Coal Spot Prices
Coal spot prices have been increasing to devastating amounts as of late. Unfortunately at the current rate of expansion in nearly all countries it is impossible to do anything to combat this rise. The only thing we can really think to do is to possibly stop purchasing so much coal. This is the only way we can positively affect coal spot prices. This is because there is only a certain amount of coal we have out there to supply to one another. Coal is not a renewable resource as its usage causes the useful parts of it to turn into gas and be thrown into the atmosphere never to be seen again. For this reason we need to find a way to harvest it at increasing rates. This would involve employing even more miners to help in the industry, at least twice as much. The other option for doing this would be for someone to find such a large deposit of coal as to offset our lack for it for years to come. If we do not soon find some large deposit of coal out there somewhere, then the coal spot prices are destined to continually increase day by day until there is no hope for climbing our way out of all of the massive holes we have dug for ourselves by burning up coal so fast.
We have to either curb usage to save what we have, and then once the coal industry notices we aren’t purchasing as much, they will lower the prices to get the surplus stock out of the market to make room for the new stock. Alternatively we can also use less electricity. This would save people money on bills and also save our coal from being used up too fast. This is the only way that we can actually impact coal prices because to find a coal deposit isn’t an action we can realistically just take. It relies on many factors, such as chance findings and it is quite possible that there are no coal deposits anywhere out there that haven’t been tapped yet. This is something that must be taken into account as we must have realistic coals for attempting to curb the coal spot prices. Another way of going about this would be to drastically alter existing mines so as to see if the deposits extend any further, and if they do, then to continue to open the mines up further to get at larger areas of the deposit at faster rates.
There are several job hierarchies in the oil industry. The lowest job on the team of rig employees is the roustabout. Roustabouts are unskilled laborers who are just learning their trade in the oil industry. Their primary job is cleaning and maintaining the oil rig. Roustabouts are responsible for moving...