Friday, December 23, 2016

Coal and Oil stabalizing, maybe, but does it help?

I haven't been reporting on the price of coal and oil for awhile as in some ways not much has been going on.  But enough has been to at least put in a little.

On coal, the price of coking coal, it has been noted, is up, which generally reflects increased industrial output.  That's been noted in reports on local coal but Wyoming's coal isn't of the coking grade so that likely doesn't mean much.  On the other hand coal producers are coming back out of bankruptcy and the situation at least appears relatively stable.

A report in the Tribune today states that its unlikely that oil shall exceed  $55/bbl in 2017, which if true means not much will be going on in terms of new exploration in the US.  It needs to rise above that for anything to really happen. 

On other combined news its reported that Wyoming's unemployment rate has improved but that the state's population dropped last year.  Those are really part of the same story.

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