Rather than support coal’s use in this country, President Obama is instituting onerous regulations that will kill the coal industry domestically and cause electricity prices to skyrocket as he proposed in 2008
Coal Is Still Integral to Many Countries and Regions in the World
According to the BP Statistical Review, from 2013 to 2014, world consumption of coal increased by 14.8 million tons of oil equivalent (0.4 percent). Asia and Africa both consumed more coal in 2014 than they did in 2013. The majority of coal (71.5 percent) is consumed in Asia, with China consuming the most—50.6 percent of the world’s coal consumption. While the United States dropped its coal consumption slightly in 2014, it was the world’s second largest consumer of coal, consuming 11.7 percent, followed by India with 9.3 percent. Some European countries (e.g. Belgium, Netherlands, and Spain) had significant increases in coal consumption in 2014 as they substitute coal for high-priced natural gas in Europe.(i]
