"Vast coal reserves in Asia are gaining attention as major energy consumers such as China and India grapple with the reality of oil prices around $100 a barrel and the risks they pose to their economies. ... Coal prices would have to rise nearly fivefold to match current oil prices on a unit-of-energy basis, [Jim Brock of Cambridge Energy Research Associates] said, and the difference between the cost of the commodities is 'actually widening'. ... Asia has a third of the world's proven coal reserves, which stood at 909.06 billion metric tons", WSJ, 4 January 2008.
Either oil will fall, or coal will rise in price.
Either oil will fall, or coal will rise in price.
No comments:
Post a Comment