"The ailing American coal industry, which has pinned its hopes on exports
to counter a declining market at home, is scaling back its ambitions as
demand from abroad starts to ebb as well," Clifford Krauss reports for The New York Times. "A global coal glut and price slump, along with persistent environmental
opposition, are reducing the likelihood that additional exports could
shield the industry from slipping domestic demand caused by cheap
natural gas and mounting regulations." (Read more)
No comments:
Post a Comment