Coal Ditched for Natural Gas at US Power Plants
Apparently many modern electric power plants that are coal powered can also use natural gas. So, when the price of natural gas came down in the US, more power stations switched to the cheaper fuel.
The result has been a sharp drop in coal use. Unused coal is piling up at power plants. About 175 million tons of coal inventory is now backed up. Inventory is up 26% over last year.
This national backlog is now beginning to back up into coal fields too. Wyoming has a 6.5% drop in demand from utilities, especially in the Midwest. For the first time in 15 years, coal production has been slowed in Wyoming. And the future looks grim too.
