Tag: Philip Bump

Plans to Ship Coal to China Face a Hurdle: The West Coast

PHILIP BUMP – Coal companies are in a bit of a bind. Well, a few binds, really, but let’s just focus on one at a time, shall we? Demand for their product domestically has dropped significantly of late, as prices of natural gas have remained low. But demand remains high overseas: In Europe, certainly, but particularly in Asia. So if you are running a coal company (which, if you are: Hello!), there’s an obvious solution. Take all that coal and ship it to China and India. Or maybe it’s not that easy.