Why Coal Prices Could Double this Year

- March 12th, 2010

Energy & Capital.com reported 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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