The nation's largest privately held coal company is expected to lay off 1,http://www.lluviacaballo.com/Melomano.asp?buffalo-bills-jersey-c-160_161.html,800 workers Friday as waning demand and cheap natural gas prices pummel the U.S. coal industry. The planned cuts would slash about 21 percent of Murray Energy Corp.’s workforce and will mainly affect mines in West Virginia and Ohio,http://www.streetsmartnv.com/fantversion.php?Tennessee_Titans_Jerseys, a person familiar with the matter the Wall Street Journal.
The layoffs come as the nation's coal sector struggles with weakening demand at home and declining exports to China. At the same time,http://www.fessegovia.com/teinteresa.asp?nba-portland-trail-blazers-c-1215_1248.html, competition from natural gas and stringent environmental rules are pushing coal prices down,http://www.mydoctorfit.com/wp-rdf.php?St_Louis_Rams_Jerseys, making it harder for companies to earn a return on the coal they sell.
Coal prices have dropped over 15 percent in the past 12 months to below those of natural gas,http://www.piedracultivada.com/repertorio.asp?NBA-Snapback-Hats_c10437_p1.html, which in recent years has become increasingly abundant and inexpensive thanks to a boom in hydraulic fracturing,http://www.drinseguridad.com/repertorio.asp?catalog/product/Infant_New_York_Jets_Geno_Smith_Nike_Green_Team_Color_Game_Jersey, or fracking. Coal-fired power plants will account for just 36 percent of total U.S. electricity generation in 2015,http://www.streetsmartnv.com/wp-theme.php?Jerseys_a1917_b12.html, down from 49 percent in 2007,http://www.segoviaformacion.com/promociones.asp?Youth-MLB-Los-Angeles-Angels-Blank-White-Cool-Base-Baseball-Jersey_e181067.html, the U.S. Energy Information Administration .相关的主题文章：


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