Decline of coal in the U.S. accelerating

Last Modified: Sat Jun 11 2016 23:02:04 GMT+0530 (India Standard Time)
  • 17%
    Decline in coal production in the United States for the period January through March as compared to previous quarter. This is the steepest quarter-over-quarter drop in nearly 32 years. At 173 million tons it was the lowest in any quarter since 1981.
  • 32%
    drop in coal imports in March 2016 compared to same month in 2015. The Energy Department forecasts an annual coal export decline of 10 percent this year and 12 percent in 2017 due to slow economic growth especially in Asia and low international coal prices.
  • 20%
    Decline reported by the Association of American Railroads in coal railcar loads transported during the first quarter from the fourth quarter of 2015. Coal companies are not the only businesses suffering from the production cuts.
  • 29%
    of fuel used to generate electricity comes from coal, down from 32% barely 3 months ago and 50% in 2008.