Outlook for Coal Dims as California City Prohibits Exports

SUGAR LAND--January 23, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--It wasn't that long ago that coal interests predicted rising U.S. coal exports would offset falling domestic consumption, making the industry more or less whole. That was briefly true in 2018, as exports rose sharply, but production and exports fell in 2019, and further declines for both are expected for 2020 and 2021, according to this month's Short-Term Energy Outlook (STEO) from the U.S. Energy Information Administration (EIA) (Washington, D.C.). Companies featured: ABB (NYSE:ABB)