America's voracious appetite for energy will put tremendous pressure on the nation's coal industry, according to Steven Leer, chief executive officer of Arch coal, which owns three coal mines in Utah and is the state's largest coal producer.As we've seen in the past, there are other ways the coal supply can be disrupted.
Today, about 50 percent of the nation's electricity is produced by coal-fired power plants. Leer said that market share will grow by another 7 percent in coming years. In fact, projections show that by 2030 the nation will need 700 million tons of coal more than what is being produced today, a 68 percent increase.
"That is a huge number," Leer said Thursday at the Utah Mining Association's annual convention. "It's going to be a challenge to every man and woman in this room.
Technorati tags: Energy, Environment, Electricity, Coal, Utah
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