U.S. coal consumption will drop 14% from 2011-2017, the International Energy Agency forecasts,...
Tuesday, December 18, 2012, 5:25 AM ETU.S. coal consumption will drop 14% from 2011-2017, the International Energy Agency forecasts, due to the shale gas revolution prompting power companies to abandon coal. Overseas, the picture is totally different, with coal demand booming in China, India and other emerging markets. The problem for U.S. producers is that international prices are low. The IEA predicts restructuring for the sector and possible job losses.
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