Oil production alone has risen 34% since 2005, and the US continues to be the world’s chief producer of natural gas. Despite the surge in hydrocarbon resources, the coal industry is suffering.

The vast natural gas supply unlocked by hydraulic fracturing and horizontal drilling has pushed prices below $4.00 per MMbtu. The low price of natural gas has made it an increasingly popular energy option. Since 2008, natural gas consumption has risen 37%.

Coal’s Losing its Lure

Aging coal factories, on the other hand, are having difficulty adjusting t...

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