Wyoming’s once-vital mineral economy is convulsing, as demand for coal wanes and operators consolidate and go bankrupt — leaving counties owed tens of millions of dollars and hundreds out of work. So it goes for Western states riding the boom-and-bust cycles of mineral dependence.
Wyoming lags behind other Western states in terms of personal income growth, higher education attainment, and employment in high-value sectors like manufacturing.
To a large extent, those lagging economic indicators can be traced to fossil fuel reliance. A recent Headwaters Economics report states the problem: “Wyoming’s decision to be dependent on energy commodity taxes has caused an economic and political ‘mineral tax trap’ wherein a political culture and commitment has developed around protecting the self-interest of low taxes and the status quo.” That commitment to coal was in full force this March, when Wyoming passed a law making it harder for utilities to decommission unprofitable coal-fired power plants.