US Coal Stockpiles Near Historic Lows

• EIA statistics provided exclusively to The Epoch Times indicated that December’s electric power sector coal stocks were still among the lowest since the 1970s, with the exceptions of multiple months earlier in 2021.

• While coal stockpiles have shrunk, Orr pointed out that days of burn, a statistic based on both inventories and historical consumption levels, have remained relatively steady in recent years.
  “That’s showing how many days you can provide electricity with the coal power plants that are in operation now,” he said.

• “U.S. coal inventories remain at near-historic lows, so we expect production to remain high to replenish those inventories,” EIA Acting Administrator Steve Nalley said in a statement.
  Orr thinks this is plausible based on behavior he’s seen among utilities in Minnesota.

• “Energy transitions are not things that you can just go to a conference and declare. They’re long transitions that take decades, if not centuries to accomplish,” Orr said.

[m.theepochtimes.com]