Obama declared a war on coal. President Trump has reversed this and we are now exporting tons of it. To where? Holier than thou Europe. From Oil & Gas 360:
U.S. Coal Finds Footing In European Markets
A report by the EIA indicated that coal exports—for both steam coal, used for power generation, and metallurgical coal, used for refining steel—have increased by 58 percent from Q1 of 2016 to Q1 of 2017. The majority of the increase was in steam coal, which grew by 6 million short tons (MMst).
Big U.S. coal customer: Europe
The majority of the coal was shipped from ports on the Atlantic Coast and Gulf Coast. The U.S. exported a total of 10.135 million short tons of steam coal during Q1. Steam coal exports were bound largely for European markets—which consumed approximately 50 percent of the U.S.’ total steam coal exports in Q1, 2017.
But wait - didn't the European nations do a whole bunch of virtue signalling saying that they were shutting down their coal-burning power plants to save the planet? Why the huge uptick in imports - could it be that smart numbers people are in charge?
Great news from the Department of Common Sense.
Leave a comment