This is a continuation of our discussion of the final versions of the House and Senate Tax Cuts and Jobs Act (sic) bill. Those are now the law of the land, PL 115-97.
Coal is still king? Well, the US certainly has an abundance of coal. And, a slew of power plants around the world are still running on coal. (Admittedly, many of them are in China.)
In America, we haven’t built a new petrochemical refinery in years. which is why when one of them gets shut down (hurricane, accident at the plant, a blocked waterway), fuel costs rise in a heartbeat.