Coals premature obit [trigger alert for Greenies]

"Reasons for the increase in prices include mine closures in Indonesia, United States and Australia and policy change by Chinese authorities," Whitehaven said, adding it was confident that coal prices will rise.

Goldman Sachs, reversing a gloomy outlook it issued last September, said this week restrictions on domestic production by Chinese regulators had turned coal "into one of the best performing commodities so far this year." ....
 
I'm convinced 'energy expert' is an oxymoron. First they said we were running out of oil and we'd have to settle for expensive gas and diesel. Then fracking blew that prediction out of the water.

Now they declared coal dead only to find out it's just like any other commodity.
 
You must log in or register to reply here.
Back
Top