Breitling Oil and Gas Texas and California Morning Podcast #402

The EPA’s new carbon emissions standards have caused an uproar in the coal industry.

These rules limit the amount of carbon new coal-fired power plants can produce.

In my opinion, this could mean the death of coal.

But the real threat to coal’s dominance isn’t excessive federal regulation. It’s natural gas. And Texas is playing a major role in the national gas renaissance.

With natural gas, the United States has found an expansive homegrown energy source that’s cleaner than coal and increasingly cost-effective.

The modern natural gas boom has given the United States a chance to achieve genuine energy independence and seriously cut down on carbon emissions.

Now that natural gas is abundant, the economic, environmental and political case for coal-based energy has gone up in smoke.

 

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