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RamboLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-27-08 12:00 AM
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Coal price soars, electric rates close behind
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Source: Pittsburgh Post-Gazette

While worry and hand-wringing has centered around higher food and gasoline prices, coal prices have shot skyward even faster with much less fanfare. And that increase promises to drive electricity costs much higher too.

The spot price for northern Appalachian coal -- which includes coal mined in Pennsylvania, Maryland, Ohio, Virginia and West Virginia -- was $138 a ton last week, more than double the $55-a-ton price of a year ago and four times what it was in 2000.

Spurred by a tight coal market made tighter by a series of extreme weather events earlier this year in China, Australia and South Africa, the spike in coal prices could add another 30 percent to electric rates that were already projected to increase more than 50 percent when rate caps for most power customers in the state expire in January 2011, said Pennsylvania Public Utility Commissioner Tyrone Christy.


Coal prices have been rising since 2000, driven primarily by increasing demand from expanding industrial economies in China and India. China, the world's biggest producer and user of coal, has gone from an exporter to an importer of coal. It stopped exports in February and March after the biggest snowstorm to hit the country in 50 years disrupted production and distribution, caused dozens of power plants to close and created electricity shortages.

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  -Coal price soars, electric rates close behind RamboLiberal  Jul-27-08 12:00 AM   #0 
  - PUT EM OUT OF BUISNESS.. WITH THESE...  sam sarrha   Jul-27-08 12:45 AM   #1 
  - Sorry / Not Practical  The Croquist   Jul-27-08 10:08 AM   #6 
     - So why has Spain already built one and Abu Dubai starting too.  bahrbearian   Jul-27-08 10:51 AM   #7 
     - I'm guessing government subsidies  The Croquist   Jul-27-08 11:03 AM   #8 
     - It is imminently practical, it is just not desirable to low information  theophilus   Jul-27-08 11:50 AM   #10 
     - alternate energy in particular.. here is another >>LINK>> there are options.. these are just the  sam sarrha   Jul-27-08 01:04 PM   #12 
     - ..dupe  sam sarrha   Jul-27-08 01:04 PM   #13 
     - I am savoring my electric bill---negative $62.  roody   Jul-27-08 02:39 PM   #16 
     - How much is "less than half of what my car cost"?  The Croquist   Jul-27-08 04:18 PM   #18 
        - Less than 10,000 dollars.  roody   Jul-27-08 06:54 PM   #20 
           - Do you "time shift" your electrical loads?  TheBorealAvenger   Jul-27-08 09:52 PM   #22 
              - No. My city, the electrical supplier, does not have time-of-use  roody   Jul-28-08 12:17 AM   #23 
     - Because Chinese industrial leaders don't give a sh*t about health and the environment...eom  TheBorealAvenger   Jul-27-08 09:50 PM   #21 
  - China is opening new coal-fired plants WEEKLY  NickB79   Jul-27-08 01:19 AM   #2 
  - Does anyone here know if there is speculation in coal in the market???  pattmarty   Jul-27-08 08:39 AM   #3 
  - YEA ..just heard on NPR that they are creating a speculation bubble on COAL, so expect your electric  sam sarrha   Jul-27-08 01:07 PM   #14 
     - i believe these industries are creating these bubbles to acquire the money to build solar and wind  sam sarrha   Jul-27-08 01:11 PM   #15 
        - They are "creating these bubbles" as you say to fucking.........  pattmarty   Jul-27-08 03:29 PM   #17 
  - There will be a desperate attempt to grab as much as they can  Phred42   Jul-27-08 08:50 AM   #4 
  - Map of Pa Coal  happyslug   Jul-27-08 09:07 AM   #5 
  - How convenient...the US has the largest coal supplies in the world...  Pachamama   Jul-27-08 11:09 AM   #9 
  - The fourfold spike in coal prices since junior took office is solely a supply & demand  indepat   Jul-27-08 12:06 PM   #11 
  - The coal trucks that run by my house here in western PA were running double time this week.  blue neen   Jul-27-08 05:57 PM   #19 

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