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Natural gas tops coal as top source of electricity in US (CNBC) King Coa has been dethroned. Call it a one-two punch against coal. As global demand for U.S. coal exports continues to sag, domestic demand at power plants has been sliding as well. For the first time ever, natural gas trumped coal as the top source of electric power generation in the U.S. In April, roughly 31 percent of electric power generation came from natural gas, whereas coal accounted for 30 percent, according to a recent SNL Energy report. It's a dramatic difference from April 2010, when coal accounted for 44 percent of the mix and natural gas just 22 percent.
Scaling Greece's debt mountain (Reuters) The European Central Bank's decision to support Greece's shuttered banks by keeping its emergency funding line open has given the country's lawmakers a few days to seal reforms for an aid deal to keep it in the euro. But as Sonia Legg reports Greece has a financial mountain to climb.
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