Because coal is expected to provide an increasing part of U.S. energy supply, it is crucial for long term planning that coal-resource appraisals convey sufficient information regarding the degree of economic resource scarcity as coal consumption increases. Argues that coal-resource estimates, as they are now made, will not give warning of future supply difficulties. A method for incorporating an economic dimension into appraisals of strippable coal resources is presented and applied to a major producing region, the Illinois part of the Illinois basin? In particular, a long-run incremental cost function (that is unit costs vs. cumulative reserves extracted) is estimated for strippable coal in Illinois. -from Authors
Additional publication details
Economics and coal resource appraisal: strippable coal in the Illinois Basin ( USA).