Oh absolutely. It was the fuel behind the industrial revolution. And it made quite a few people very very rich. Then when other cheaper and easier options came along those people took their money and ran leaving the mining communities with nothing.Sure if you look at the local scale, the profits an usage has not benefited many local communities. On the other hand it fueled the industrial revolution helping propel the US to world's largest economy and is helping the Chinese do the same thing. Cheap, reliable and accessible domestic energy source is the cornerstone of any economy.