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Low Bid in Montana Prompts Feds to Halt Wyoming Coal Sale
Federal officials abruptly postponed a major Wyoming coal lease sale this week — just days after a Montana auction drew a shockingly low bid of less than a penny per ton. The move has rattled the Powder River Basin, once the heart of America’s coal industry, and exposed just how far the market has fallen. Industry leaders blame federal hostility toward coal, but analysts say the real culprit is economics — cheap gas, renewables, and a shrinking demand that no policy can reverse. Dustin Bleizeffer with WyoFile has the full story.
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