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The United States' Role in the International Thermal Coal Market

Recent studies have projected a huge buildup in international thermal coal trade, including a major role for U.S. exports (World Coal Study, 1980; International Energy Agency, 1978; Department of Energy, 1979). Given high-priced and insecure oil supplies, opposition to nuclear power, and the high cost of domestic coal supplies in Western Europe and the Far East, there is little doubt that international thermal coal trade will increase substantially. However, the role of the United States is highly uncertain.

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Energy Specializations: Coal – Markets and Prices; Coal – Policy and Regulation

JEL Codes: Q35: Hydrocarbon Resources, Q31: Nonrenewable Resources and Conservation: Demand and Supply; Prices, L71: Mining, Extraction, and Refining: Hydrocarbon Fuels, Q41: Energy: Demand and Supply; Prices, Q42: Alternative Energy Sources, Q21: Renewable Resources and Conservation: Demand and Supply; Prices

Keywords: Thermal coal market, US coal exports, Coal trade

DOI: 10.5547/ISSN0195-6574-EJ-Vol4-No1-5

Published in Volume 4, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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