With 2013 now at an end, coal industry participants are beginning to take stock of how the fuel fared this past year. Unfortunately, as Resource Investing News recently pointed out, the answer is: not well.
That's especially true in the United States, where President Barack Obama is waging what coal enthusiasts are calling a "war on coal." Perhaps most notably, this past year saw both the US Environmental Protection Agency propose new rulesaimed at decreasing carbon pollution from future power plants, and the Department of the Treasury declare that the US will no longer support new coal-fired power plants worldwide, as per The New York Times.
It's thus not too surprising that coal production in the US was lower in the third quarter of 2013 than it was in the year-ago period. Specifically, it came in at 256.7 million stone, a 0.9-percent decrease from Q3 2013, Platts recently quoted the US Energy Information Administration (EIA) as saying. The EIA's forecast for the entirety of 2013 is similar — based on the first three quarters of the year, it estimates that the US produced about 993.1 million stone of coal last year, around 2.3 percent less than the 2012 total.
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