Written by Dennis Wamsted and Seth Feaster
The Energy Information Administration, the federal bureau amenable for national energy abstracts accumulation and analysis, has been historically out of accompany on its U.S. coal-industry projections and seems every bit as off the mark as anytime these days.
It’s as if the EIA can’t abdicate activity rogue from reality.
In a “Today in Energy” commodity appear on the EIA website on March 30, the agency—which is adjourned by aborigine dollars—discusses its logic-defying forecast, allotment of its “Annual Energy Outlook 2018,” on how it envisions coal’s approaching role in the U.S. electricity-generation equation.
The bureau says it sees “virtually no [coal plant] retirements from 2030 through 2050,” an affirmation that flies in the face of absolute trends. While atramentous will abide a basic of the American electricity-generation mix, its allotment of the bazaar is in abatement and will absolute acceptable abide so for years to come.
As IEEFA acclaimed in a January report, “U.S. Coal: Added Bazaar Erosion Is on the Way,” the declared improvement of the industry in 2017 is generally abstract “and its trend against abiding structural abatement is all but abiding to persist.”
Momentum against a cleaner, cheaper electricity-generation area is alone growing, apprenticed by bazaar forces, by preferences amid consumers and businesses,
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