As the No. 2 U.S. coal miner emerges from bankruptcy, a report in Europe warns of trouble ahead for the U.K. Arch Coal, Inc. (ticker: ARCH) said last week that it has successfully completed its financial restructuring and emerged from court protection with more than $300 million of cash on its balance sheet and a debt level of $363 million—7% of
From Power Magazine Now that the political conventions are over and Americans must choose between two presidential candidates, the rhetoric around coal’s future continues to heat up. What neither candidate is telling you, however, is that no matter who is elected in November, no matter what the makeup of the next Congress is, America’s coal age is over. The answer
Domestic U.S. energy production of 89 quadrillion Btu accounted for 80% of U.S. energy supply: EIA U.S. energy production totaled 89 quadrillion Btu in 2015, according to the latest information from the EIA. Domestic production increased 2 quadrillion Btu, or roughly 2%, year-over-year. The majority of that production – 80% — came from fossil fuels, according to the agency. Gross withdrawals
Global Demand for Electricity Expected to Double over the Next Two Decades Asia accounts for a 45% increase in additional new power units being planned or under construction that are currently active. The global collective push for cleaner fuels is driving a push for more natural gas amid a future wave of gas supply and expected low prices. Coal is
Oil output down more than 7%; Coal down more than 15% The glut of oil brought on by OPEC’s decision to defend market share continues to put pressure on producers around the globe, particularly in China. China’s largest oil and gas producer, China National Petroleum Corp. (CNPC), reported 2015 profit was less than half of what it was in 2014
Decreasing demand for coal in electricity generation pushes production down to levels not seen since the early 1980s Coal production in the first three months of 2016 was 173 million short tons, the lowest quarterly level in the United States since a major coal strike in the second quarter of 1981. Among the regions tracked by the EIA, the Powder
Natural Gas: the environmental movement’s strongest asset Double benefits of gas-fired power plants: NatGas emits less carbon dioxide per unit of electricity generation and consumes less fuel per unit of generation It shouldn’t be very long before the environmental movement is rallying kayakers to hold celebrations to thank U.S. E&P companies for their hard work and massive investments to find and
When politicians get called out by a flesh-and-blood voter for something damaging they said, something that was broadcast on CNN and archived on Youtube, their sudden backtracking, denials and squirming are revealing. Clinton told a CNN panel in March: “We’re going to put a lot of coal miners and coal companies out of business.” The former secretary of state, running
Total 2015 U.S. energy production was 89 quadrillion BTUs, 91% of consumption The United States total energy production saw an increase for the sixth consecutive year. Data collected from EIA’s Monthly Energy Review stated that energy production in the U.S. totaled 89 quadrillion British Thermal Units. The total amount of energy produced in the U.S. in 2015 corresponded to roughly
U.S. remains a net exporter of coal, exporting 74.0 MMst in 2015 Flows of coal in and out of the United States showed a net decline in 2015, with coal exports falling 23% while imports remained relatively unchanged. The U.S. remained a net exporter, however, with 74.0 million short tons (MMst) of net outflows on the year. 2015 marked the
First a warning, then executive actions through the EPA, now a halt to coal mining leases on federal land Government policy can be used as a powerful industry killer. Ask the coal miners in Appalachia. In a 2008 speech candidate Obama warned that “if somebody wants to build a coal power plant it will bankrupt them because they’re going to be
27 States are Suing to Stop the CPP, Where do Things Stand? On August 3, 2015, President Obama and the U.S. Environmental Protection Agency announced the Clean Power Plan, which is described on the EPA website as “a historic and important step in reducing carbon pollution from power plants that takes real action on climate change.” The Clean Power Plan mandates the federal
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
