Is coal making a comeback? Yes, according to new data.
Brad Plumer at Wonkblog notes that "according to the latest data from the Energy Information Administration, coal has been reclaiming some — though not all — of its market share in 2013."
He's not that surprised and lists a few reasons why:
As I’ve noted before, natural gas prices have been creeping up over the past year, thanks to a combination of a colder winter, higher demand for heating fuel, scaled-back drilling, and also new storage facilities that are preventing a glut of gas on the market. The ultra-low gas prices that were devastating the coal industry in 2011 and 2012 weren’t sustainable forever.
So what happens now?
Head over to Wonkblog to read his predictions.