Coal production decline in Powder River Basin may be speeding up FacebookTwitterLinkedInEmailPrint分享Casper Star Tribune:Warning bells are ringing across Wyoming’s Powder River Basin that the largest producing coal region of the country is in big trouble.One of the largest players, Cloud Peak Energy, is likely facing bankruptcy. A newcomer to coal country, Blackjewel LLC has struggled to pay its taxes despite increasing production, and the total volume of Wyoming’s black rock that miners are estimated to produce – a number that translates to jobs, state and county revenue — keeps going down.After the coal bust of 2015, when 1,000 Wyoming miners lost work and three coal companies went through bankruptcy, a period of stability settled over the coal sector in Wyoming. The idea that coal would slowly decline, partly buoyed up by the results of carbon research, and just maybe an export avenue to buyers in the Pacific Rim, took hold. Wyoming made its peace with the idea that coal’s best years were likely behind her, but that a more modest future for Wyoming coal, with manageable losses over time, was also likely.That may not be the case.Within 10 years, demand for Powder River Basin coal could fall to 176 million tons, said John Hanou, president of Hanou Energy Consulting and a long-time expert on the Powder River Basin. That figure includes Montana’s production and presumes that coal plants in the U.S. are taken offline as soon as they hit 60 years of age. If Wyoming is lucky and gas prices are high, that count could hold closer to 224 million. Or it could be even worse.Economics could push out existing demand even faster, while wind development going up in the Midwest could eat into Wyoming’s coal market in that region. Natural gas prices, high or low, could alter the rate of change in Wyoming’s coal sector.More: Wyoming coal is likely declining faster than expected
Press Association “For legal reasons I cannot comment on the detail,” Tan said. “But I’m pleased that finally we have a closure on this matter and suffice to say he is dropping all litigation, all claims against us. “I’m pleased with the result and I’m also pleased that he has publicly apologised. I said before, one day some people will apologise to me for what they have done. “Some people made me out like the villain. I’m supposed to be the Bond villain, but actually I’m James Bond.” Tan has now said that should the club bounce back to the top flight, he might be prepared to concede on the club’s colours, having believed a change to red would make the club more marketable overseas, especially in Asia. “I would like to focus on getting back to the Premier League and after we are there I will definitely agree to sit down and find a solution – maybe we can have a compromise,” he told the BBC. “I am not a quitter. I will stay until we get ourselves up and then we will see whether we can work out this colour change and compromise. If we can, maybe I will stay for a long time.” He added: “Let us get back to the Premier League first and after we are there I assure fans, the Supporters’ Trust and all of them, that I will sit down with them and we will find a solution that I hope will be satisfactory for all – for them and for me also. “We would like to work closely with the fans. We will try to engage and meet as often as we can. “Our chairman (Mehmet Dalman) will have constant dialogue and whenever I can I will join them.” Tan has also rejected his image as a ‘villain’ after reaching a settlement over the sacking of Mackay. The Scot and his former head of recruitment Iain Moody both released statements on Friday announcing that they had reached settlements with Cardiff and also issued apologies for any offence they may have caused to Tan. The Malaysian businessman was behind the controversial decision to dispense with tradition and change the Bluebirds’ home kit to red, but appears now to be prepared to at least think about reverting back. Cardiff were relegated last weekend after a turbulent first season in the Premier League, with manager Malky Mackay dismissed in December and his successor Ole Gunnar Solskjaer unable to keep them up. Cardiff owner Vincent Tan says he will consider changing the club’s colours back from red to blue – if they can win promotion back to the Barclays Premier League.