Is 2014 the year for Coal?

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According to an article in Mining.com, the recent rise in natural gas prices has made coal a more economically appealing option – at least for the short-term.

Here is an excerpt:

Coal took back some lost ground from natural gas in 2013, rising to 39% of electric power generation, while natural gas fell from 30% to 28%. That trend will likely continue into 2014 with natural gas prices now higher than they have been at any time in over two years. The Energy Information Administration predicts that coal’s share of the electricity market will add another percentage point this year, hitting 40%. Meanwhile, natural gas could fall further behind as it is projected to fall to 26.8% in 2014.

…the coal resurgence may be short-lived. The EIA estimates that with the MATS rule coming into effect in 2015, coal’s share of the electricity market falls back to 38.6%, with natural gas rising to 27.6%.

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