Msccube

The Brightest Stars in the Commodities Boom, Part Two

The author cannot understand the coal market and has not even to study production and consumption of coal in different region.

Australian has produced much coal than it can consume every year since 1997. The surplus increases every year. If Australian cannot ship the coal, what will the Australian do with the surplus? They cannot eat the coal!

The author missed the important point that coal has been transformed from a LOCAL market to a GLOBAL market.