US coal versus natural gas competition 2019 - 2022

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Natural gas prices will fall in the next five years and renewable generation will continue to grow. Where will domestic thermal coal supply and demand go? Likely downward. Direct competition will be intense, with coal-to-gas switching volumes changing with every penny change in the price of natural gas or increase in renewable generation. In this insight, we forecast how various scenarios surrounding both natural gas price and renewable generation growth will affect North American coal markets.

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