energy markets

What’s Been Killing U.S. Coal?

No, it’s not Biden. Or EPA. The culprits are supply and demand.

From 1960 to 2005, coal use grew more or less steadily by 18 million tons per year. It then tread water for a few years and began a steep decline in 2008, going from half of U.S. electricity to about one-fifth today. What happened in the middle of the Bush Administration to halt growth? And …

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