Role Of The Office Of Coal Research

The American Institute of Mining, Metallurgical, and Petroleum Engineers
Wayne A. McCurdy
Organization:
The American Institute of Mining, Metallurgical, and Petroleum Engineers
Pages:
2
File Size:
170 KB
Publication Date:
Jan 9, 1962

Abstract

Seldom in history has any industry undergone such radical and rapid change as that experienced by coal. Since 1947, when bituminous coal production reached an all-time high of 631 million tons, the industry has faced market problems not believed possible prior to the build-up of the great market demand occasioned by the wartime emergency and post-war recovery period. Subsequently, it suffered practically complete loss of the formerly huge railroad fuel market to dieselization; natural gas expansion ate into many markets; and oil took a heavy toll. Although anthracite, on the other hand, did not have a record year in 1947, it did attain a production figure of 57 million tons. Competitive forces since then have hit this fuel harder than bituminous coal. As we are aware, most prognosticators have pointed to a glowing long-range future for coal, with some forecasters estimating coal production by 1975 to be as high as 800 million tons. The largest increase in the use of coal in future years is expected to come from expansion of the industry's two largest growth markets-steel and the electric utilities. Optimists would have us believe that coal need merely bide its time to be carried to prosperity by the increased demands of these two basic customers. But the coal industry knows from bitter experience that even "assured" markets-as the railroads and domestic consumers once were-can be lost through lack of progress and lack of research. And coal's projected growth markets are not “assured.”
Citation

APA: Wayne A. McCurdy  (1962)  Role Of The Office Of Coal Research

MLA: Wayne A. McCurdy Role Of The Office Of Coal Research. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1962.

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