Ralph Cramden wrote:
RTCastillo wrote:
That's what they said about coal that even insiders in the industry is now saying it's dying and quickly.
And these insiders are? They may want to tell that to Dodge Analytics and some of the other construction data and bid sites, who are posting billions of dollars worth of future construction of mine facilites coming up in the next 10 years or so. They even have a few coal plants listed. They should also tell that to Consol, Murray Energy etc. We have a couple of contracts ongoing right now for mine support facilities. You might kill it off out on the west coast but its not going away anytime soon here in the East.
The further you go west in the US, the higher the percentage gets of those who think their energy comes from some magic source and is delivered in a wagon pulled by Unicorns. You can tell that simply by reading these type of threads, thinking a little, and matching up the persons location with their post or position lol.
Good luck and wish US extraction industry well. Yeah, West Coast are targeting on all renewable electricity sources in their future years.
Even China, the biggest coal user, is not building any new coal powered plants.
I was engaged by a cement manufacturer whose long term goal is to use coal only in firing up and minimally in stable operations. Calculated that while coal is low in purchase price initially, there is higher costs overall to include storage, ash dumping and disposal.
BTW, the insider is Robert Murray, he is just the owner of the biggest private coal company in the US. The same news said that solar energy employs more people currently than the coal industry and still on the downtrend.