International coal prices hit $124 per ton this week, the highest levels in five months, as strong demand from reconstruction projects in Japan and reduced supply from flood-ravaged Australia has made coal supply tight. The floods in Queensland, Australia cut the country’s output of coal by 15 percent and other big coal producers such as [...] Coal Use Shine’s Light on Growth originally appeared in the Daily Reckoning . The Daily Reckoning recently featured articles on stagflation , best libertarian books , and QE2 .