Low Prices Stoke Coal Sales. By Matthew Carr, Bloomberg, August 30, 2010. "Coal trading is poised to rise to a record high this year as prices at less than half their 2008 peak stoke demand, defying governments' efforts to phase out the most-polluting fossil fuel. The volume of coal derivatives bought and sold around the world may jump as much as 46% this year to 2.3 billion metric tons... That would exceed the record 2.2 billion tons traded in 2007... Global coal demand held near a record in 2009, while oil consumption dropped 1.7% and natural gas use fell 2.1%...Prices have fallen 56% since trading at a record $217.75 a ton on July 1, 2008."
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