This Is My Science Project I Had Recently Completed. It Is Train Related. I Encourage You To Read.
Coal fires a great portion of the nation’s economy as well as worldwide. People are in a constant demand for coal energy. A large sum of people are demanding for a change in the way we produce energy to eliminate environmental issues.
At the end of 2011, the United States produced approximately 1.1 billion short tons of coal to meet the export demand. Our United States can produce enough coal to power the nation as well as portions of other countries such as Puerto Rico. Export rates are rising by at least 10% every year. The current rate is $41.01 per short ton. That is a great sum of money to be put back into the U.S. economy.
Production mainly comes from the Western Region. More precisely, the Powder River Basin. This region alone produces half of the coal the United States produces annually approximately 587.6 million short tons. Coalmines in this region contribute a great sum of the nations funding, almost 9%. Together the entire coal industry contributes about 11% of the nations funding. If we were to lose this entire asset, the United States would lose about $4,511,100,000 in revenue per year as well as suffering a major unemployment increase from the almost 91,611 people being laid off.
Coal miners have an above average salary. They earn approximately $85,799, multiply that by the amount of workers and you get $7,860,132,189. Why is this important?The U.S. Government will earn about $1,786,529,742 in mandatory income tax.
Other jobs supported by the coal industry such as railroads power about 17.68% of our economy. The two largest transporters of coal are CSX and BNSF with about a total of 56% percent of our nations coal. These railroads also drive export to Mexico as well as shipping to ports. Railroads also donate 11% of the nations budget annually from their total revenue of $2.5 billion.
There are about 138,623 railroad employees with an average salary of about $41,369. In total, the government collects about $9,308.02 per employee for a grand total of $1,290,306,349.57 in all.
The coal industry and all of its assets bring up about 20% of the nations funding annually with a net income of about $7,587,936,091.57, and that excludes the 110’s of billions of dollars that come from export. No matter how you see it, coal is a vital part of the American economy. However, others tend to think not. Major environmental concerns are being addressed such as carbon emissions and acid water runoff from plants. With the money that we earn from the coal industry, we can reinvest to help make it safer and environmentally friendly. With that kind of money, we can update a large majority of existing power plants to meet and go above the standards of the Clean Air Act. Also prevent acid runoff by making use of excess coal.
In conclusion, we need to continue to use coal as it powers not only our homes, but also the global economy. We need to reuse the money made from the coal industry to improve and exceed the standards of environmentalists to make this a safer place to live and do without the worries of toxic emissions.
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