LEXINGTON, Ky. (April 9, 2013) — Coal industry leader Joe Craft will speak on "Kentucky's Future Energy Policy," at the 2013 Mining Engineering Foundation Distinguished Lecture, presented by the University of Kentucky Department of Mining Engineering.
Craft's talk will take place at 6 p.m. Thursday, April 18, at the Hilary J. Boone Center, 500 Rose St. in Lexington. The lecture will be preceded by a reception at 5 p.m., sponsored by Nelson Brothers LLC. The event is free and open to the public.
Coal’s share of the electricity produced in Kentucky remains above 90 percent, while its share within the United States has declined to around 40 percent, the lowest since the late 1970s. Low natural gas prices and increased government regulations have been cited as the main reasons for the sharp drop in U.S. coal use.
However, the current natural gas price is below production costs, and markets for coal from relatively low-cost mining operations remain fairly strong, as indicated by the significant increase in production from the Illinois Basin coal fields. A portion of the production increase is being placed in the international markets, where energy production from coal has been booming and is expected to exceed all other energy sources within the next decade.
Joe Craft has been president, chief executive officer and director of Alliance Resource Partners since 1999. He holds a Bachelor of Science degree in accounting and a law degree from the University of Kentucky. He also is a graduate of the Senior Executive Program of the Alfred P. Sloan School of Management at Massachusetts Institute of Technology.
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