US Coal Exports
Exports Economic Contributions Report
Jul 19 2017

US Coal Exports Are Surging Under Trump Gov’t Report Says (The Daily Caller)

Posted in All News

US Coal Exports Are Surging Under Trump, Gov’t Report Says

U.S. coal exports have surged since President Donald Trump took office, according to a Tuesday report from the U.S. Energy Information Administration (EIA).

U.S. coal exports to other countries for the first quarter of 2017 were 58 percent higher than in the same quarter of 2016, according to the EIA report. Most of the coal is sold to European or Asian markets, where demand is rapidly rising.

U.S. coal production fell by 18 percent in 2016 when compared to the previous year, but changing market conditions suggest that a comeback is on the way, according to a previous EIA report published in February.

Coal power has been in decline for years, due to strict regulations and market conditions that favored natural gas power.

However, the coal industry is somewhat optimistic about its chances of recovery. Trump has repeatedly pledged to save coal by rolling back Obama-era environmental regulations.

Coal power provided about 33 percent of all electricity generated in the U.S. in 2015, according to data from the EIA. Natural gas provided another 33 percent, while nuclear generated 20 percent. That same year, wind and solar power only accounted for 4.7 and 0.6 percent, respectively, of electricity generation.

Even though coal is still a major part of the U.S. power grid, there are 83,000 fewer coal jobs and 400 fewer coal mines than when former President Barack Obama was elected in 2008. A 2015 study found that the coal industry lost 50,000 jobs from 2008 to 2012 during Obama’s first term.

As a result, many ex-coal miners are unemployed and Appalachian “coal country” faces very real economic devastation.

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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