its common for it to "pop"...its very volitile...
5-10% moves on either side of the game
wouldnt be suprised if we see 15 by end of the week
again we need an oil recovery...oil is WAY oversold..and its bounce will be sooner
ps coal is not dead..esp when countries are in need of cheap energy
the numbers speak for them selfs...
http://www.nationmaster.com/graph/ene_coa_con-energy-coal-consumption
http://rankingamerica.wordpress.com/2009/04/13/the-us-ranks-2nd-in-coal-consumption/
it is a cheap energy source for growing countries...