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The uncertain future for coal

Posted on 05 June 2013

With fracking continuing to gain momentum — and with legislation from the Obama administration that could make as many as 65% current coal plants uneconomical — the “dirty” energy’s future is uncertain.
It used to be that coal dominated energy consumption around the world, as this fossil fuel was both abundant and relatively cheap to use. But as big oil stepped in, the past few decades have seen dependence on coal cool off. In more recent years, coal has taken an even bigger hit as developed countries have attacked the fuel source for its negative environmental impact………………………………………..Full Article: Source


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VRS - who has written 38144 posts on Opalesque Commodities Briefing.


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