it goes only in one direction.
I was thinking about the world where thermal coal costs $500…it’s so high that I wouldn’t expect people paying that price in direct sell as well as in indirect sell (electricity and heat from coal plant)
We already see governments limiting the prices for customers but I guess government budget needs to cover the gap. We all know they will do that until the country is not a bankrupt (thank you silly democracy)
That is why I think we may see the super high prices longer in free capitalistic economy…and for thermal coal being “essential” good can hold strong and metallurgical not…
Target $9.36, page-2527
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