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Monday, July 8, 2013

economics lesson.... block coal usage in one market and the valuable energy resource just moves to another market

Even as U.S. coal exports surge to record highs,[1] the Bureau of Land Management (BLM) is being taken to task for (among other items) failing to take account of the burgeoning export market when calculating the fair market value (FMV) of federally owned coal.
The Inspector General of the Department of the Interior recently issued an evaluation of the Department's coal mining activities on federal land that are overseen by BLM (the "Report").[2] Among the objectives of the Report, the Inspector General investigated whether Interior's coal leasing process obtains a fair return for the public's coal.