Coal Demand is way up

[dan_s]

The Climate Change Gang will love this.

Per EIA:
Coal stockpiles declined by 16 million tons in February 2021, the largest inventory decline since July 2011.
- Typically, coal stocks decline in the summer months, when coal demand surges.
- Rising natural gas prices in late 2020 and early 2021 have also increased coal demand, with coal generation up 16% in December 2020 and January 2021, from a year earlier.

With natural gas firmly over $3.00 and likely to go over $3.50 in Q4, there will be more utilities firing up coal power plants. Several areas, including Texas, are seeing record demand for electricity which is putting a lot of pressure on the electricity infrastructure. If you own a Tesla you might consider a gasoline generator so you can recharge it when your power is cut off. How ironic!