Thursday, July 15, 2010

Daily Ranking: Most Improved State for Business

Nabobs will have some gnashing over this I am sure.   From CNBC: New York, North Carolina, Pennsylvania Most Improved In CNBC’s Top States For Business Rankings

In state related biz news...  as much as the buzz is all about Marcellus Shale, in terms of sheer employment and income I bet coal is still an order of magnitude larger within Pennsylvania.  I kind of wonder if coal folks feel left behind these days.  Nonetheless, this news is pretty important:  Heat Wave in U.S. Driving Coal to 18-Month High: Energy Markets.  Think coal isn't being used beyond power generation?  Even in this lingering "Great Recession" there is such demand for coke that you see the results in things like the explosion today at Clairton.

A pretty good report done earlier this year on regional coal trends is: The Decline of Central Appalachian Coal and the Need for Economic Diversification. The 'decline' is for the regional coal outlook in general. In the report you will see that Northern Appalachian (that would be under us for the most part) coal output is actually projected to increase output in coming years.  Coal is even bigger in West Virginia. I can't find it now, but I saw some article on the potential conversion of coal electricity generation to natural gas and what it will mean to our neighbors to the south.  Even bigger for them, some regulatory issues being decided may impact the whole future of coal mining down there.


Blogger Jim Russell said...

Perhaps not the article you are referencing, but link through to the report about conversion to see the potential impact on WV:

Thursday, July 15, 2010 3:44:00 PM  

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