Sunday, January 2, 2011

What Does The Future Hold For Coal Vs. Natural Gas?

The Beckley, W.Va. newspaper has published an article that examines the possible impact on coal from the recent prolific natural gas discoveries in the Marcellus Shale. "Though coal still provides about half of the nation’s energy, others are skeptical about coal’s ability to hang on to its market share for long. Black & Veatch, an energy consulting company, estimate coal’s market share will fall from 48 percent to 21 percent by 2035. The same group expects natural gas to grow from 21 percent of the electricity market to about 40 percent by 2035," the article reports. Click to read the entire article.