Russia’s Coal Collapse Marks The End Of Fossil Fuel Post-War Illusion
www.forbes.com
Russia’s Coal Collapse signals the end of the fossil era. From bankrupt mines to battery booms, the global energy transition is accelerating but facing political resistance.
  • HaraldvonBlauzahn@feddit.orgOPEnglish
    3·
    2 months ago

    The article is specifically about Russia’s coal industry […]

    No, it is not only about Russian coal. If you read on, a few paragraphs later you find:

    A Parallel Story: U.S. Coal Auctions Without Buyers

    Russia’s implosion is mirrored — though for different reasons — in the United States, where the fossil sector is facing structural decline not from sanctions, but from market irrelevance.

    In October 2025, a federal coal lease auction in Montana attracted just one bid: $186,000 for 167 million tons of coal — roughly $0.001 per ton, a 99.9 percent collapse in value versus a similar 2012 sale at $1.10 per ton. The Department of the Interior then postponed additional auctions in Wyoming and Utah, citing “market conditions.” Analysts read the signal plainly: the market has priced coal out of future portfolios.