A centerpiece of Trump’s campaign was reaching out to coal miners, a strategy that helped Trump win nearly all the major coal-producing states with the exception of Illinois. Of course, any politician must make good on promises made to voters or risk being defeated in the next election. The 2020 presidential election is a long way off, but Trump needs to get coal miners back to work. Whether he can is another story.
“But coal lost that war years ago. Cheap natural gas has been undermining the business case for coal for nearly a decade now, well before former President Obama took aim at power plant emissions. Coal’s real enemy has long been the “shale gas revolution.” More recently, renewable energy has piled on the pain. Rapidly expanding installations of solar and wind power are grabbing more market share, putting deeper pressure on coal,” notes OilPrice.com.
With U.S. demand for coal in question, producers may be forced to international markets, mainly emerging economies, such as China. Increased steel production could also help U.S. producers of metallurgical coal.