America Bets $50 Billion On Coal And Gas Power, More Than China, As Electricity Demand Soars

America Bets $50 Billion On Coal And Gas Power, More Than China, As Electricity Demand Soars By Irina Slav of OilPrice.com US companies are set to spend some $50 billion on power generation from coal and natural gas this year, the International Energy Agency has said, as quoted by the Financial Times. This would be the first time in decades that US spending on coal and gas generation would be higher than what China is investing in the two fuels, with the difference at $3 billion...

By Tyler Durden