of all US power generation was derived from coal. As winter approaches, coal-fired power plants will become a more significant percentage of all U.S. power generation.

Power plants are expected to burn 19% more coal this year because soaring natural gas prices have made it uneconomical to produce power.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA