Tuesday, February 05, 2008

Coal Get's Expensive

What did I tell you?

What did I tell you?

I told you that the price of coal would rise. Guess what? Citigroup has forecasted that world coal prices could double in 2008-2009.

Why? Because they can't keep up with supply.

Pro-coal advocates keep singing the same old song; “What happens when the wind don't blow and the sun don't shine?” But for some short sited reason, they never seem to consider; what happens when the coal doesn't get delivered?

Not only has weather critically hampered the delivery of coal in the U.S., it has resulted in price increases here. Don't any of these people remember supply and demand?

Moreover, coal isn't delivered by coal-fired trains. The increase in the price of oil will obviously increase the price of coal.

If you believe the lies that coal power will be cheap. Well, surprise surprise.

1 comment:

dortiz said...

You are not blue in the face are you? Howdy!