US Coal Exports
Exports Economic Contributions Report
Jul 28 2017

Coal Exports Surge, Adding Fuel to Trump Energy Agenda’s Fire (The Street)

Posted in All News

U.S. Coal Exports Surge, Adding Fuel to Trump Energy Agenda’s Fire

U.S. coal exports have jumped 60% since this time last year as Europe and Asia boost their demand, giving President Trump’s administration a reason to boast, Reuters reported.

President Trump had hoped to revive the bruised coal industry and recently pulled the U.S. out of the Paris Climate Agreement. Europe’s increased demand of the highly polluted energy source undermines criticism of the president’s move.

“If Europe wants to lecture Trump on climate then EU member states need transition plans to phase out polluting coal,” data scientist Laurence Watson said.

The U.K. boosted their demand for U.S. coal 175% and France doubled their imports following a series of nuclear power plant outages. The increase is notable, but remains well-below volumes reported during the last five years.

The largest coal producer, Peabody Energy (BTU) , said the U.S. has become a “swing supplier” for overseas importers as U.S. miners have learned to produce at a lower cost and European demand has ticked up seasonally. But there is a possibility the U.S. will become a “primary player,” the Energy Information Administration said.

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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