There is economic life after coal, and the sooner America’s coal country concedes that coal as a power source is about dead, the sooner it can move on to better days. This is the reality of coal. It’s on the way out whether President Donald Trump “digs” it or not.
Major U.S. coal companies are falling one by one. They’ve filed over half a dozen bankruptcies in the past year, according to The Wall Street Journal. Fueling this downturn is the growth of natural gas and renewable energy. Natural gas is cleaner and cheaper than coal. What electric utility in its right mind would prefer coal?