When you look at where the supply of and demand for coal are, it’s not hard to understand why there’s such a push for exports, here in the Pacific Northwest.
According to the International Energy Agency, the use of coal in the U.S. is expected to drop by 14% over the next four years.
At the same time, demand for coal is skyrocketing in developing markets overseas, namely in China.
Companies that mine coal in the Powder River Basin in Wyoming are eyeing the Chinese market closely, and that’s why they’re hoping a handful of export terminals here in the Pacific Northwest get built.
Darren Epps follows the coal business for SNL Energy, a daily industry news source. We spoke with him recently from his office in Washington, D.C.