From Forbes:
Alternative energy is not causing the collapse of coal mining. (click here)
The coal industry has been in trouble for years, as evidenced by the recent announcement by Peabody Energy BTU +4.17%, the world’s largest private-sector coal company, that it may have to file for Chapter 11 bankruptcy protection. There are a number of reasons behind the demise of the U.S. coal industry, but the biggest factor is displacement of coal by natural gas in the power generation sector. This week the Energy Information Administration (EIA) published a graphic that highlighted the role of natural gas in displacing coal:...
...“Energy Infrastructure Update”, the agency noted that 468 megawatts (MW) of wind power and 145 MW of solar power accounted for 100% of new electrical generation capacity brought into service in January 2016. FERC’s December 2015 “Energy Infrastructure Update” revealed that renewables were responsible for 64% of all new electrical generating capacity installed last year....
...This is why, despite the fact that renewables took the lion’s share of new electrical generating capacity installed last year, it was natural gas that seized the largest share of power production from coal utilities....
Steve Forbes is on FOX stating the threat to coal are renewables at the very same time his publication has FACTS indicating that natural gas is displacing coal. That is the case. Currently, natural gas is the one form of energy that has displaced coal.
This goes to prove FOX is nothing but political right wing rhetoric and not the TRUTH.
There are no facts at FOX. Why bother with them?
Alternative energy is not causing the collapse of coal mining. (click here)
The coal industry has been in trouble for years, as evidenced by the recent announcement by Peabody Energy BTU +4.17%, the world’s largest private-sector coal company, that it may have to file for Chapter 11 bankruptcy protection. There are a number of reasons behind the demise of the U.S. coal industry, but the biggest factor is displacement of coal by natural gas in the power generation sector. This week the Energy Information Administration (EIA) published a graphic that highlighted the role of natural gas in displacing coal:...
...“Energy Infrastructure Update”, the agency noted that 468 megawatts (MW) of wind power and 145 MW of solar power accounted for 100% of new electrical generation capacity brought into service in January 2016. FERC’s December 2015 “Energy Infrastructure Update” revealed that renewables were responsible for 64% of all new electrical generating capacity installed last year....
...This is why, despite the fact that renewables took the lion’s share of new electrical generating capacity installed last year, it was natural gas that seized the largest share of power production from coal utilities....
Steve Forbes is on FOX stating the threat to coal are renewables at the very same time his publication has FACTS indicating that natural gas is displacing coal. That is the case. Currently, natural gas is the one form of energy that has displaced coal.
This goes to prove FOX is nothing but political right wing rhetoric and not the TRUTH.
There are no facts at FOX. Why bother with them?
