Peak coal black coal resources could last more than 200 years based on rate of extraction in 2007. This does not account for brown coal stocks. According to calculations conducted for the Hunter Community Environment Centre in Newcastle, the Australian state of New South Wales 10,600 million tonnes of coal reserves would be exhausted by 2042, based on current industry growth and extraction rates of about 3.2 per cent a year. Coal output peaked in 1913 in Britain at 287 Mt and now accounts for less than one percent of world coal extraction. 2007 extraction was around 15 Mt. According to the
Cannel coal the Drake Oil Well in 1859, made petroleum a cheaper raw material for making kerosene and drove the American oil shale industry out of business. Cannel coal is brown to black oil shale. It comes from resins, spores, waxes, and cutinaceous and corky materials of terrestrial vascular plants, in part from Lycopsid (scale tree). Cannel coal was accumulated in ponds and shallow lakes in peat-forming swamps and bogs of the Carboniferous age under oxygen-deficient conditions. Thus cannel coal seams are shallow and often found above other deposits, while the coal itself, being rich in oils, burns long, with a bright