Coal Outlook is Positive
The National Mining Association says things are looking up for the coal mining industry. President Hal Quinn says improvement in new-home construction and car sales in the U.S. are good signs, and global demand for coal and other natural resources will continue, espcially in developing countries. Quinn says coal is on track to become the world's primary energy source, surpassing oil by 2015. In the U.S., total coal consumption is expected to grow by 50 million tons over last year, due in part to cooler weather and natural gas prices that the Energy Information Administration predicts will jump 22 percent.