Percentage of the world’s coal reserves located in the U.S.: 25%
Coal’s percentage of U.S. energy reserves: 90%
Percentage of electricity in the U.S. generated by coal: 50%
Cost of a megawatt of energy produced by coal: $20 to $30
Cost of a megawatt of electricity produced from natural gas: $45 to $60
1980 U.S. coal production in million of tons: 890
2001 U.S. coal production in million of tons: 1,121
Percentage of coal production from surface mining, 2000: 65%
Percentage decline in coal industry employment 1986 to 1997: -47.29%
Wind and solar are double the price of coal. We are in a deep recession and crashing into wind and solar is dangerous to a withering economy. Forget all the people on fixed incomes – no one cares. Both parties are praising the rush away from energy we can afford. Wind farms in Europe are filled with corruption. These farms are costly and attractive to power brokers.
Governor Christie, Republican, hates coal and will do what he can to close every coal-fired powerplant in New Jersey.
New Jersey governor Chris Christie pulled New Jersey from the Regional Greenhouse Gas Initiative (RGGI), the only mandatory cap-and-trade program in the U.S., while promising to ban new coal-fired plants in the state.
Branding the RGGI a failure, Christie told a press conference yesterday that the state will withdraw from the program “in an orderly fashion” by the end of the year. At the same time, Christie announced a construction ban for new coal power plants in the state and pledged to close older existing ones. “We need to commit in New Jersey to making coal a part of our past,” he says, reaffirming the state’s ambitions to be an offshore wind leader…Trends indicate the cost of the allowance will continue to be at the floor reserve price and there will be no significant secondary market for allowances. In other words, the whole system is not working [as intended]. It’s a failure,” Christie says.”