We can ship coal to Europe.
Doug
1

You might look at the following numbers regarding wind and solar failing.

Plus… I don’t see Europe or the emerging markets thing working so much, at least for US coal. Picture a coal train pulling enough coal cross-country to fire a plant for a day.

Now try to picture the costs of doing that by running a convoy of ships to Europe.

Moving millions of tons of rocks daily across the country and then across the ocean simply isn’t economically feasible.

Heck, it’s less and less “viable” to do so here: “Mining costs have risen significantly in recent years — on average by around 9 percent per year since 2005,” the International Energy Agency said in its most recent coal market report.

“Coal mining companies are going to need to invest more to produce steady quantities of coal. In its “Coal Information” report for 2012, the IEA said that between 2008 and 2010 it required $7.80 a ton for new production capacity and that those costs would rise to $9.30 a ton going forward.”

Or to put it more bluntly: “There’s no future in transporting coal, says Hunter Harrison, CEO of CSX freight railroad.”

Harrison told analysts on Wednesday that CSX, one of the country’s largest transporters of coal, won’t buy any new locomotives to haul the fuel.

“Fossil fuels are dead,” Harrison continued. “That’s a long-term view. It’s not going to happen overnight. It’s not going to be in two or three years. But it’s going away, in my view.”

That’s not me, and that’s not a biased source. That’s the opinion of a CEO of a major US corporation, whose company hauls some 800,000 carloads of coal a year.

And, I might add, that’s a quote made just a couple of weeks ago which, one would assume, would take into account the current administration’s likely regulatory climate.

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