JEff Rubin: Is Peak Coal Coming?
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Jeff Rubin, economist and author ( Why your world is about to get a whole lot smaller ) notes that oil isn't the only hydrocarbon with a price going through the roof. Check out thermal coal prices to see how dependent economic growth has become on burning increasingly amounts of fossil fuels. Prices of Newcastle coal, the Asian coal price benchmark, are poised by rise by as much as 30% this year, approaching the peak levels seen in 2008. It is no surprise the countries driving global coal demand through the roof are the same countries pushing global crude demand. Find the fastest growing economies, and you will find where demand for oil and coal are the strongest. ... Read the full story on TreeHugger