Business: King Coal: Ready to Reign Again

An M.I. T. study sees it picking up the slack as oil runs out

Ever since he presented his national energy plan in April 1977, Jimmy Carter has been arguing that coal is the fuel of the future for the U.S. The Saudi Arabia of coal, America sits atop 25% of the world's known reserves of the black rock. The President's 1977 plan called for a 75% jump in production by 1985 to 1.2 billion tons annually. Yet as of last year output had climbed to only 770 million tons, and the National Coal Association estimates that the industry will produce...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!