{"id":434264,"date":"2021-09-06T10:14:23","date_gmt":"2021-09-06T04:44:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=434264"},"modified":"2021-09-06T11:12:29","modified_gmt":"2021-09-06T05:42:29","slug":"fossil-fuels-price-boom-isnt-the-victory-it-might-seem","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fossil-fuels-price-boom-isnt-the-victory-it-might-seem\/","title":{"rendered":"Fossil fuels&#8217; price boom isn&#8217;t the victory it might seem"},"content":{"rendered":"<p>From the price action, you\u2019d think that fossil fuels are back in business.<\/p>\n<p>Since breaking above $100 a metric ton in May, the price of coal at Australia\u2019s Newcastle port \u2014 a benchmark for Asia, which consumes about three-quarters of the world\u2019s soot \u2014 has gone almost vertical, hitting a record $173.10 a ton Thursday. The key regional contract for liquefied natural gas, the Japan-Korea Marker, is in similar territory, hitting $18.02 per million British thermal units the same day. That\u2019s not a record, but it\u2019s still the third-highest spike LNG has ever seen, during what\u2019s typically the low season for a commodity that tends to surge amid winter\u2019s heating demands.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From the price action, you\u2019d think that fossil fuels are back in business. Since breaking above $100 a metric ton in May, the price of coal at Australia\u2019s Newcastle port \u2014 a benchmark for Asia, which consumes about three-quarters of the world\u2019s soot \u2014 has gone almost vertical, hitting a record $173.10 a ton Thursday. The key regional contract for liquefied natural gas, the Japan-Korea Marker, is in similar territory, hitting $18.02 per million British thermal units the same day. That\u2019s not a record, but it\u2019s still the third-highest spike LNG has ever seen, during what\u2019s typically the low season [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-434264","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434264","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=434264"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/434264\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=434264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=434264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=434264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}