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Coal exports surge as producers seek new markets
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Overseas importers help increase sales
- Duration 1:50
- Date Apr 24, 2012
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Overseas importers help increase sales
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Back here on earth now America's coal business booming these days overseas that is -- -- live in Seattle on this why the surge in coal exports stand.
-- -- -- Feel like two things less -- being used in the US and a big increase in the demand in Asia and in India last year coal exports totaled -- 107 million tons.
The most since 1991 and more than double what -- -- just five years ago.
Biggest customer China but -- -- are also way up to Japan.
In the wake of the tsunami and nuclear disaster the US has the world's largest coal reserves.
We -- in the position of selling something made in America.
Keeping the jobs here keeping the revenue here.
And the coal industry employs a 135000.
People directly and a lot more of coal export terminals are allowed to expand -- this is not without controversy is you know some say the exports are dirty exports -- -- you -- on that damn well.
Well that's -- environmentalists are really funny in the expansion plans at six.
Ports in the Pacific northwest arguing that coal burn anywhere as a threat to the whole planet the biggest battle -- in Bellingham Washington near the Canadian border.
Where there is a plan to ship 48 million tons of coal a year.
Green groups are trying to block the expansion arguing -- -- will hurt humans and fish.
A locals don't want all the extra train traffic all the coal come from Wyoming and Montana by rail but mainly they worry about China's appetite for coal.
We're not just encouraging them to -- -- now we're encouraging them to walk in coal consumption thirty or forty or fifty years when they build new coal fired power plants.
And the export boom comes as both Washington and or -- are facing all their only coal plants around the interest and stuff Dan Springer thanks live in Seattle.