What most plants do is use whatever is cheaper. When gas goes up, they switch to coal. When gas prices go down, they switch to gas.
Remember too the reason gas prices are low: fracking. That's right, the same fracking leftists are against.
Converting a coal plant to natural gas runs about 150 million dollars. Nobody is going to pay to switch back even if coal were to drop in price. But it won't. All the easy to get coal is gone.
And think of this, natural gas is beating coal in an Obama EPA, even with restrictions being placed on fracking. The Trump administration plans to lift some of the restrictions on fracking giving natural gas even more of a competitive advantage.
So here is a prediction I can be pretty confident in. Trump will destroy more jobs within the coal industry than Obama. Coal will produce a lower percentage of our power after Trump leaves office.
And here is a bet. I bet for every coal job lost during the Obama administration we can find TWO JOBS within the energy sector, be it a solar panel installer or a mechanical engineer working on boiler design.
That's a pipe dream if I ever heard one. We have enough coal in this country to supply the world for the next century if we wanted. Fracking and domestic oil are great, but remember that DumBama reduced the amount of federal land for oil permits and exploration. Our new fuel comes from private land. When the prices get too low, the land owners put a halt to drilling until the prices increase again.
I didn't say power plants convert from gas to coal, what I said is that they can produce electricity from either. At least here, they were setup for both.
Sure, we have tons of coal. And yep, we have millions of barrels of oil reserves. But at what cost? Because that is the problem. The fossil fuel industry is fighting a losing battle and it is not with the EPA and regulations.
We have already gotten all the easy coal. We have already gotten all the easy oil. It will take increasingly more dollars to get those resources out of the ground. The cost curve is increasing But renewable energy is on the opposite end of the cost curve. Each additional output generated comes at a lower cost, not a higher one. It is a battle against MATH, the fossil fuel industry is destined to lose.
But that brings us to the EPA. That brings us to a decline in enforcement and a rolling back of standards. See, there is not only a cost of getting those fossil fuels out of the ground, there is a cost of burning them. There is a cost to spewing out emissions, and the dirtier the more expensive. If the fossil fuel industry can "externalize" those costs, that is, make you and me pay for it so they don't have to, they can perhaps postpone their inevitable defeat by the cost curve.
You will never find a replacement for fossil fuel that is just as cost effective and powerful in our lifetime. With the wrong leaders, they may be able to force us from fossil fuels, but not optionally.
In some places in the country we have already found replacements. Solar is huge here. But natural gas is absolutely kicking coal's ass. The only way coal can remain competitive is for it to become more efficient, not by externalizing costs. And it can be more efficient. The industry is moving in the direction of "clean coal", they are not even asking for the EPA to be dismantled or weakened further. They were fully prepared and ready to implement Obama's new standards on CO2. I have an inside source that is about as inside the industry as you can get.
This is about waste disposal. Keystone, coal-ash, even biological waste. It is getting increasingly hard to LEGALLY dispose of a massive amount of industrial waste within our society. Gut the EPA, cut enforcement by half, AGAIN, and it will be easier to dump those waste via illegal avenues. It really is that industrial pond over the hill.
One summer when my boys were young they begged and begged to go fishing at that pond. I hate ponds. Ponds are dangerous, even when they are clean. I finally relented but told them they better not get in that pond. The next evening I came home from work to find them cleaning some fish and grilling others over a campfire in the backyard.
I told them, "Guys, you weren't planning on eating those fish were you?" When they admitted they were I told them about all the nasty chemicals the foam manufacturing plant used, how the EPA had to come check the pond, how it had been a long time since I got a report, and how it was a "holding pond" because the water was not yet safe to release into the water table. I was still explaining what all those nasty chemicals could do when all three of them dropped what they were doing and tore out for the house. When I yelled, where you going they all responded still running away, "we got to take a shower".