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Author Kelso, A. D.
Source United States Department of Energy Office of Scientific and Technical Information
Content type Text
Language English
Subject Keyword COAL, LIGNITE, AND PEAT ♦ COAL ♦ EXPORTS ♦ COAL INDUSTRY ♦ ORGANIZATIONAL MODELS ♦ USA ♦ CONTRACTS ♦ ECONOMICS ♦ IMPORTS ♦ INTERNATIONAL AGREEMENTS ♦ MARKET ♦ ORGANIZING ♦ WESTERN EUROPE ♦ AGREEMENTS ♦ CARBONACEOUS MATERIALS ♦ ENERGY SOURCES ♦ EUROPE ♦ FOSSIL FUELS ♦ FUELS ♦ INDUSTRY ♦ MATERIALS ♦ NORTH AMERICA 015000* -- Coal, Lignite, & Peat-- Economic, Industrial, & Business Aspects
Abstract At present there is a surplus of imported steam coal in Europe but it is predicted that, in spite of this, imports will rise. The paper describes the possibility of establishing a privately-run but government-chartered US Coal Exchange to handle steam coal sales to Europe. Advantages would include adherence to quality standards, establishing a stable market, and allowing small coal operators onto the market. Disadvantages centre mainly on the fact that European customers adhere to established sources for political and economic reasons, and that smaller producers would not in fact increase their share of the market. It is also felt that an Exchange would encourage spot sales in preference to an established market, which could strategically weaken the position of the US. The need for long-term international trading contracts is described.
Educational Use Research
Learning Resource Type Article
Publisher Date 1983-08-01
Publisher Place United States
Journal Coal Min. Process.
Volume Number 20
Issue Number 8


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