Trump as the president worked to revive the coal mining industry because even though fewer and fewer power plants utilize the fossil fuel domestically, there is a massive global market for coal in the developing world.
China and India have voracious appetites for coal as most of their power plants coming online burn coal to generate power.
Because the Biden regime is being run by insane leftists whose agenda includes crashing the country so they can rebuild it in their Marxist image, American coal production is taking a hit again just as demand for coal is skyrocketing thanks to renewed demand following the COVID-19 pandemic.
Almost every lump of coal that U.S. miners will dig out of the ground next year has already been sold, as surging natural gas prices prompt utilities to burn more of the dirtiest fossil fuel.
Peabody Energy Corp., the top American supplier, has contracts for more than 90% of its coal from the Powder River Basin region next year and all of the power-plant fuel from its other U.S. mines.
Even with coal miners boosting output next year, power producers are signing multi-year contracts for every ton they can get.
U.S. coal inventories are already sold out more than a year in advance; what happens if coal demand outstrips mines' ability to produce it? That's pretty simple: Power outages.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Wednesday, November 3, 2021
Massive Energy and Power Crunch Coming Soon as U.S. Coal Producers Have Already Sold Their Coal Inventories for 2022
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