Bloomberg reports Gore Nightmare Wins as Europe Pays to Ship U.S. Coal. "A ton of U.S. coal is so cheap at about $47 that European utilities will pay $50 to ship it across the Atlantic."
"U.S. coal prices are equal to $1.98 for each million British thermal units of energy, compared with $12.51 for fuel oil and $6.91 for natural gas, data compiled by Bloomberg show. A million British thermal units is the equivalent of eight gallons of gasoline."
"U.S. coal exports have increased 37 percent this year and will continue to climb because of record global demand and a weaker dollar."
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