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

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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. 

https://www.washingtonpost.com/enterprise/power/fossil-fuels-price-boom-isnt-the-victory-it-might-seem/2021/09/05/00314662-0ea2-11ec-baca-86b144fc8a2d_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Fossil Fuels’ Worth Increase Isn’t the Victory It May Appear

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