Natural gas and renewables are expected to outcompete coal, petroleum, and nuclear power for the foreseeable future.
The natural gas boom associated with expanding tight oil (oil from shale) production has left the US with more natural gas than it can use. This has suppressed prices and made US natural gas highly competitive on the global market. While pipeline exports to Canada and Mexico have increased rapidly, they are still quite small, leaving US suppliers wishing for additional accessible markets. The solution? Liquefied natural gas (LNG) exports.
US energy production is forecast to total 98.0 quadrillion British thermal units (But) in 2021, representing 3.1% annual gains from 84.0 quadrillion Btu in 2016. Three segments will drive the majority of these gains.
US natural gas producers are expected to benefit significantly from the emerging liquefied natural gas (LNG) trade. Prior to 2016, only one LNG export facility operated in the US, located in Kenai, Alaska. However, by 2021 six LNG export facilities are projected to be operating in the lower 48 states...
Coal has been declared a dying industry by articles in some publications like Forbes and The New York Times, but how bad has the outlook for US coal really gotten? As it turns out, large declines in US coal production are not expected to continue in the next few years, because the switch from coal to natural gas in electricity generation is largely complete.