• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 1 hour Iran Loses $130,000,000 Oil Revenue Every Day They Continue Their Games . . . .Opportunity Lost . . . Will Never Get It Back. . . . . LOL .
  • 2 hours Renewables provided only about 4% of total global energy needs in 2018
  • 2 days Iran Captures British Tanker sailing through Straits of Hormuz
  • 2 hours Berkeley becomes first U.S. city to ban natural gas in new homes
  • 20 hours EIA Reports Are Fraudulent : EIA Is Conspiring With Trump To Keep Oil Prices Low
  • 2 days Drone For Drone = War: What is next in the U.S. - Iran the Gulf Episode
  • 3 days Today in Energy
  • 6 hours Shale Oil will it self destruct?
  • 3 hours So You Think We’re Reducing Fossil Fuel? — Think Again
  • 4 hours N.Y. Governor Signs Climate Bill
  • 3 hours First limpet mines . . . . now fly a drone at low altitude directly at U.S. Navy ship. Think Iran wanted it taken out ? Maybe ? YES
  • 1 day Oil Rises After Iran Says It Seized Foreign Tanker In Gulf
  • 13 hours U.S. Administration Moves To End Asylum Protections For Central Americans
Oil Plunges As Iran Conflict Cools

Oil Plunges As Iran Conflict Cools

Oil prices plunged by 4…

IEA: Don’t Expect Oil Prices To Go Much Higher

IEA: Don’t Expect Oil Prices To Go Much Higher

Slowing oil demand growth and…

More Than Half Of U.S. Coal Mines Have Closed Since 2008

Coal Shipping

Declining coal demand in the U.S. and rising demand for natural gas and renewables have hit coal production and the number of active coal mines in the United States has dropped by more than half since peak coal production in 2008, the Energy Information Administration (EIA) said in an analysis on Wednesday.

U.S. coal production has declined by more than a third since peaking in 2008, while the number of active coal mines plunged to 671 mines in 2017 from 1,435 mines in 2008, the EIA has estimated.

Lower coal demand since 2008 has resulted in closures of smaller and less efficient mines, with most mine closures in the Appalachian region.

“The uptick in mine closures since 2008 has largely been driven by economics, and smaller, less profitable mines have been more susceptible to closures,” the EIA said.

At the end of last year, the EIA estimated that U.S. coal consumption in 2018 was expected to have dropped by 4 percent on the year to the lowest level of coal consumption since 1979.

The U.S. electric power sector accounted for 93 percent of total U.S. coal consumption between 2007 and 2018. But since 2007, coal consumption in the electricity generation sector has declined, due to retirements of coal-fired power plants and lower utilization rates of coal power plants which have been facing growing competition from natural gas-fired power generation and from renewable energy sources. Coal’s market share has shrunk at the expense of natural gas and renewables, the EIA said. 

In its latest inventory of electric generators, the EIA said earlier this month that wind, natural gas, and solar capacity will lead the new electricity capacity in the United States in 2019, while coal-fired generation will account for more than half of scheduled capacity retirements.

In 2019, the U.S. electric power sector is expected to add 23.7 gigawatts (GW) of new capacity, while 8.3 GW capacity is planned to be retired. Among the capacity scheduled for retirement, coal will lead with 53 percent of all planned retirements, followed by natural gas with 27 percent, and nuclear with 18 percent.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play