How Permanent Is The Coal Industry’s Bounce Back?

May 31, 2023/in /by Rudolf Huber

It’s bouncing back largely because of countries that don’t give two hoots about an imagined crisis so that’s pretty solid. Plus, the world goes into crisis mode for quite a while which means that there will be ever less money for those renewable contraptions but the world still needs reliable energy. Coal has excellent long-term prospects because once the infrastructure is there, it’s easy. In North America, cheap shale gas has brought coal down. Not climate policy. It’s a competitor that will make sure that it stays low but then again, coal would liberate a lot of Natural Gas to replace oil in transport. But that’s another cup of tea.

How Permanent Is The Coal Industry’s Bounce Back? | OilPrice.com

The coal industry has been pronounced dead multiple times in recent years, but the energy crisis triggered by the global pandemic brought it back to life, although perhaps only temporarily.

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