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Posted Mon Mar 18 2013: from Reuters:
U.S. utilities to burn more coal as natgas prices climb -traders
... The relative price difference between NYMEX Central Appalachian coal and NYMEX Henry Hub gas is at its widest since June 2011 at almost $1.50 per million British thermal units (mmBtu), according to Reuters data. Natural gas traded at $3.87 per mmBtu on Friday morning, while Eastern coal was selling at $2.40 per mmBtu. Prices of Central Appalachian coal have slipped to their lowest levels since late January. Meanwhile, natural gas prices climbed to their highest levels since November due to four straight weeks of larger-than-expected drawdowns from inventories.
[Read more stories about: coal issues, climate impacts, fracking]
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