May 3, 2017
There won't be a great coal comeback
Coal mining jobs dropped almost 8% in the first quarter of 2017 compared with the same period last year, according to Labor Department data obtained by Axios.
Reality check: The coal industry in the U.S. is not going to have a big and lasting comeback. Any upward tick will be peripheral and temporary, and mostly driven by market trends like natural gas prices and coal demand in China, not Trump's rhetoric and his efforts to repeal Obama-era environmental rules.
What they're saying: "I have no illusion we'll suddenly go back to the production we were at five years ago," Colin Marshall, CEO of Cloud Peak Energy, one of the biggest coal producers in the U.S., said in a recent interview with Axios.