Coal making a comeback as energy source
Coal was the top power source for Texas in January, a spot typically held by natural gas, according to data compiled last week by the Electric Reliability Council of Texas, which oversees power for most of the state.Coal provided around 36 percent of electrical power in January, while BNatural gas was at 30 percent. The Trump administration is reducing some of the regulatory burden on coal producers previously imposed by Obama. It will be interesting to see if it makes a difference going forward. The executive order was signed this month.
Natural gas prices rose in January, after they were the lowest they had been since 1999. Rising natural gas prices pushed coal use up around the country at the start of 2017, even though 2016 was the first year that coal dropped to the number two energy spot in the U.S.