“In the first half of this year, at least six domestic coal companies filed for bankruptcy.” – Salon
Falling oil prices, falling gas prices, increased pollution regulation, growing installations of renewable energy mean coal is having a tougher time, tough enough that companies are going out of business – or at least declaring bankruptcy. Some of those trends will continue so, even if oil and gas prices rise again, coal’s market share will be smaller and probably continue to shrink. The environment may celebrate. Appalachian communities may not; they will, however, have to find new ways to create an economy.
(Click on the photo for the link.)