Why Coal Prices Could Double this Year
Energy & Capital.com reported Why Coal Prices Could Double this Year:
Coal, whose surging price has outpaced crude oil and natural gas, could double this year.When heavy rains and flooding cripple two million metric tons of thermal coal production at an Ensham mine in Queensland, Australia, coal prices go nuts. But when crippling China snowstorms, floods in Queensland, Australia, stronger Asia demand, slower Indonesian growth, power crisis in South Africa wreak havoc, will it be any shock if coal prices double this year?
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Fri, Mar 12, 2010
Post by Mike Rodger, Coal Reporter