US Coal Exports
Exports Economic Contributions Report
Mar 04 2014

Value of U.S. Coal Exports Tripled Since 2005 (Steel Guru)

EIA says US coal exports jump 3 fold since 2005

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

Coal is still a minor slice of US energy trade, which is dominated by oil. Coal only accounts for 5%.

Nevertheless, coal trade has skyrocketed in recent years. The US exported 50 million short tonne in 2005, but that number jumped to 126 million short tonne in 2012.

This is largely due a decreased reliance on coal within the US 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 US still imports coal, with about Q3 coming from Colombia.

With natural gas and renewable energy eating into coal’s market share in the US, 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 US to reach China and India. But those proposals have run into stiff local opposition as well as financial challenges.

See article here.

  • “The fact that we’re no longer in the age of energy scarcity – that we’re in the age of energy abundance – positions the United States in a totally different place. This gives access to affordable, reliable energy in the United States, and gives the U.S. a major competitive advantage.”
    – Dave Banks, Special Assistant to President Donald Trump for International Energy, June 2017
  • “It is in the national interest to promote clean and safe development of our Nation's vast energy resources, while at the same time avoiding regulatory burdens that unnecessarily encumber energy production, constrain economic growth, and prevent job creation. Moreover, the prudent development of these natural resources is essential to ensuring the Nation's geopolitical security.”
    – Executive Order on Promoting Energy Independence and Economic Growth, March 28, 2017
  • “Historically, U.S. companies seeking to expand their revenues focused first on increasing their number and share of U.S customers. For years, this focus served as a winning strategy for many of the most successful U.S. companies. Today, global economic trends make clear that successful companies are those that reach and sell to consumers outside U.S. borders and around the globe.”
    — 2011 National Export Strategy, U.S. Trade Promotion Coordinating Committee
  • “Federal regulatory agencies should not require climate change studies in the course of their permitting processes for proposed facilities. Coal will be consumed around the world regardless of U.S. trade policy. The only question is whether the coal is produced here in North America, where environmental standards are high, or elsewhere.”
    — U.S. Senator Lisa Murkowski, January 7, 2014
  • “At present 19% of the world’s population, 1.3 billion people, lack access to electricity and on New Policy Scenario projections there will still be 1 billion people without such access in 2030. To meet the UN Millennium Development Goal of eradicating extreme poverty by 2015, 395 million more people need access to electricity. There is a strong correlation between electrification and improvement in the United Nations’ Human Development Index.”
    — International Energy Agency, Coal Industry Advisory Board
  • “Access to electricity is strongly correlated with every measurable indicator of human development”
    — Berkeley Science Review, 2008

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