Coal prices could double again

All of a sudden coal, so long the Cinderella of fossil fuels, is not just in demand but in desperately short supply. A chance combination of crises in big producing and exporting countries has pushed the price of European imports to almost $140 per tonne


Although some of the issues are weather related, in an interview with lastoilshock.com and Global Public Media, McCloskey highlighted obstinate bottlenecks that are unlikely to be eased quickly. At Newcastle in New South Wales, for instance, port capacity is so tight that the queue of bulk carriers waiting to load coal has been known to stretch almost to Sydney