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Show 10 Energy Edition, January, 1994 America's coal production increases dramatically Coal production in the United States has increased dramatically in recent years to the point where it has become the largest single source of energy production. Measured in British Thermal Units (Btu), coal d accounts for about of total U.S. energy production today, compared with one-thir- less than one-quart- er of tot- al energy production 20 years ago. There were an estimated 2,900 active coal mines in the nation during 1992. In general, recent years have seen a trend toward fewer, but larger mining operations. The total number of mines is split about evenly between the two major production techniques surface and underground or deep mining. United States coal production totaled one billion tons in 1992 for the second time in three years. The slight drop in 1991 production was due to a slowdown in economic activity caused by recessionary pressures that plagued the nation. In general, economic forecasters believe the demand for electric power will stead- increase over the next two decades, resulting in a ily corresponding rise in coal production and consumption. Of the one billion tons of coal mined in 1992, 46 percent was produced in Appalachia, 20 percent in the interior and 34 percent in the west. In general, an increasing percentage of total coal production has come from western mining operations over the past two decades. A total of 27 states produced coal in 1992, with the largest production occurring in Wyoming (190 million tons) and the smallest in Arkansas (37,000 tons). Aside from the energy it provides, coal production is a vital contributor to the United States economic progress as a source of both direct and indirect impacts. According to a 1990 Pennsylvania State University study commissioned by the National Coal Association, the direct and indirect impacts include: $21 billion in direct impacts to the nations economy annually. $8 1 billion of total activi ty generated annually in the United States economy. Seven jobs created throughout the nations d nomy for each eco- coal-relate- job. For every $1 billion of there coal production, is created an ultimate demand in the economy for almost $25 billion of electricity, $10 billion of transportation and $27 billion of various business services. Each dollar generated by coal production has a positive multiplier effect throughout the United States economy. The Pennsylvania State University study noted that coal production increased output, income and employment in every other segment of the nations economy, including service industries stimulated by coal industry income payments. Coal also exerts a positive influence on the nations balance of payments deficit. Coal exports valued at nearly $5 billion annually are loaded aboard ships. Spraying reduces the dust created during the highly productive longwall mining process. PRICE MUNICIPAL CORPORATION CITY COUNCIL LOU COLOSIMO Mayor NICK SAMPINOS JAMES L. JENSEN LAMOND WILLIAMS City Attorney THERESSA FRANDSEN L. JANET OLIVETO VERNON W. JONES Administrative Assistant ROY A. NIKAS JOANNE LESSAR City Recorder INDUSTRIAL TECHNOLOGIES CORPORATION PAT LARSEN Finance Director KATHRYN M. BURNHAM Full Line Distribution City Treasurer MECHANICAL "Energy Capital of Utah Price City serves as a vital link in the transportation and communication system of Southeastern Utah. The same geology that created our rich mineral deposits also created the scenic landscapes that abound in our area, and are greatly sought after by many who are interested in various recreational pursuits. In order to provide a social, cultural, business, and recreation center. Price will continue to be an active participant in the economic future of Southeast Utah. Our city consists of a broad spectrum of people who, while diverse in background, origin, and beliefs, have a strong common feeling of community pride and spirit. Upon completion of its first 100 years, Price City looks forward to the challenges of remaining the "energy capital of the Utah". Price will continue to provide the nucleus to maintain a strong viable community core. J f --- - ( -- ELECTRICAL AND GEARING Gears and Gearboxes, Motors AC and DC, Controls, Variable Speed Drives, Gearmotors, Mechanical Variable Speed Drives. MATERIALS HANDLING Belting and Lacing, Conveyors and Components, Pulleys and Pulley Lagging, Elevators, Screw Conveyors, Vibrators HOSE AND FLUID POWER Industrial Hose and Fittings, Hydraulic Hose and Fittings, Metal Hose and Fittings MOTION CONTROL Clutches and Brakes, Linear Motion, T ension Control, Photo Cells (-t Lou Colosimo, Mayor Price City Bearings, Belts and Sheaves, Roller Chain and Sprockets, Couplings, Seals, Universal Joints, Tensioners, Adhesives, Lubricants and Sealants 60 South 700 East, Unit 2 Price, Utah 84501 2 Fax (801) 9 (801) 637-412- 637-704- |