Natural gas prices bouncing back above $3.50 mean a sharp decline in natural gas fired generation next year, according to EIA. www.eia.gov/forecasts/steo/pdf/steo_full.pdf. The portion of America's electricity coming from natural gas is forecasted to decline from 30.6% to 27.2% or by more than 10% in 2013.
Natural gas will lose 3.4 percentage points but coal will gain 2.9 points of market share, rising from 37.2% to 40.1%. The fierce competition between coal and gas continues. And as coal displaces gas next year, America's carbon emissions will rise.
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