Over the past few years, the rapid expansion of natural gas extraction, mostly via new fracking technologies, has driven the cost of coal down 45% in the past year alone. Although emerging economies across the globe have seen rising coal demand, it is theorized by The Atlantic that, at these sale prices, coal may not be profitable to mine in the future. Click through the image for more details about the future of coal and natural gas.
–From The Atlantic
Tags: Coal
May 9, 2012 at 4:07 pm |
my understanding is that gas is at an all-time low…this could be a flash in the pan