Fossil fuels are reaching their consumption peak. By way of example, the United States has a surfeit of coal, but coal use is on the decline as natural gas and renewable resources replace the dirty fuel for generating electricity. Similarly, oil and natural gas are on the same decreasing consumption trajectory as recent data and modeling suggest.
Consider the following market facts that directly impact coal and reveal its consumption peak:
Those projections indicate that by the mid-2020s, solar and wind will constitute 6 percent of all energy produced in the United States and will account for 14 percent of the country's electricity consumption, far surpassing the magic 3 percent penetration level.
Such market trends should …