Sep
21
Factoids About US Coal Production, shared by Carder Dimitroff
September 21, 2012 |
"Mining it More, Burning it Less":
We're mining more coal in the US, more efficiently than ever, but burning less of it. Domestic consumption of coal is down to its lowest point since 1988. Meanwhile US coal exports have reached their highest levels in 20 years.
Republicans accuse President Obama of waging "war on coal." Coal companies blame over-regulation from Washington. But US coal production has risen substantially over the last half century, from 560 million tons in 1950 to 1.1 billion in 2011.
Comments
1 Comment so far
Archives
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- Older Archives
Resources & Links
- The Letters Prize
- Pre-2007 Victor Niederhoffer Posts
- Vic’s NYC Junto
- Reading List
- Programming in 60 Seconds
- The Objectivist Center
- Foundation for Economic Education
- Tigerchess
- Dick Sears' G.T. Index
- Pre-2007 Daily Speculations
- Laurel & Vics' Worldly Investor Articles
“But US coal production has risen substantially over the last half century, from 560 million tons in 1950 to 1.1 billion in 2011″
Two data points and a straight line can serve many objectives, an understanding of reality is usually not one of them.
Annual US Coal production data are readily available and a cursory examination reveals a strikingly different picture than the quote above implies.
About 90% of the growth in US coal production above the 1950 level occurred in the 24 year period between 1966 and 1990.
US coal production first attained the present 1.1 billion ton mark in 1998 (1996 if you want to round up). It peaked only slightly higher at a little less than 1.2 billion tons in 2008. So US coal production has been essentially flat for at least the last 15 years.
There are undoubtedly many factors that impact US coal production trends; government policy implemented through regulation is clearly one of them. What impact these and other factors will have on future production is an interesting question.