The CEO of Cloud Peak Energy, the U.S.'s third largest coal company, says he's hoping to do a record amount of coal exports this year. "There is already a revival in exports compared to this time last year, but that wasn't due to Trump," CEO Colin Marshall told Axios earlier this week in an interview.

Why now: Coal exports are poised to go up due to greater international demand from countries like China and South Korea, Marshall says.

Expand chart
Data: Cloud Peak; Chart: Andrew Witherspoon / Axios

Reality check: Despite Marshall's prediction that coal exports will rise this year, a sustained expansion of such exports is unlikely because most proposals for new coastal terminals to export the product, especially in the Northwest, have failed to come online due to local opposition and financial woes of companies involved.

Our prediction: No matter the political party, politicians often take credit for things that happen on their watch, even if they had nothing directly to do with it. Trump is likely to do that here, given his campaign promise to revive the coal industry.

Go deeper

Ina Fried, author of Login
7 mins ago - Technology

Amazon wants to flood America with Alexa cameras and microphones

Photo: Amazon

In a Thursday event unveiling a slew of new home devices ahead of the holidays, Amazon made clearer than ever its determination to flood America with cameras, microphones and the voice of Alexa, its AI assistant.

The big picture: Updating popular products and expanding its range to car alarms and in-home drones, Amazon extended its lead in smart home devices and moved into new areas including cloud gaming and car security. The new offerings will also fuel criticism that the tech giant is helping equip a society built around surveillance.

Ben Geman, author of Generate
1 hour ago - Energy & Environment

Oil's turbulent long-term future

Illustration: Aïda Amer/Axios

The oil sector is facing risks from all sides.

Why it matters: Risk in the industry is nothing new. But these are especially turbulent and uncertain times. The industry's market clout has waned, the future of demand is kind of a mystery, and future U.S. policy is too, just to name three.

Meadows on Wray's voter fraud dismissal: "He has a hard time finding emails in his own FBI"

White House chief of staff Mark Meadows dismissed FBI Director Chris Wray's testimony that the U.S. has never historically seen evidence of widespread voter fraud, including by mail, during an appearance on "CBS This Morning" on Friday.

Why it matters: Meadows' statement highlights the Trump administration's strategy to sow doubt in November's election results by challenging the legitimacy of mail-in ballots, which are expected to skew heavily in Democrats' favor.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!