On Thursday, April 18, the University of Kentucky Mining Engineering Foundation will present its annual Distinguished Lecture at the Hilary J. Boone Center. This year’s speaker is Joe Craft, who will speak on the topic, “Kentucky’s Future Energy Policy.” A reception will be held at 5:00 p.m., followed by the lecture at 6:00 p.m.
Coal’s share of the electricity produced in Kentucky remains above 90% while its share within the U.S. has declined to around 40% which is the lowest level since the late 1970’s. Low natural gas prices and increased government regulations are the main reasons for the historically sharp drop in U.S. coal use. However, the current natural gas price is below production costs and markets for coal from relatively low cost mining operations remain fairly strong as indicated by the significant increase in production from the Illinois Basin coal fields. A portion of the production increase is being placed in the international markets where the percentage of the energy production from coal has been booming and is expected to exceed all other energy sources within the next decade. In the long term, coal should remain the main source of low cost energy within Kentucky, the U.S. and worldwide.
Joe Craft has been President, Chief Executive Officer and Director of Alliance Resource Partners since 1999. Previously Mr. Craft served as Senior Vice President and President of MAPCO Coal Inc. since 1986. During that period, he also was Senior Vice President of MAPCO Inc. and had previously been that company’s General Counsel and Chief Financial Officer. Mr. Craft holds a Bachelor of Science in Accounting and a Juris Doctorate from the University of Kentucky. He also is a graduate of the Senior Executive Program of the Alfred P. Sloan School of Management at Massachusetts Institute of Technology.
The lecture is free and open to the public and parking will be available in the Boone Center visitor lot. For more information, contact Megan Doyle in the Department of Mining Engineering at (859) 257-8026 or firstname.lastname@example.org.