I need a comment (verify solution) in 75-150 words from the response given below from the article retrieved from the Money.cnn.com!Article: Natural gas is beating up on clean coal.Now, gas prices are dropping, threatening coal’s dominance in the North American energy market. Natural gas dropped in price last week, trading at under $4 per million British thermal units- the unit used to measure energy output. These projects need to kick into gear fast, if coal is going to compete with gas. Gas is especially threatening to coal because it’s a local fuel- it’s not economical to transport it over vast distances in large pipelines like oil. But natural gas could provide energy relatively close to power plants, just like coal does now. Coal has always been cheap and dirty. Coal still cheaper at $2.25 per million Btu in 2010 according to the U.S. Coal stocks are down. across the board. The largest U.S. coal producer (Peabody Energy Corp), fell 5.2% to $40.96, and the send biggest producer(Arch Coal Inc.) fell 5.9% to $21.08. So if natural gas is accessible, cheap, clean and getting cleaner, should the government keep spending billions on clean coal? I think the government has tried to organized projects to demonstrate that coal plants capturing carbon can compete with traditional.Reference:http://money.cnn.com/2010/08/30/news/companies/clean-coal_vs_natural-gas_BTU-price
The decrease in the prices of natural gas is causing competition to coal in North America. As theprices of natural gas dropped below $ 4 per million units, it causes higher competition for coal….