Cheap natural gas creates winners and losers. Coal miners fall into the latter camp, Liam Denning reports on Markets Hub.
2 Comments on "How Cheap Natural Gas Hurts Miners"
BillT on Tue, 7th Feb 2012 6:27 am
The gas situation is temporary. Wait and see. Meanwhile, there is still a good demand for coal.
DC on Tue, 7th Feb 2012 9:54 am
‘Cheap gas’ isnt cheap, its heavily subsidized, just like Coal is. So its really one form of really dirty subsidized energy, competeing against another equally subsidized and dirty energy, frak-gas. Cheap gas is at best, a transient condition, at worst, an outright fraud.
BillT on Tue, 7th Feb 2012 6:27 am
The gas situation is temporary. Wait and see. Meanwhile, there is still a good demand for coal.
DC on Tue, 7th Feb 2012 9:54 am
‘Cheap gas’ isnt cheap, its heavily subsidized, just like Coal is. So its really one form of really dirty subsidized energy, competeing against another equally subsidized and dirty energy, frak-gas. Cheap gas is at best, a transient condition, at worst, an outright fraud.