Inconvenient truths
Coal mining in the United States
From Wikipedia, the free encyclopedia
Total US coal production, 1870–2018
Coal mining in the United States is an industry in transition. Production in 2017 was down 33% from the peak production of 1,162.7 million short tons (1,055 million metric tons) in 2006.
Employment of 50,000 coal miners is down from a peak of 883,000 in 1923.
[1] Generation of electricity is the largest user of coal, being used to produce 50% of electric power in 2005 and 27% in 2018.
[2] The U.S. is a net exporter of coal. U.S. coal exports, for which Europe is the largest customer, peaked in 2012.
[3] In 2015, the U.S. exported 7.0 percent of mined coal.
[4]
Coal remains an important factor in the 25 states in which it is mined.[
citation needed] According to the U.S. Energy Information Administration (EIA), in 2015, Wyoming, West Virginia, Kentucky, Illinois, and Pennsylvania produced about 639 million short tons (580 million metric tons) representing 71% of total U.S. coal production in the United States.
[5]
In 2015, four publicly traded US coal companies filed for Chapter 11 bankruptcy protection, including Patriot Coal Corporation,
Walter Energy, and the fourth-largest
Alpha Natural Resources.
By January 2016, more than 25% of coal production was in bankruptcy in the United States[6] including the top two producers
Peabody Energy[7][8] and
Arch Coal.
[6][9] When
Arch Coal filed for bankruptcy protection, the price of coal had dropped 50% since 2011
[10] and it was $4.5 billion in debt.
[6][10] On October 5, 2016, Arch Coal emerged from Chapter 11 bankruptcy protection.
[11] In October 2018, Westmoreland Coal Company filed for bankruptcy protection.
[12][13][14] On May 10, 2019, the third largest U.S. coal company by production,
Cloud Peak Energy, filed for Chapter 11 bankruptcy protection.
[15] On October 29, 2019
Murray Energy filed for Chapter 11 bankruptcy protection.
............................. Not the kind of news that attracts capital or investors.
