The Last Barrel ///
A funny thing happened, as His Highness, Barack H. Obama, worked on new methods to achieve his Utopian dream of a coal-free America. While Obama was busy pillaging (figuratively) the coal economies of Wyoming, West Virginia, Pennsylvania, Ohio, Kentucky and Virginia, no less than the International Energy Agency (IEA) came out with a study that says globally, coal will be a long-term, dominant fuel. Yes, that’s right. The report, entitled, Medium-Term Coal Market Report 2012—Market Trends and Projections to 2017, says that coal may be the world’s dominant fuel by 2030. In fact, the report’s press release said that “coal’s share of the global energy mix continues to rise, and by 2017, coal will come close to surpassing oil as the world’s top energy source.”
Log in to view this article.
Not yet a subscriber? Get started now for immediate access to this content and more.