By Hal Quinn
President, National Mining Association
What’s Really Causing Coal’s Decline?
Let’s start by correcting the premise. The simplest answer to the question posed by The National Journal this week is “hyperbole” is behind the talk of coal’s “decline”. Like Mark Twain’s quip about his own demise, the news of coal’s decline is greatly exaggerated. It is, nonetheless, the cause for legitimate concern among those who value affordable electricity from a secure and abundant domestic energy source. So, let’s look at the question from a more dispassionate perspective.
First of all, the “decline-of-coal” that is now the subject of inside-the-Beltway chatter is very relative. From generating virtually half the nation’s electricity for a decade, coal is now generating 40 percent-plus. And with a 260-year supply of domestic coal under our feet, Americans will be relying on coal for the foreseeable future. That’s why the EIA’s most recent Outlook projects renewed growth in 2013.