China's economy is based on what they do with the coal not on exporting coal. I.e., it is based on the goods they produce from factories that run on coal.
I guess I was wrong about coal exports, the US actually does export some coal, but the US economy or economic recovery cannot be based on coal. It currently fetches about $70 per metric ton, and it is only going to go down.
Warren Buffet made a bet that as oil prices go up things more valuable than coal will start getting moved on those railroads.
Oh and if you want a coal based economy you can see some pictures of those chinese cities where you cannot see 100 feet in front of your nose. Even China is trying to get off coal as quickly as it can.
I guess I was wrong about coal exports, the US actually does export some coal, but the US economy or economic recovery cannot be based on coal. It currently fetches about $70 per metric ton, and it is only going to go down.
Warren Buffet made a bet that as oil prices go up things more valuable than coal will start getting moved on those railroads.
Oh and if you want a coal based economy you can see some pictures of those chinese cities where you cannot see 100 feet in front of your nose. Even China is trying to get off coal as quickly as it can.