• 3 minutes Cyberattack Forces Shutdown Of Largest Gasoline Pipeline In United States - Zero Hedge
  • 7 minutes The Painful Death of Coal
  • 11 minutes Forecasts for Natural Gas
  • 2 hours 1 in 5 electric vehicle owners in California switched back to gas because charging their cars is a hassle, new research shows
  • 1 hour U.S. Presidential Elections Status - Electoral Votes
  • 1 day .
  • 13 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Сryptocurrency predictions
  • 1 day *****5 STAR Article by Irina Slav - "The Ugly Truth About Renewable Power"
  • 1 hour CRAPPIFORNIA DOES IT AGAIN! California proposes to steer new homes from gas appliances
  • 7 hours Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
  • 37 mins Electric vehicle market growth is a blessing for some metals — and not a big worry for oil
  • 6 hours Joe Biden's Presidency
  • 19 hours How US Capitalism Uses Nationalism
  • 4 days European gas market to 2040 according to Platts Analitics
Why China Can’t Quit Coal

Why China Can’t Quit Coal

Despite its renewable energy push,…

The Secret To Successfully Closing Down Coal Plants

The Secret To Successfully Closing Down Coal Plants

Closing coal-fired power stations in…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

A Flagship U.S. Coal Project Gets Quashed

Producers in the coal space are desperately looking for answers these days.

Miners are trying to find ways to maintain profitability. In the face of falling prices for most grades of coal globally.

The effects have been particularly strong in the U.S. Where environmental regulations, and abundant mine supply, have conspired to drop local prices to multi-year lows.

And the industry was dealt another blow this week. When a key export project was denied by regulatory authorities, now putting this high-hopes work in jeopardy.

The project is a coal terminal on the Pacific coast of Oregon. Advanced over the past two years by Australia's Ambre Energy--a firm specializing in the coal mining and marketing space.

Ambre had been looking to building the Pacific terminal as a new outlet for U.S. coal production. The concept being to ship coal from Montana and Wyoming westward by train and then river-borne barge. Eventually being loaded onto ships for transport, primarily to Asian consumers.

But the Oregon Department of State Lands said Monday that plan is a no-go. Finding that Ambre hadn't done enough analysis of alternatives to prevent harm to tribal fisheries along the proposed export route.

The state department will therefore deny Ambre permits to build the project. Putting the future of this export route in doubt.

The ruling is particularly interesting as a possible precedent for other coal projects planned on the U.S. west coast. There are currently three export projects in the works--but Ambre's is the most advanced in terms of planning and permitting. This week's ruling may thus suggest developing headwinds to the concept of Pacific coal exports in general.

Ambre has the option to appeal the state decision. But until we see any progress on such a front, the future of this option for U.S. producers should be considered substantially diminished.

Here's to moving it out,

Dave Forest


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News