West Virginia was the second largest producer of coal in the United States in 2005, producing 160 million tons or 13% of total production, while Wyoming was number one, producing 380 million tons, approximately 35% of the nation’s total coal production. However, the coal produced by West Virginia is more in demand than that which is produced in western states as it is considered a cleaner burning coal.With demand for alternative energy sources in the U.S. at an all time high, the price of coal doubled over the past two years, as natural gas and oil prices have sky rocketed with supplies diminishing, especially in the wake of Hurricane Katrina in the Gulf of Mexico in August of 2005. The Gulf produces nearly 40% of the nation’s natural gas and refines nearly 30% of the nation’s oil and is still hampered by the storm’s devastation. In 2006, coal is expected to provide over 50% of the energy necessary for U.S. electric utilities and speculators expect the future of the coal industry to extend its growth over the next decade, returning to its rate of production prior to the 1970’s.The tragedies of the 2005 hurricane season along the Gulf Coast as… Read full this story
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