Continue to watch natural gas. “US Lower 48 production at 72.39 Bcf/d essentially unchanged in May from 72.38 Bcf/d output in April” (EIA). The worm will turn, but have much patience.
In the hot 2010 summer about 12% of total U.S. electricity consumption was used for cooling. EIA
U.S. coal exports put in context: Investor Village.
NYMEX Coal Futures Near-Month Contract Final Settlement Price 2012 at the EIA.
Peabody Energy (BTU) is not the way to play a resurgent U.S. coal market. I wrote Peabody Energy’s Australian Headwinds at SA.