Is The Market Stupid...?, page-78

A mr li xiyong, chairman of one of the top state mines in china said the coal market will not fall in 30 yrs that 60 percent of world energy comes from coal, and as technology improves will be on par with gas. A revolution is on in china to change the way coal is used-not a revolution to kill coal itself, but to create clean coal,if china growth continues at 6 percent they will double the demand in a decade. Power stations are being built in china whose emissions were no greater than natural gas,but whose fuel costs only 20 percent of the cost. they use 3.7 Bn tonnes out of 8 Bn globally.It Takes3/4 tonne coal to make 1 tonne steel, china coal investers are on the lookout to invest offshore He seam's sure that coal has a great future,the same as Brl. Danny/22