U.S. Metallurgical Coal and Coke Supplies-Prices, Availability, and the Emerging Futures Markets

摘要

A year ago at the time of this conference, domestic coal prices were well into a rapid climb that did not level off until mid-summer. The run-up in coal prices was unlike anything that had been seen since the 1973 Arab oil embargo, when coal prices shot up and then continued to rise until 1982. The major difference between that perturbation in coal prices and the current one that began in late 2000 is that the aftereffects will not be long-lasting this time.