U.S. coal prices top $200 per ton as energy commodities start rallying again

Amazing.

For the first time in history, U.S. coal prices have rallied past $200 per ton.

Although U.S. natural gas output is the highest on record, the energy industry will need to sustain its production efforts to ensure there is enough liquefied natural gas (LNG) to satisfy domestic and foreign demand.

Until then, let’s hope global warming will arrive this winter and prevent people from freezing to death or going bankrupt to stay warm.

So far, all the energy commodities are rising on Wednesday: U.S. crude is homing in on $90, Brent topped $90, gasoline prices hit a one-month high of $3.805 a gallon, and natural gas prices have begun their upward momentum again to $6.61 per million British thermal units (Btu).