₦airaland Forum

The US coal mining industry is unable to expand production to replace Russian coal on the European market, the country’s biggest exporter said on Tuesday.

The comment follows a proposal by the European Commission to impose a ban on coal imports from Russia as part of a wider package of sanctions on Moscow over the conflict in Ukraine.

“I don’t see any ability for the industry to expand production. It’s like looking at a sweet dessert that you just can’t reach,” Ernie Thrasher, chief executive officer of Xcoal Energy & Resources LLC., the US’ biggest exporter, told Bloomberg.

The US is among the world’s top five coal exporters, and sells most of its coal to India, Brazil and South Korea.

According to Thrasher, most of the US coal output has already been sold under long-term contracts and there are few spare tons to deliver to Europe. With coal being the dirtiest fossil fuel, there has been little investment in new capacity, he explained, adding that tight labor markets and supply-chain bottlenecks caused by the coronavirus pandemic would also make it difficult to deliver extra tons for export.

According to media reports, potential buyers from some EU countries have already approached Indonesia and Australia, the world’s largest thermal coal exporters. But those countries have limited capacity as well. The EU wants to move away from Russian supplies, which meet 70% of Europe’s demand for thermal coal.

Shares of US coal miners surged after the European Union announced its sanctions plan against Russia on Tuesday. Coal prices in the US have been on the rise, surpassing $100 a ton last week for the first time since 2008.

https://www rt com/business/553390-us-cant-replace-russian-coal/

Lalasticlala FP make una Dey move Russian news to fp abeg, we no Dey colonial era…make news from both sides dey flow, make everyone choose what to believe at the end of the day

Wahala, Russia's an enemy you never pray to have

Where are the new sanctions to be placed on Russia ��

The reason for this war is for the US to replace Russia economically in Europe, but they overestimated themselves.
They believed their own hype.
Now they can see that they are not even self reliant.

Sanction Russian gas, gas prices go up
Sanction Russian oil, oil prices go up
Sanction Russian coal, coal prices go up
Sanction Russian wheat, wheat prices go up.
For everything Russian they sanction, the price on the international market goes up.

Ladies and gentlemen, the most powerful country in the world has to be Russia right now.

chronique:
Sanction Russian gas, gas prices go up
Sanction Russian oil, oil prices go up
Sanction Russian coal, coal prices go up
Sanction Russian wheat, wheat prices go up.
For everything Russian they sanction, the price on the international market goes up.

Ladies and gentlemen, the most powerful country in the world has to be Russia right now.

Them no know

chronique:
Sanction Russian gas, gas prices go up
Sanction Russian oil, oil prices go up
Sanction Russian coal, coal prices go up
Sanction Russian wheat, wheat prices go up.
For everything Russian they sanction, the price on the international market goes up.

Ladies and gentlemen, the most powerful country in the world has to be Russia right now.

Honestly... Russia is indeed the world power.

Cptflint:
Honestly... Russia is indeed the world power.

How one country alone is able to cause global inflation, instability, hunger, and the rest is surprising.

chronique:
Sanction Russian gas, gas prices go up
Sanction Russian oil, oil prices go up
Sanction Russian coal, coal prices go up
Sanction Russian wheat, wheat prices go up.
For everything Russian they sanction, the price on the international market goes up.

Ladies and gentlemen, the most powerful country in the world has to be Russia right now.

I swear
Holland is facing the biggest inflation in their history.
Irish government is facing massive heat from the citizens because of high price of oil, gas, electricity and fuel price even though the government have already spent almost a billion within 3 weeks for subsidy and Germany government have spent emergency subsidy fund of 13B within 3 weeks.

Reason Turkey, Hungary, Slovakia all said they will pay in Ruble because Russia gases are cheap.

seunny4lif:
I swear
Holland is facing the biggest inflation in their history.
Irish government is facing massive heat from the citizens because of high price of oil, gas, electricity and fuel price even though the government have already spent almost a billion within 3 weeks for subsidy and Germany government have spent emergency subsidy fund of 13B within 3 weeks.

Reason Turkey, Hungary, Slovakia all said they will pay in Ruble because Russia gases are cheap.

it’s just getting started, dem never see anything yet…..

Teaser4:
it’s just getting started, dem never see anything yet…..

The matter

Rubles 79 to the dollar

Drenimarcus:
Rubles 79 to the dollar

i just saw the news now…. Their sanctions are watery

Dem yarn say rubble go reach 200 hahaha

Teaser4:
i just saw the news now…. Their sanctions are watery

The IMF said they won’t exclude Russia.

The EU can’t agree any more in sanctions.

US just sanctioned Putin daughters and wife

Drenimarcus:
The IMF said they won’t exclude Russia.

