Coal vs Fracking
2/1/23
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from Maudlin Economics,
2/1/23:
Every economy needs fuel, but the kind of fuel changes over time. This chart shows US coal consumption and production since the 1950s. Coal usage rose steadily until the Great Recession of 2008, then began declining.
Did overall energy use decline at the same rate? No, nor does renewable energy growth
explain all this change. Maybe a bigger factor was the fracking boom, which reduced natural gas prices and made coal less cost-effective for electricity generation. And with many coal-fired plants closing, the trend may well continue.
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