The good news: Electricity generation from coal is declining sharply in the U.S., from 50% 2 years ago to 43% today.
The bad news: The reason for the drop is that there is a "virtually infinite" supply of natural gas. The lowest gas prices in at least a decade ($2.34 Friday morning) are making coal-fired power plants uneconomical. Out of 350 gigawatts of coal capacity, roughly 50 gigawatts are at risk for replacement by cheap gas.
Kenneth Hersh, NGP Energy Capital Management Co. CEO was interviewed on CNBC Friday morning (January 20):
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