Recent studies have projected a huge buildup in international thermal coal trade, including a major role for U.S. exports (World Coal Study, 1980; International Energy Agency, 1978; Department of Energy, 1979). Given high-priced and insecure oil supplies, opposition to nuclear power, and the high cost of domestic coal supplies in Western Europe and the Far East, there is little doubt that international thermal coal trade will increase substantially. However, the role of the United States is highly uncertain.
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