Coal Reserves – and the future of coal

Is coal the new oil? There are various grades of coal but a medium grade in North West Europe cost $29 a tonne in 1999, and today costs $149 a tonne. Most grades of coal have increased in price between three fold and four fold in the past nine years. Coal (if counted in terms of energy) is more plentiful than natural gas, oil or uranium. Fortunes will be made in coal, as humans seek more and more energy self gratification, and as their numbers multiply. Continue reading