28 Feb '16, 12am

#peakoil Amid coal market struggles, less fuel worth mining: Vast coal seams dozens of feet thick that lie ben...

#peakoil Amid coal market struggles, less fuel worth mining: Vast coal seams dozens of feet thick that lie ben...

Amid coal market struggles, less fuel worth mining Vast coal seams dozens of feet thick that lie beneath the rolling hills of the Northern Plains once appeared almost limitless, fueling boasts that domestic reserves were sufficient to power the U.S. for centuries. But an exhaustive government analysis says that at current prices and mining rates the country’s largest coal reserves, located along the Montana-Wyoming border, will be tapped out in just a few decades. The finding by the U.S. Geological Survey upends conventional wisdom on the lifespan for the nation’s top coal-producing region, the Powder River Basin. It also reflects the changing economic realities for companies seeking to profit off extracting the fuel as mining costs rise, coal prices fall and political pressure grows over coal’s contribution to climate change. “You’re looking at a forty-year life span, max...

Full article: http://peakoil.com/production/amid-coal-market-struggles-...

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#peakoil No sign of Peak Oil: Nor, for that mat...

peakoil.com 28 Feb '16, 12am

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via @grist

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via @ecowatch

via @ecowatch

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