Fossil Fuels’ Price Boom Isn’t the Victory It Might Seem

Since breaking above $100 a metric ton in Could, the value of coal at Australia’s Newcastle port — a benchmark for Asia, which consumes about three-quarters of the world’s soot — has gone virtually vertical, hitting a file $173.10 a ton Thursday. The important thing regional contract for liquefied pure gasoline, the Japan-Korea Marker, is in comparable territory, hitting $18.02 per million British thermal models the identical day. That’s not a file, nevertheless it’s nonetheless the third-highest spike LNG has ever seen, throughout what’s sometimes the off-season for a commodity that tends to surge amid winter’s heating calls for. | Fossil Fuels’ Worth Increase Isn’t the Victory It May Appear


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