Tuesday, August 2, 2011

OHIO COAL IMPORTS

Ohio imports about 45 % of its coal (I've seen higher numbers, but this is a back-of-the envelope calculation) or about 24*10^6 tons per year (National Mining Assn.). At $40/Ton (EIA – Coal Prices and Outlook), we spend about one billion dollars annually on this coal. Since power plants are very inefficient, about 2/3 of this coal winds up as heat and as pollution spewing up the chimney. In other words, we waste over 600 million dollars per year on this imported damage to our pocketbooks and lungs.