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97 comments on The rising fortunes of coal - perhaps

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BrianT on March 27, 2008 - 4:01pm

Maybe the greyhound will catch the mechanical rabbit, but I remember opinions that oil would never pass $100 without alternatives gaining ground. Oil is still the preferred energy source at $107 and you state that $200 is the new limit-why $200-why not $113?

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Dezakin on March 27, 2008 - 4:13pm

Er, alternatives are gaining ground. Theres lag time for infrastructure to be built, weather its tar sands production, coal liquefaction, GTL or whatnot. Theres also the institutional reluctance to invest billions of dollars in an industry with high production costs when its perceived oil prices could be a bubble.

But SASOL has large contracts now, tar sands production is rising, and new infrastructure is being built.

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97 comments on The rising fortunes of coal - perhaps

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