With US natural gas production growth and subsequent natural gas price declines coal has been backed out of the power generation fuel mix to some extent. As a result, US coal producers are exporting greater volumes to European and Asian buyers, which is a trend that alarms many in the environmental community who fear negative… Keep reading →
An article in The New Yorker features an interview with John Podesta, a newly appointed White House Advisor on energy and climate issues, who claims Republican lobbying efforts against the Keystone XL Pipeline backfired. Podesta said the pipeline was “rolling toward approval,” but strong-arm tactics led by API slowed the approval process long enough for… Keep reading →
More efficient technology combined with low costs and good wind resources are making wind cost-competitive with some of the cheapest forms of fossil energy in the Midwest. “In the Midwest, we’re now seeing power agreements being signed with wind farms at as low as $25 per megawatt hour,” said Stephen Byrd, Morgan Stanley’s Head of… Keep reading →
As consumers, we may not stop to consider how the global mining industry plays a role in our daily lives.
Consider that the average American uses approximately 3.4 tons of coal and nearly 40,000 pounds of newly mined materials each year, according to the National Mining Association. With a rising global demand for energy and other commodities – especially in emerging markets such as China, India and Brazil – mining has never been a more vital industry. Keep reading →
