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Trends in U.S. recoverable coal supply estimates and future production outlooks

Authors :
Höök, Mikael
Aleklett, Kjell
Höök, Mikael
Aleklett, Kjell
Publication Year :
2009

Abstract

The geological coal resource of the U.S. is abundant and proved coal reserves are listed as the world’s largest. However, the reserves are unevenly distributed and located in a small number of states, giving them major influence over future production. A long history of coal mining provides detailed time series of production and reserve estimates, which can be used to identify historical trends. Compilation of data from United States Geological Survey, Energy Information Administration, U.S. Bureau of Mines and others reveal how the recoverable volumes have been decreased since before the 1950s. The exact cause of this reduction is probably a multitude of factors, including depletion, changes in economic conditions, land-use restrictions, environmental protection and social acceptance. In reviewing the historical evolution of coal reserves, one can state that the trend here does not point towards any major increases in available recoverable reserves; rather the opposite is true due to restrictions and increased focus on environmental impacts from coal extraction. The development of new even stricter regulations and environmental laws is also a reasonable assumption and this will further limit the amount of recoverable coal. Future coal production will not be entirely determined by what is geologically available, but rather by the fraction of that amount that is practically recoverable. Consequently, the historical trend towards reduced recoverable amounts is likely to continue into the future, with even stricter regulations imposed by increased environmental concern. Long-term outlooks can be created in many ways, but ultimately the production must be limited by recoverable volumes since coal is a finite resource. Various models, such as the logistic, Hubbert or Gompertz curves, can be used to provide reasonable long-term outlooks for future production. However, such long-term life-cycle projections should not be used as a substitute for meticulous economic studies<br />Proceeding avaliable on CD-ROM only.

Details

Database :
OAIster
Notes :
application/pdf, English
Publication Type :
Electronic Resource
Accession number :
edsoai.on1234519740
Document Type :
Electronic Resource