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The acquisition of Macarthur Coal will give Peabody Energy control of the world’s top producer of pulverized coal.
The acquisition of Macarthur Coal will give Peabody Energy control of the world’s top producer of pulverized coal.
(Reuters/Macarthur Coal/Reuters/Macarthur Coal)

U.S. energy has the most to gain from Ukraine crisis

The swagger of Russian soldiers in Crimea didn’t impress investors in Moscow Monday morning. There has been a stampede out of Russian shares with the RTS index losing a tenth of its value; the rouble fell 2 per cent against the U.S. dollar, prompting the Russian central bank to raise its interest rate by 1.5 percentage points to 7 per cent.