Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 15, 2013 14:16:28

American industry passes on coal

ColosseumAccording to Reuters, the U.S. industry for the production of electricity using coal more than natural gas. Owing to the difference between the price of coal and the price of natural gas, which amounts to almost $ 1.5 per million British thermal units. This condition is caused by excessive switching to gas power in earlier years, which caused the gap between the demand for coal and gas. In the long run may be some additional pressure on the price of gas down. Currently, the gas price stands at $ 3.87 per MMBT and coal price was approximately $ 2.40 per MMBT.

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