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By Fredrick D. Palmer

The World is Turning to Coal Peabody?s View ?We believe the world is increasingly energy-short, led by unprecedented demand from population centers and economic hubs in Asia, the Middle East and South America ?This occurs as:?Traditional energy sources are clearly constrained, requiring coal-based alternatives?Energy-rich nations leverage political gain from their assets, and nations urgently look to improve energy security ?In this environment:?Oil, coal and gas face a greater long-term convergence, ?Coal?s traditional regionalized nature becomes global, and ?Coal?s compact energy form becomes an attractive source for liquids and substitute natural gas ?The world is blessed with an abundance of coal to help meet all human energy needs

Jan 1, 2008