Crisis in American mining
The crisis in American mining is discussed. The discussion focuses on the outlook for coal in the overall energy picture. Because of the Arab oil embargo of 1973, the Iranian disruption of 1979, and the tenfold increase in oil prices over the past decade, radical changes have taken place in energy supply and demand patterns. Two of the most important of these changes relate to investment. First, large investments have been made in energy-efficient plants, equipment, buildings, and vehicles. Their effect will restrain energy demand growth for the foreseeable future. Second, investments have been made in fuel-switching, from oil to coal and nuclear power. As a result the oil demand at the end of this century will be at approximately the same level as it is today. Natural gas demand is also likely to be flat. Coal demand, on the other hand, is expected to increase steadily over the long term. Recent conditions in the coal industry are reviewed, and a specific 10-year forecast is given.
- OSTI ID:
- 5395656
- Journal Information:
- Compressed Air; (United States), Vol. 89:5
- Country of Publication:
- United States
- Language:
- English
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COAL
PRODUCTION
SUPPLY AND DEMAND
COAL MINING
REVIEWS
USA
COAL INDUSTRY
FORECASTING
MARKET
CARBONACEOUS MATERIALS
DOCUMENT TYPES
ENERGY SOURCES
FOSSIL FUELS
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INDUSTRY
MATERIALS
MINING
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012000* - Coal
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015000 - Coal
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