I think coal is the energy source of the future. It’s cheap and there’s a lot of it. As oil prices go up beyond a certain point ($200/bbl), coal to gasoline plants will become a riskless investment.
As oil prices go up beyond a certain point ($200/bbl), coal to gasoline plants will become a riskless investment.
..........
I think we are seeing the top of the oil market. Supply is rising pretty sharply in north america and iraq. and the gulf states except Iran are raising production.
that’s pretty much meeting rising demand from asia. demand in the USA is falling pretty steadily.