{"id":6659,"date":"2015-03-20T07:09:21","date_gmt":"2015-03-20T12:09:21","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6659"},"modified":"2015-03-20T07:09:21","modified_gmt":"2015-03-20T12:09:21","slug":"a-wave-of-bankruptcies-about-to-hit-coal-industry","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6659","title":{"rendered":"A \u201cWave of Bankruptcies\u201d About To Hit Coal Industry"},"content":{"rendered":"<h3><a href=\"http:\/\/oilprice.com\/Energy\/Coal\/A-Wave-of-Bankruptcies-About-To-Hit-Coal-Industry.html\" target=\"_blank\">A \u201cWave of Bankruptcies\u201d About To Hit Coal Industry<\/a><\/h3>\n<p>The future for the coal industry is looking \u201cincreasingly bleak,\u201d according to\u00a0<a href=\"http:\/\/www.thefly.com\/landingPageNews.php?id=2162611&amp;headline=ANR;ACI;BTU;CNX;CLD-US-coal-sector-predicted-to-see-wave-of-bankruptcies\">an investor\u2019s note from Macquarie Research<\/a>. The analysis firm also said that \u201ca wave of bankruptcies\u201d appear to be just over the horizon as coal mining companies deal with mounting debt and a shrinking market.<\/p>\n<p>The coal markets have collapsed in spectacular fashion over the last few years due to a perfect storm of factors. U.S. coal producers first had to compete ferociously with shale gas in America\u2019s electric power sector as fracking took off about a decade ago. That forced an array of coal plants to shut down as cheap gas washed over the country. Subsequently a regulatory crack down from the federal government \u2013 including forthcoming restrictions on greenhouse gases \u2013 further dimmed the growth prospects of coal.<\/p>\n<p>But U.S. coal producers always had the international market, and exports stepped up in concert with falling domestic consumption. Now the foreign buyers are shrinking as well. China, the one country that the coal industry could count on for ceaseless growth in coal consumption, actually\u00a0<a href=\"http:\/\/www.eenews.net\/climatewire\/2015\/03\/18\/stories\/1060015235\">burned<\/a>\u00a02.9 percent less coal in 2014 than it did the year before.<\/p>\n<p><strong>Related:\u00a0<a href=\"http:\/\/oilprice.com\/The-Environment\/Global-Warming\/Is-China-Exporting-Its-Pollution.html\">Is China Exporting Its Pollution?<\/a><\/strong><\/p>\n<p>When China, which consumes about as much coal as the\u00a0<a href=\"http:\/\/www.eia.gov\/todayinenergy\/detail.cfm?id=16271\">rest of the world combined<\/a>, sees its level of coal burning stay flat or even fall, that raises red flags for the entire industry.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A \u201cWave of Bankruptcies\u201d About To Hit Coal Industry The future for the coal industry is looking \u201cincreasingly bleak,\u201d according to\u00a0an investor\u2019s note from Macquarie Research. The analysis firm also said that \u201ca wave of bankruptcies\u201d appear to be just over the horizon as coal mining companies deal with mounting debt and a shrinking market. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[1361,113,130,147,4292,148,386,4293,4294],"class_list":["post-6659","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-bankruptcy","tag-carbon-emissions","tag-china","tag-coal","tag-coal-industry","tag-coal-production","tag-greenhouse-gases","tag-macquarie-research","tag-us-coal"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6659"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6659\/revisions"}],"predecessor-version":[{"id":6660,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6659\/revisions\/6660"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}