The US coal industry is going out, not with a whimper, but with a burst of rent-seeking

https://www.vox.com/energy-and-environment/2017/8/25/16201218/us-coal-industry-handouts
"The US coal industry is dying — but not with any dignity. As the end approaches, its sense of aggrieved entitlement is increasingly naked, its demands for government handouts increasingly frantic. As dread builds, shame has left the building. The story of coal’s decline has been told many times now (see this post for more), but at root, it’s not complicated: The industry’s product is outmoded. Natural gas and wind power are cheaper than coal power in most places, and solar power is heading the same direction. What’s more, wind and solar (variable renewable energy, or VRE) and natural gas complement each other. VRE is completely clean but variable. Natural gas is moderately clean but flexible. Variable and flexible work well together; they are the basis for the modern grid. (Whether we can find equally flexible but entirely clean alternatives to natural gas in the coming decades is the most pressing issue facing the grid.) Giant, slow, inflexible, dirty coal plants simply don’t fit in that picture. Coal still represents 30 percent of the US electricity mix, but as natural gas and renewables grow and the grid evolves toward a flexible, distributed model, its role will inevitably shrink. There’s no big conspiracy, no “war on coal,” just the creative destruction of capitalism at work, as technological advances and evolving social preferences transform industries. Without creative destruction, capitalism doesn’t work — productivity and wages don’t grow. But there is no creative destruction without pain for the workers and communities on the losing end. That’s why capitalist societies need a foundation of public services (upon Matt Bruenig’s sage advice, I’m no longer using the term “safety net”). It cushions the turbulence of creative destruction. Many members of the US business community, particularly those of a more conservative bent, like to talk about the virtues of meritocratic free markets. So do their allies in elected office."