US Coal Decline Doesn’t Stall Global Growth

Bloomberg reported that global coal demand is surging despite a decline in the US.

As quoted in the market news:

Global use rose 5.4 percent in 2011, similar to the downgraded 5.5 percent pace in 2010, BP said. U.S. consumption dropped more than any other nation, declining 24.2 million metric tons of oil equivalent, or 4.6 percent, to 501.9 million tons.

Click here to read the full Bloomberg report.