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Coal Production Hits 35-Year Low

first_img RELATED ARTICLES Coal companies hope the situation will changeA number of coal producers are taking cover behind bankruptcy laws as their profits sink, including Peabody Energy, the world’s biggest private-sector producer.But coal producers are holding out hope for an economic reversal of fortunes. For example, a spokesman for Cloud Peak Energy, a major producer in the Powder River Basin, said that the winter’s warm temperatures were a fluke and that demand would once again pick up for coal.“Eventually, things are going to turn around,” Rick Curtsinger told the newspaper. “The U.S. and the world will continue to use significant amounts of coal going forward.”Jim Thompson, an analyst, said that the industry was “rapidly shrinking,” but added that coal would continue to be an important industry and there “will continue to be success stories.”Coal executives recognize that they will command much less of the market than they did a decade ago, but they still see opportunities for well-positioned producers to make money. “I see a future, but it’s going to be a greatly reduced industry and you have to be very competitive in that industry or you won’t survive,” Murray Energy CEO Robert Murray told one newspaper in mid-May. In early 2008, The Times notes, coal accounted for roughly half of the electricity generated in the U.S. That’s now fallen to about 30%. At the same time, photovoltaics are on the rise: In the first quarter of the year, the Solar Energy Industries Association reports, 1,665 megawatts of solar capacity were installed in the U.S., more than coal, natural gas, and nuclear combined. Will Taxpayers Get Stuck With Coal’s Cleanup Tab?Sierra Club’s Anti-Coal Campaign Hits a LandmarkCan Solar Power Solve the Coal Problem?Coal is No Boon for U.S. Treasury, Report Says Bankruptcies, a move toward cheap natural gas, and increased pressure from renewable energy all are eating into the production of coal, bringing it to a level not seen in the last 35 years.Coal consumption peaked in 2007, and since then has declined by nearly one-third, The New York Times reported. Total U.S. production in the period from January through March was 173 million short tons, the lowest of any quarter since 1981, and a 17% drop from the previous quarter. That’s the sharpest quarter-to-quarter drop in almost 32 years.The newspaper cited a report from U.S. Energy Information Administration, released last week, which said that the Powder River Basin in Montana and Wyoming showed the greatest drop since the previous quarter.Above-average temperatures last winter, which decreased the demand for electricity, and big inventories of unused coal among electric power plants resulted in lower rail shipments in the first three months of the year.But the EIA report also points to several underlying reasons for a continued drop in coal mining and coal consumption.“Coal production has declined because of increasingly challenging market conditions for coal producers,” the EIA said. “Electricity generation accounts for more than 90% of domestic coal use. In addition to complying with environmental regulations and adapting to slower growth in electricity demand, coal-fired generators also are competing with renewables and with natural gas-fired electricity generation during a time of historically low natural gas prices.”last_img read more

HuffPost Live An Insiders Perspective Video

first_imgJust over a year ago The Huffington Post launched its video arm, HuffPost Live. Since its launch it has filmed 12 hours of video each day and welcomed over 10,000 guests onto its platform from 90 countries around the world.In Part I, Roy Sekoff, president at HuffPost Live, and keynote speaker at Folio:’s MediaNext Conference (Oct. 28-30) in New York, discusses Year-One, the business model and how The Huffington Post unexpectedly tapped into something more with “social video.”Check out Part II on October 8, where Sekoff will advise smaller-scale publishers how to effectively roll out a video strategy of their own and discusses the future of media and online video.last_img read more

Google Fit to retire web support and focus on Wear OS

first_img Now playing: Watch this: Google Fit adds ‘Move Minutes’ and ‘Heart Points’ Android Wear watches, taking a break from exercise. Josh Miller/CNET If you log on to Google Fit’s website today, you’ll be greeted by a yellow banner saying web support for the health tracker is coming to an end. The Google Fit site will shut down on March 19, Google said in its announcement. If you want to keep track of your activities and continue your health goals, Google suggests you install the Fit app on your Android device or Wear OS smartwatch. The app got a makeover last year that added gamification features like Heart Points and Move Minutes to encourage more daily exercise. For example, Move Minutes suggests users take the stairs instead of the elevator. Heart Points let users earn — you guessed it — points for elevating their heart rate. Higher activity intensity earned double points. Google launched its health platform for smartwatches and added web support in 2014. The program was designed to help people set fitness goals, track activity and add exercise into their daily lives.  Mobile Comments 2center_img Tags 2:14 Share your voice Googlelast_img read more

Walmart snags Google and Amazon alum as CTO

first_imgWalmart is pushing further into tech. Nicholas Kamm/AFP/Getty Images Walmart has named former Google, Amazon, Microsoft and IBM exec Suresh Kumar as its chief technology officer, a newly created position. Kumar will use his experience in e-commerce, cloud and machine learning for the role, Walmart said in a blog post Tuesday.First spotted by CNBC, Kumar will report directly to CEO Doug McMillon, who said Kumar “has a unique understanding of the intersection of technology and retail.””The technology of today and tomorrow enables us to serve our customers and associates in ways that weren’t previously possible,” McMillon added.At Google, Kumar served as vice president and general manager of display, video, app ads and analytics. At Microsoft, he was corporate vice president of cloud infrastructure and operations. He spent 15 years at Amazon, including as vice president of technology for retail.Walmart has been pushing more into tech, last week launching a range of Walmart tablets running Android Pie.They come in 8-inch and 10-inch varieties costing $64 and $79. Both run on the Android 9 operating system, have a 1.3GHz quad-core processor, 2GB of RAM and 16GB of ROM storage.Walmart is also selling a 10.1-inch tablet with detachable keyboard for $99.They all have a 2-megapixel rear camera, a 0.3-megapixel front-facing camera, a 2.5D touchscreen, and a resolution of 800×1,280.Walmart, looking to compete more with Amazon, launched one-day shipping this month. Walmart Amazon Google IBM Microsoft Share your voice Mobile Tech Industry Online 0:55 Android Pie Preview • Android Pie works like the iPhone X these two ways Tags How To • Android Pie 9.0: 4 settings you need to change Now playing: Watch this: Post a comment 0 What Amazon’s one-day shipping means for youlast_img read more