As much as I'm sure RamblingsDC is an honest and unbiased purveyor of information, I would just like to use this opportunity to present the counter-argument.
Seaborne coal prices are up due to an unexpected increase in demand out of China, India, South Korea and Japan. The Newcastle Index is close to 5 Year highs and Australian and Indonesian producers are operating at or near capacity which is allowing the US and Russia to bridge the gap between supply and demand.
