Closing Coal Power Plants, Replacing With Natural Gas, Makes Economic Sense

Courtesy of Forbes. By James Taylor

America owes much of its economic prosperity in the era of electricity to inexpensive coal power. Without affordable coal power, American living standards would have been much lower during the past century than has been the case. Nevertheless, recent technological advances have made the recovery of America’s huge natural gas reserves efficient and inexpensive. As a result, it makes economic sense to replace many of America’s existing coal power plants with new natural gas plants that can produce electricity at lower cost.

Coal power has long been vilified – often unfairly – by the environmental left. Such vilification can lead conservatives to respond with knee-jerk support for coal. Supporting coal against exaggerated environmental claims does not, however, mean that conservatives and affordable energy advocates …

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