Coal: too many grave problems' and obstacles
Journal Article
·
· Commod. J.; (United States)
OSTI ID:6049975
A rebuttal to the article, Coal: A Commodity for Futures Trading, is presented. The author points out that although the question put forth in the title of the article is a legitimate one, nearly 90 percent of coal production is under long-term contracts or complete control of the user. This fact, by itself, appears to make futures trading a remote possibility, and additionally, there are at least four problems that mitigate against trading coal futures: (1) government policies and regulations that conflict with each other; (2) the fact that coal is not a universal fuel and can only be used economically in large quantities by large facilities; (3) it is impossible from a practical standpoint to standardize coal as a trading unit because of the various types of coal and the lack of control base so that traders would know exactly what they are buying and selling; and (4) the cost and capabilities of transportation are prohibitive and make up too large a part of coals overall cost. (JMT)
- Research Organization:
- New Hampshire Technical Inst., Concord
- OSTI ID:
- 6049975
- Journal Information:
- Commod. J.; (United States), Journal Name: Commod. J.; (United States) Vol. 14:2; ISSN COMJD
- Country of Publication:
- United States
- Language:
- English
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