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Stock impact report

Despite Trump support, coal consumption at a 41-year low [MSN Money]

Arch Resources, Inc. Class A (ARCH) 
Last arch resources, inc. class a earnings: 4/23 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.archcoal.com
Company Research Source: MSN Money
Despite Trump support, coal consumption at a 41-year low © Wolfgang Rattay / Reuters Pridt Donald Trump lik to tout coal, calling it "indtructible" and proclaiming Load Error That's according to the latt data from the U.S. Departmt of Energy, which on Monday said Most of that coal is used to produce electric power. Dpite the decline in both production and demand, the Trump administration is invting in the coal industry, with the Energy Departmt on Monday pledging $9 million for rearch into improving the efficicy of coal plants. "The Trump administration remains committed to suring a coal-fueled power plant fleet that provid stable ergy to the power grid," said Assistant Secretary for Fossil Energy Stev Winberg in a statemt. Bloomberg's coal pledge Dpite the Trump administration's efforts, coal consumption and production were higher during the Obama administration. The reason: Competing ergy sourc, pecially natural gas, are now taking market share Slumping demand for coal hasn't be los Show less Read more
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