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A booming bull market for dirty coal
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Thursday, May 21, 2009
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From Clusterstock:

With oil's price climbing, it's only going to get harder to extricate the world from its dependence on coal.

Right now, oil delivers 5.8 million BTUs per barrel for $60, while a ton of coal delivers 25 million BTUs for $45, writes Gregor Macdonald. Is it an apples to apples comparison?

Certainly not. But as the emerging nations emerge, they find "coal, with its versatility in both heating and industry, is the fossil fuel of choice."

Read full article...

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Topics: Energy | Commodities
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