Joshua (Josh) Wolcott is a former program manager at World Vision, where he helped develop a banking program that financed more than 1,000 small businesses. Now the director of operations for Cimmaron Resources, Inc., in Denver, Colorado, Joshua Neale Wolcott is in charge of developing energy projects in the Rocky Mountains and Oklahoma, including the Powder River Basin in Wyoming.
Due to a number of factors, such as slowed economic growth in China (the world’s biggest coal user) and a larger focus on natural gas throughout the world, coal prices have plummeted. However, coal is still the source for more than 40 percent of the electricity generated in the United States, and small companies operating in the Powder River Basin could allow coal to rebound. In fact, the price of Powder River Basin coal recently reached its highest point in two years, topping out at $13 per ton. In addition, coal output in Wyoming increased to 100,706 tons through April of 2014, an increase of 0.5 percent from the previous year. These hopeful figures are largely the result of the Powder River Basin’s lower operating costs.