Iran War’s Gas Supply Shock Pushes Top Consumers Back to Coal

Iran War’s Gas Supply Shock Pushes Top Consumers Back to Coal

A deepening conflict in the Persian Gulf has upended oil and gas markets. It may also have provided coal — the dirtiest fossil fuel — with its most significant boost in years.

But with renewables unable to meet the full extent of demand, rising gas prices will still push some consumers to turn to coal. Power analysts with the London Stock Exchange Group estimate European c… [+3795 chars]
Iran War’s Gas Supply Shock Pushes Top Consumers Back to Coal - FHMnews