• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 7 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 11 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 14 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 11 hours Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? . . . . China greatest threat next 50 years.
  • 3 hours Why is Strait of Hormuz the World's Most Important Oil Artery
  • 2 hours Level-Headed Analysis of the Future of U.S. Shale Oil Industry
  • 14 hours Struggle For Supremacy: Kremlin Condemns Alleged U.S. Ultimatum To Turkey Over Missile Deal
  • 7 hours Apple Bid To Buy Tesla in 2013 For $240 a Share
  • 12 hours Another surprise 'build'
  • 19 hours Solar Cheaper than Coal
  • 11 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 10 hours California's Oil Industry Collapses Despite Shale Boom
  • 11 hours IMO2020 To scrub or not to scrub
  • 11 hours IMO 2020 could create fierce competition for scarce water resources
  • 12 hours Global Warming Making The Rich Richer
  • 1 day Misunderstanding between USA and Iran the cause of current stand off, I call BS
OPEC+ Top Priority: Don’t Crash Oil Prices

OPEC+ Top Priority: Don’t Crash Oil Prices

OPEC+ is reportedly considering increasing…

Oil Stabilizes Ahead Of Weekly Inventory Data

Oil Stabilizes Ahead Of Weekly Inventory Data

Oil prices held steady on…

U.S. Coal Exports Jump Three-fold Since 2005

All this week, the Energy Information Administration has released updated data on U.S. energy trade, and in its latest tranche, EIA data shows that the dollar value of U.S. coal exports has tripled since 2005, giving the U.S. a billion dollar surplus in coal trade.

Coal is still a minor slice of U.S. energy trade, which is dominated by oil. Coal only accounts for 5%. Nevertheless, coal trade has skyrocketed in recent years. The U.S. exported 50 million short tons in 2005, but that number jumped to 126 million short tons in 2012. This is largely due a decreased reliance on coal within the U.S., at the same time that global demand for coal is rapidly increasing, largely led by China. A slowdown in domestic demand has obviated the need for coal imports, which have declined. The U.S. still imports coal, with about three-quarters coming from Colombia.

Related Article: Another Nation Goes Coal Critical

With natural gas and renewable energy eating into coal’s market share in the U.S., coal producers have had to look abroad. About 50% of those exports go to Europe, with 26% to Asia, 11% to North America, and 10% to South America. Coal producers are hoping to continue to capitalize on growing global demand by building export terminals on the West Coast. This would allow coal from the Powder River Basin in Wyoming and Montana – the lowest coast coal in the U.S. – to reach China and India. But those proposals have run into stiff local opposition as well as financial challenges.

Still, as EIA notes, U.S. coal producers hoping to export to Asia have to compete with other major global coal producers, notably Australia and Indonesia. U.S. coal exports to China, even if West Coast ports move forward, would still only be a drop in the bucket compared to those two suppliers.

By Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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