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Don’t expect government to come to our rescue

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By The Staff

The Lynches River Electric Co-operative has announced an increase of its retail cost of electricity due to China’s demand for U.S. coal and a resulting price increase of U.S. coal.

The price of coal has fallen from $150 per short ton to $111.50 per short ton since January 2008. This is about a 26 percent decrease in cost.

Research of federal statistics shows that China exports one third more of its coal reserves as does the United States.

Why then would China desire more imports of foreign coal?


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The Lancaster News | circulation@thelancasternews.com | 803-283-1133
PO Box 640; 701 North White St, Lancaster SC 29720
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