{"id":343209,"date":"2020-03-24T11:39:43","date_gmt":"2020-03-24T06:09:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=343209"},"modified":"2020-03-24T11:39:43","modified_gmt":"2020-03-24T06:09:43","slug":"heres-why-coal-is-now-the-worlds-most-expensive-fossil-fuel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/heres-why-coal-is-now-the-worlds-most-expensive-fossil-fuel\/","title":{"rendered":"Here&#8217;s why coal is now the world\u2019s most expensive fossil fuel"},"content":{"rendered":"<p>Coal, the dirtiest and usually the cheapest option for energy, is now the world\u2019s most expensive fossil fuel.<\/p>\n<p>Oil\u2019s epic collapse over the past month means the global crude benchmark is now priced below the most widely traded coal contract on an energy-equivalent basis, according to Bloomberg calculations. Australia\u2019s Newcastle coal on ICE Futures Europe settled at $66.85 a metric ton on Friday, the equivalent of $27.36 a barrel of oil. Brent futures ended at $26.98 a barrel.<\/p>\n<p>While coal use in the U.S. and Europe has fallen because of cheap natural gas and renewables, as well as flat energy demand growth, consumption continues to rise in Asia, where it\u2019s traditionally been the cheapest option for energy-hungry emerging markets. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coal, the dirtiest and usually the cheapest option for energy, is now the world\u2019s most expensive fossil fuel. Oil\u2019s epic collapse over the past month means the global crude benchmark is now priced below the most widely traded coal contract on an energy-equivalent basis, according to Bloomberg calculations. Australia\u2019s Newcastle coal on ICE Futures Europe settled at $66.85 a metric ton on Friday, the equivalent of $27.36 a barrel of oil. Brent futures ended at $26.98 a barrel. While coal use in the U.S. and Europe has fallen because of cheap natural gas and renewables, as well as flat energy [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[190,139,130],"tags":[],"class_list":["post-343209","post","type-post","status-publish","format-standard","hentry","category-coal-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=343209"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343209\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}