Asia’s coal prices hit new highs as global utilities scramble for fuel

And they will rise some more. Coal is an incredibly reliable fuel for electricity production as the UK and Germans find out more and more every year. Asia is on a binge and I don’t blame them. They do what they know works. It is Europe and America that have come to believe in fairy dust and woo-woo economics and physics. Now we have to pay the price. Combined with colder weather every year, I see the green movement hit a wall.

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