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From:
BiteMe@Bitch.org
EIA: U.S. coal production to fall to 40-year low in 2019
The U.S. Energy Information Administration projected lower U.S. thermal
and metallurgical coal exports in 2019 and 2020 than it estimated in June.
The administration forecast that U.S. thermal coal exports will sink by
17.6% to 44.6 million tons this year and by another 12.6% to 39 million
tons in 2020, according to its July 9 “Short-Term Energy Outlook.” The administration had projected in its June report that steam exports would
total 46.3 million tons in 2019 and 41.3 million tons in 2020.
The EIA projected that total U.S. coal exports will fall by 16.9% to
96.1 million tons this year and by another 8.6% to 87.8 million tons in
2020. Export prices dropped and have remained low through the first half
of 2019, which may hinder certain producers’ ability to compete internationally as their contracts roll off.
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