4 Aug 2017 3:52 pm
According to the Forbes article I cited, the U.S. Department of Energy says that natural gas could supply as much as half of all electric generation in two decades, up from 34% today.Termin8tor » 04 Aug 2017 3:27 pm » wrote:What do you call an industry that produces 30% of US electricity and is sold in massive quantities abroad?
A "dying industry."
Coal, meanwhile, comprised half of the nation’s electric generation portfolio in 2007 and today it is less than 34%.
Does that sound to you like an industry on the rise Jackass?
Here is another Forbes article on the same subject from 2016.
Don't Blame Renewable Energy For Dying U.S. Coal Industry
The coal industry has been in trouble for years, as evidenced by the recent announcement by Peabody Energy, the world's largest private-sector coal company, that it may have to file for Chapter 11 bankruptcy protection.
There are a number of reasons behind the demise of the U.S. coal industry, but the biggest factor is displacement of coal by natural gas in the power generation sector.