• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 9 minutes Australia sues Neoen for lack of power from its Tesla battery
  • 13 minutes NordStream2
  • 28 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 mins U.S. Presidential Elections Status - Electoral Votes
  • 6 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 14 hours Evergrande is going Belly Up.
  • 3 days Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 21 hours Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
  • 3 days Oil Price: does the security vacuum in the Middle East spook investors?
  • 4 days Ozone layer destruction driving global warming

Breaking News:

Surprise Crude Build Caps Oil Prices

Editorial Dept

Editorial Dept

More Info

Coal Enters New Phase of Insecurity

Coal is the fastest growing source of energy across the world, as the developing world seemingly puts a new coal-fired power plant into operation as fast as they can build them. Coal provides 40% of the world’s electricity supply, and despite swift gains by renewable energy, it will remain a dominant source of power for the foreseeable future.

However, the ubiquity of coal belies the very real cracks in its foundation. Those weaknesses could portend a much graver future for coal than many realize.

Investors watching the energy picture in the U.S. are fully aware of the threat posed to coal from natural gas. After all, coal’s share of the electricity market dropped to just 38% in 2013, down from nearly half only five years earlier. Most of the blame for the loss in market share can be pinned on cheap natural gas.

The onslaught against the coal industry took a bit of a respite earlier this year, however. Natural gas prices more than doubled from their 2012 lows of less than $2 per million Btu (MMBtu), and in the winter of 2014, they spiked even higher due to the extreme cold.

For a while, natural gas prices remained elevated. Several states on the East Coast became concerned about their overreliance on natural gas, and due to a dearth of pipeline capacity, the dependence would expose their economies to volatile swings in natural gas prices.

This all worked in coal’s favor, which hoped to enter a period of revival this year.

Then…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News