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Trump pumps coal as answer to AI power needs but boost may be short-lived

Business Standard LogoBusiness Standard2d ago

Trump pumps coal as answer to AI power needs but boost may be short-lived - Business Standard

Quick Summary:

President Donald Trump's promise to go all in on fossil fuels includes praise for coal, a reliable but polluting energy source that's long been in decline.

Yet energy experts say any bump for coal under Trump is likely to be temporary since natural gas is cheaper and there's a durable market for renewable energy no matter who holds the White House.

It's kind of been shown over the last three administrations even the president of the United States can't change markets, the trend for coal," said University of Wyoming economics professor Rob Godby.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-25 @ 10:43:06 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1027 words

Reading Time: 6 minutes read

Sentences: 48 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25418012

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 265 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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