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This is the 21st century. Why are we burning little black rocks to charge our laptops and cell phones?

Simply because following years of mine shutdowns and declining prices, the coal business is making a prosperous return.

In the early 1900s, coal was the nation's key fuel source, supplying nearly 90 % of its energy demands, according to the Division of Power.

When the cleaner, a lot more effective petroleum and all-natural gas came into play, the demand for coal declined. These days, almost 55 % of the nation's electrical energy is generated utilizing coal, and the numbers are expanding, according to the Planet Coal Institute.

Even although perceptions of the coal market have changed significantly more than the years, coal maintains its essential function in the world's power mix for a lot of motives. It is easy and protected to transport, it remains far less costly than organic gas, and it is abundantly offered.

But it wasn't until organic gas prices shot up and California was held back by blackouts that the coal sector took center stage. For decades, it seemed to be dying. But with easing of pollution controls, the Bush Administration began to establish the groundwork for a resurgence of coal-fired power across the nation.

In 1999, natural gas was the most costly fossil fuel, petroleum was second and coal was the least expensive, according to the Department of Energy. Even though the cost of generating electrical energy from coal has improved by way of the years, it is nevertheless decrease than the expense of producing electrical energy from either organic gas or petroleum.

As for cleaner air, coal has long been unpopular with environmentalists who argue the fossil fuel produces the greatest quantity of mercury and carbon dioxide emission, linked with global warming. Present power bills, nonetheless, propose clean coal power initiatives, which would implement higher-tech approaches to minimize pollution when electricity is generated from coal.

Right now, mines that had been closed in the 1990s right after a downturn in coal costs are being reopened in Southeastern United States. Quest Minerals and Mining (OTC BB: QMMG.OB) is acquiring and reopening properties that create coal in compliance with Clean Air Act needs. According to Quest, coal emitting much less than 1.2 pounds of sulfur dioxide per million BTU, generally referred to as "low-sulfur coal" is currently trading at much more than $50 per ton. energy