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Coal Mining’s Financial Failures: Two Thirds of World’s Production Now Unprofitable

Coal Mining’s Financial Failures: Two Thirds of World’s Production Now Unprofitable Sixty-five percent of the world’s coal production is unprofitable at today’s prices, a new research report by Wood Mackenzie, a commercial intelligence company often cited by investment analysts and the coal industry itself, concluded. Both major types of coal — the coking coal used for […]

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Nicole Foss Talks Energy Industry Issues and Oil Price Collapse

Nicole Foss Talks Energy Industry Issues and Oil Price Collapse Part I- Energy Industry Issues The Doomstead Diner site blurb: Coal Industry Collapse-Carbon Sequestration One of the biggest effects we see lately is a collapse in commodity prices, through all sectors. Most intriguing to me is the collapse in coal prices, since coal is used […]

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Coal Is Doomed Even If It Wins Against EPA In Courts

Coal Is Doomed Even If It Wins Against EPA In Courts The controversy over the Environmental Protection Agency’s Clean Power Plan has become the latest chapter in the chronicle of President Obama’s so-called ‘war on coal’. The plan promises many things, chief among them the health and climate benefits accrued by switching to cleaner burning […]

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The Latest Casualty In Energy’s Hardest Hit Industry

The Latest Casualty In Energy’s Hardest Hit Industry Another coal company bites the dust. Again. Patriot Coal, a miner of coal in several Appalachian states, filed for Chapter 11 bankruptcy on May 12. Patriot said it is “in active negotiations for the sale of substantially all of the Company’s operating assets to a strategic partner.” The move […]

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A “Wave of Bankruptcies” About To Hit Coal Industry

A “Wave of Bankruptcies” About To Hit Coal Industry The future for the coal industry is looking “increasingly bleak,” according to an investor’s note from Macquarie Research. The analysis firm also said that “a wave of bankruptcies” appear to be just over the horizon as coal mining companies deal with mounting debt and a shrinking market. […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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