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Coal Running Out, Prices to Soar, Nature Reports

Economic global coal reserves will run out faster than expected because of overly optimistic estimates and accelerating demand, leading to a surge in prices, Nature magazine reported in its Nov. 18 issue.

"The inevitable result of soaring demand and dwindling supply will be rising coal prices globally, even in nations that are currently self-sufficient in the resources," Richard Heinberg and David Fridley, fellows at the Post-Carbon Institute in Santa Rosa, California wrote in an article in the magazine. "Energy policies relying on cheap coal have no future."