Spot coal prices have plummeted over the last 12 months and shares of most coal producers have gone along for the ride, but overall pricing in the industry is surprisingly robust.
Until this summer, spot coal prices, or the price a customer might pay in a one-time transaction for immediate delivery, were riding high. According to [...]
Shares of coal mining companies cooled Friday after favorable economic data boosted investor confidence and hints of heightened demand this fall boosted the stocks in a midweek rally.
Shares of Peabody Energy Corp. gained $3.15, or 7.1 percent, to $47.83 between the closing bells and Tuesday and Wednesday. Shares of Arch Coal Inc. added $1.72, or [...]
The government Tuesday raised its forecast for the average price of oil in August by $3 a barrel, citing July’s heat wave and decreased production from the closure of BP’s oilfield in Alaska’s North Slope.
The Energy Information Administration (EIA), the numbers arm of the Energy Department, estimated in its monthly energy forecast that oil is [...]
Energy Secretary Samuel Bodman said Tuesday it could take months to resume normal shipments of Alaska oil, but that there are adequate supplies to make up for the loss to West Coast refineries.
“My sense is we’re in pretty reasonable shape,” Bodman told a news conference.
He said there are relatively high inventories of crude oil in [...]
Gasoline prices held steady today, the AAA reported, despite the prospective shutdown of an Alaskan oil field that supplies about 2.6 percent of the nation’s crude oil production.
The national average price for a gallon of regular was $3.036, the same as the previous day, the association reported. Even on the West Coast, where much of [...]
London oil prices rose on Wednesday ahead of data that could show a large drop in U.S. gasoline stocks after a long holiday weekend, while North Korean missile launches added to geopolitical worries for the market.
London Brent crude traded up 19 cents at $72.70 a barrel by 0842 GMT. U.S. light crude shed [...]
The pubic has been given a story about gasoline that is simply not true. It is a major misdirection by the oil companies that does not give us the true economics of crude oil and the reason oil companies need to dump gasoline on the market.
Although I am not a petroleum expert, as a CPA [...]
As the miner tries to cut coal from the ribs of the mine, he makes a wide turn and bangs his hauler against the wall, injuring a co-worker. It’s a painful scenario, and not entirely rare.
But this time it’s just a simulation.
The three-dimensional simulators here at Hazard Community and Technical College in eastern Kentucky give [...]