The EU can’t agree any more in sanctions.

US just sanctioned Putin daughters and wife

they can’t exclude Russia, dem Dey daydream

Teaser4:
they can’t exclude Russia, dem Dey daydream

The US just said that they won’t partake in the G-20 summit if Russia attends. Uncle Sam is being bratty now.

Drenimarcus:
The US just said that they won’t partake in the G-20 summit if Russia attends. Uncle Sam is being bratty now.

they have exhausted the sanctions

It's either other NATO and EU members are dumb or they are ( the heads( benefiting directly from these American led sanctions.

Una gather sanction Russia and USA says come and buy and you sheeplessly go and buy.

America loves control and they do it perfectly but Putin removed the scales from the eyes of many.

Puremaker8:
they have exhausted the sanctions

Yeah!

Drenimarcus:
The US just said that they won’t partake in the G-20 summit if Russia attends. Uncle Sam is being bratty now.

who cares? Fvcktards

Drenimarcus:
The IMF said they won’t exclude Russia.

The EU can’t agree any more in sanctions.

US just sanctioned Putin daughters and wife

I saw the news of Sanctions on Putin’s family.
Many Russians because Russia should have just done it in 2014 not now, 2014, they would have face the sanctions and move on.
2014 turned Russia to one of the biggest exporter food in the world, many German and Netherland companies move to Russia.

The only thing remain is swift which Russia is waiting for because that will face EU to buy Russia gas and oil from Russia own SWIFT connected already to China own.
Iran have been trading since without SWIFT.

seunny4lif:
The only thing remain is swift which Russia is waiting for because that will face EU to buy Russia gas and oil from Russia own SWIFT connected already to China own.
Iran have been trading since without SWIFT.

Them no born them well. Russia has them all by the balls right now... Seeing the protests is now growing all over EU.... Matter of time before it reaches us here in NA.

Drenimarcus:
Them no born them well. Russia has them all by the balls right now... Seeing the protests is now growing all over EU.... Matter of time before it reaches us here in NA.

Russia don’t even care again because USA and EU have failed so far, yes Russia economy took hit but so, is EU economy.
Austria, Germany and Bulgaria industries will be in massive lose without cheap gas from Russia

seunny4lif:
Russia don’t even care again because USA and EU have failed so far, yes Russia economy took hit but so, is EU economy.
Austria, Germany and Bulgaria industries will be in massive lose with cheap gas from Russia

It is Germany i am waiting for. I already saw videos of Germans buying logs of wood.. E go hit everyone and those who their legs no balance go collapse...

Drenimarcus:
It is Germany i am waiting for. I already saw videos of Germans buying logs of wood.. E go hit everyone and those who their legs no balance go collapse...

Those Baltic states and Balkan states are nothing but parasites to EU.
Those Baltic states can’t function without Germany and France money and that the reason Marcon was blaming Germany for allowing many countries to join EU.

seunny4lif:
Those Baltic states and Balkan states are nothing but parasites to EU.
Those Baltic states can’t function without Germany and France money and that the reason Marcon was blaming Germany for allowing many countries to join EU.

I tell you! Tiny Lithuania barking at the bear got me rolling with laughter... I really France and Germany to wean themselves off the gas and see them collapse like pack of cards. And they are all out of sanctions.

Drenimarcus:
I tell you! Tiny Lithuania barking at the bear got me rolling with laughter... I really France and Germany to wean themselves off the gas and see them collapse like pack of cards. And they are all out of sanctions.

I remembered when Ukraine banned importing Russia gas and oil but was getting same gas from Germany via Poland
They all claimed they don’t want Russia but connected to it through Germany

seunny4lif:
I remembered when Ukraine banned importing Russia gas and oil but was getting same gas from Germany via Poland
They all claimed they don’t want Russia but connected to it through Germany

A complete ban on oil from Russia would lead to a “lift in prices to heaven,” said the head of the US Treasury... Just do it!

chronique:
Sanction Russian gas, gas prices go up
Sanction Russian oil, oil prices go up
Sanction Russian coal, coal prices go up
Sanction Russian wheat, wheat prices go up.
For everything Russian they sanction, the price on the international market goes up.

Ladies and gentlemen, the most powerful country in the world has to be Russia right now.

Gbam!!!

Drenimarcus:
Rubles 79 to the dollar

I expect it to climb to 60 or 65 by Friday when Russia will start implementing the oil for Ruble decree signed by Putin. This is going to be very interesting.

Drenimarcus:
A complete ban on oil from Russia would lead to a “lift in prices to heaven,” said the head of the US Treasury... Just do it!

EU diplomats fail to agree on ban on Russian coal imports and new package of sanctions against Russia - Reuters