U.S. Coal Exec Sees Demise of Uinta Basin Production

first_img FacebookTwitterLinkedInEmailPrint分享Christopher Coats for SNL:In early 2015, Murray Energy Corp. founder, CEO and President Robert Murray told a Miami audience that the Uinta Basin of Colorado and Utah had been “virtually destroyed” and that the “worst is yet to come” Murray now updates his assessment of the region, warning of a more rapid decline, potentially driving westbound Uinta coal production to zero by 2030.“If anything, it’s going down at a more accelerated rate than I even imagined,” Murray said, adding that he had predicted the downturn years ago.Murray operates two mines in the Uinta Basin, Lila Canyon and West Ridge, both in Utah. West Ridge reported no coal production in the first quarter 2016.“Uinta Basin coal going west and power from coal in Utah going west is going to be totally eliminated in time so that’s why I said five years ago that the Uinta Basin would be destroyed,” Murray said, adding that Colorado wasn’t doing much better. “I see a rapid decline in the Uinta Basin,” he added.According to data compiled by S&P Global Market Intelligence, Uinta Basin production tumbled by over 26% since 2010, with jobs dropping by over a third during the same period. Last year, production in Colorado alone fell to a 23-year low.Full article ($): Murray Energy CEO sees end of westbound Uinta coal by 2030 U.S. Coal Exec Sees Demise of Uinta Basin Productionlast_img

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