The resurgence of coal as a primary energy source in the United States is driven by its abundance, affordability, and advancements in clean coal technologies. Once again, long-dormant mines are being reopened to meet the increasing electricity demands of the nation.
Currently, coal fuels 51% of the electricity generation in the United States, and projections indicate a significant increase in electricity demand over the next 25 years, potentially requiring the construction of an average of 65 new power plants annually.
Fortunately, the United States possesses an estimated 274 billion tons of recoverable coal reserves. This vast domestic supply ensures energy independence and price stability, as these reserves are projected to last for approximately 250 years, exceeding the lifespan of oil and natural gas reserves.
Contrary to popular belief, coal is becoming a cleaner energy source through technological advancements. From 1976 to 1993, substantial investments were made in Clean Coal Technology projects. A notable example is the NOX burner, which reduces nitrogen oxide emissions and is now implemented in the majority of coal-fired power plants. These technologies have demonstrably reduced emissions associated with coal-generated electricity. From 1980 to 2001, sulfur dioxide emissions decreased by 38%, nitrogen oxide emissions by 32%, and particulate matter emissions by 25%.
Furthermore, coal offers significant cost advantages for businesses. Its stable pricing and widespread availability across the United States minimize transportation expenses and generation costs compared to natural gas and oil. The cost of coal-generated electricity is approximately one-fourth the cost of electricity generated by natural gas, making it a financially attractive option for businesses.
Companies like Quest Minerals and Mining (OTC BB: QMMG.OB) are actively contributing to this resurgence by acquiring and reopening mines in the southeastern United States that had been previously closed due to fluctuating coal prices. These companies are focused on producing high-quality compliance coal for utilities and industries, while also exploring the production of metallurgical coal for steel manufacturing.