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EIA Says US Coal Usage Could Drop to 25-Year Low
May. 08, 2012 03:35PM PST
Industrial Metals InvestingMarketWatch reported that the Energy Information Administration anticipates that more natural gas consumption will cause a drastic drop in coal consumption in the US this year.
MarketWatch reported that the Energy Information Administration anticipates that more natural gas consumption will cause a drastic drop in coal consumption in the US this year.
As quoted in the market news:
The EIA, in its May short-term energy outlook, said it expects U.S. power plants, steelmakers, and other users of the fuel to consume a total of 876 million short tons of coal this year, down 4.5% from the 917 million forecast in April. That would be the lowest consumption since 1987.