|Author||Kelso, A. D.|
|Source||United States Department of Energy Office of Scientific and Technical Information|
|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.|
|Learning Resource Type||Article|
|Publisher Place||United States|
|Journal||Coal Min. Process.|
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