Cheap natural gas threatens industry, despite Trump's promises.
Murray Energy's bankruptcy filing on Tuesday underscored the continuing decline of the country's coal industry. The nation's largest privately owned coal producer became the eighth producer to file for bankruptcy since Donald Trump took office, emphasizing the contrast between the president's rhetoric about restoring jobs and his actual ability to revitalize the industry. A half-century ago, coal supplied almost half the country's electricity, but it provided only 27.5 percent last year, according to the US Energy Information Administration (EIA). The agency...
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