Cheap Gas Hurts US Coal
Record low gas prices are pushing coal out of the US energy mix, resulting in rising US thermal exports and falling global prices.
Record low gas prices are pushing coal out of the US energy mix, resulting in rising US thermal exports and falling global prices.
Sliding demand is forcing US coal producers to reassess their future after several American miners shut down capacity and shifted focus abroad.
The years-long effort to develop a coal mine in the Otter Creek Valley has come to naught. Queensland billionaire Clive Palmer has also backtracked on his $60 b coal contract with a Chinese group. What seems to be happening here?
Coal is the best commodity to get into right now. The recent global economic downturn has led to a slump in coal demand and production cuts, however serious investors are not shying away from what they see as a most opportune time.
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