This is Baboo Runchik the free delivery coalman. I must clarify that to make it clear. I give the free delivery but charging for the coal.
It is 3 am here in Kingston but I am not sleeping. So I am writing to you the good news that I am reading in the IEA today.
http://www.iea.org/newsroomandevents/pressreleases/2012/december/name,34441,en.html
http://www.iea.org/newsroomandevents/speeches/MvdHMCMR2012LaunchRemarks.pdf
http://www.huffingtonpost.com/maria-van-der-hoeven/how-to-fix-the-21st-centu_b_2320254.html
What they talking that coal is dirty, Baboo don't understand.
Why this IEA saying that "The relentless growth, which would imperil attempts to cut global carbon emissions, can only be stemmed if the coal is displaced by cheap gas, as seen with the US shale gas boom." Baboo don't understand this at all.
Why the woman saying "But the biggest hope for reducing emissions from coal may come from policies that encourage its replacement by lower-emission energy sources. A meaningful carbon price can do this, but so can cheap natural gas - as recent U.S. experience suggests. The boom in unconventional natural gas has prompted U.S. power generators to switch from coal to gas en masse. "
Must be good be putting the coal powered power station and the coal power factory in the North Rivers like I am thinking that the the TraderRegmon and the Aidenmon be saying. Them mons be most clevermons, that be fact.
I been thinking that these clever dickie pokes in there very clever. Them must be making the clothes like the Gandhimon at home, because otherwise all clothes be coming from them Chinesemon and Indiamon factory.
I scratching head where them clever folk getting computer to be writing all clever stuff they be putting in.
Baboo and family be waiting for clever dickiemon to be giving good comments to the IEA why the gas be bad and the coal be good, like they saying by protesting with the Metgasco.
Maybe these folks be standing in the ways of the tides like the King Cantutemon, waiting for the feets to be washed.
Soon I will be selling the coal to everybody everywhere, and business will be booming. Here is the good article at backside of this posting.
Mr Baboo Runchik, good friend of people who be wanting the coals to be burning brighter for ever.
Coal’s share of global energy mix to continue rising, with coal closing in on oil as world’s top energy source by 2017
IEA’s Medium-Term Coal Market Report sees coal demand increasing in nearly every region of the world except US, where shale gas is displacing coal
17 December 2012
Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’s top energy source, the International Energy Agency (IEA) said today as it released its annual Medium-Term Coal Market Report (MCMR).
Although the growth rate of coal slows from the breakneck pace of the last decade, global coal consumption by 2017 stands at 4.32 billion tonnes of oil equivalent (btoe), versus around 4.40 btoe for oil, based on IEA medium-term projections. The IEA expects that coal demand will increase in every region of the world except in the United States, where coal is being pushed out by natural gas.
“Thanks to abundant supplies and insatiable demand for power from emerging markets, coal met nearly half of the rise in global energy demand during the first decade of the 21st Century,” said IEA Executive Director Maria van der Hoeven. “This report sees that trend continuing. In fact, the world will burn around 1.2 billion more tonnes of coal per year by 2017 compared to today – equivalent to the current coal consumption of Russia and the United States combined. Coal’s share of the global energy mix continues to grow each year, and if no changes are made to current policies, coal will catch oil within a decade.”
China and India lead the growth in coal consumption over the next five years. The report says China will surpass the rest of the world in coal demand during the outlook period, while India will become the largest seaborne coal importer and second-largest consumer, surpassing the United States.
The report notes that in the absence of a high carbon price, only fierce competition from low-priced gas can effectively reduce coal demand. “The US experience suggests that a more efficient gas market, marked by flexible pricing and fueled by indigenous unconventional resources that are produced sustainably, can reduce coal use, CO2 emissions and consumers’ electricity bills, without harming energy security,” said Ms. van der Hoeven. “Europe, China and other regions should take note.”
She noted that the report’s forecasts are based on a troubling assumption, namely, that carbon capture and sequestration (CCS) will not be available during the outlook period. “CCS technologies are not taking off as once expected, which means CO2 emissions will keep growing substantially. Without progress in CCS, and if other countries cannot replicate the US experience and reduce coal demand, coal faces the risk of a potential climate policy backlash,” she said.
As US coal demand declines, more US coal is going to Europe, where low CO2 prices and high gas prices are increasing the competitiveness of coal in the power generation system. This trend, however, is close to peaking, and coal demand by 2017 in Europe is projected to drop to levels slightly above those in 2011, due to increasing renewable generation and decommissioning of old coal plants.
Amid concern about the impact of Chinese uncertainty on coal markets, the report offers a Chinese Slowdown Case. This scenario shows that even if Chinese GDP growth were to slow to a 4.6% average over the period, coal demand would still increase both globally and in China – indicating that coal demand is not likely to stop growing even with more bearish economic perspectives.
Medium-Term Coal Market Report 2012 is part of the IEA’s medium-term market report series, which also includes editions on renewable energy, natural gas and oil. With these four reports, the IEA offers a sound and coherent view of the main drivers of energy markets. MCMR offers a complete view of recent trends and projections to 2017 on coal demand, supply and trade and complements the coal chapter of the IEA’s annual World Energy Outlook, which has a longer-term focus.
MCMR is for sale at IEA bookshop.
Factsheet for Medium-Term Coal Market Report 2012.
“How to fix the 21st Century’s dirty engine of growth” – a Huffington Post commentary by IEA Executive Director Maria van der Hoeven.
IEA Executive Director Maria van der Hoeven's opening remarks at the Medium-Term Coal Market Report 2012 news conference.
Recording of Medium-Term Coal Market Report 2012 news conference.
- Forums
- ASX - By Stock
- MEL
- tide is turning very fast
tide is turning very fast
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEL (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $5.790M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $754 | 188.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 12765502 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 14531096 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 12765502 | 0.003 |
12 | 31475499 | 0.002 |
6 | 59703690 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 14531096 | 12 |
0.005 | 5954721 | 6 |
0.007 | 100002 | 1 |
0.009 | 80000 | 1 |
0.010 | 1000000 | 1 |
Last trade - 12.37pm 30/08/2024 (20 minute delay) ? |
Featured News
MEL (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online