Past, Present And Future Of The Coal Industry

Good morning ladies and gentlemen - today I am in an enviable position for two basic reasons - No. 1, since I am first on the program, the audience should start out awake because those that partied too much last night are still asleep, but in their room, not here. No. 2, since copper, iron, and mining technology are not competitive, the veracity of my statements will not be questioned. Most such meetings I attend are based on the subject of energy and the coal industry does have competition from oil, gas, hydro, and nuclear. However, to counteract this advantage I am the usual engineer with a limited vocabulary by schooling, and the remaining vocabulary almost completely eliminated due to the presence of ladies. In relation to the past of the coal industry, we have not only suffered the competition of other energy sources mentioned before, but in addition have in the last 25 to 30 years been required to meet the demands of a vastly changing market. To explain this statement, I am sure many of you can remember 30 to 40 years back when most homes were heated by coal furnaces or stoves and shudder to recall the shoveling of coal into the fire and the carrying out of ashes with the attendent manual labor dust. Now this space heating portion of our sales has almost become non-existant due to an almost universal switch from coal to natural gas, oil, and electric heating. Actual figures show a decrease from 119 million to less than 28 million tons per year in less than a twenty year span. Also, most of you can remember the coal burning steam locomotives and the tremendous volume of coal they consumed and then the very rapid change to the diesel-electric locomotives, incorporating improved large diesel engines driving D C generators and electric drive motors, which resulted in cheaper motive power. This change over was so complete that the annual tonnage of coal dropped from 125 million to less than 2 million tons in 15 years. 'Actually, now it requires some considerable interrogation and traveling to find a locomotive still operating on steam.