lateline last night - clean coal, page-5

59.

Here's a thought,
UCG tech is just coming in out of the cold after years
of containment.Stock Brokers are gradually understanding
the dynamics of this critical energy source for Australia.
Analysts will in turn pass on the knowledge to the huge buying
power of the institutions and other big money,while "their"
actions will fire up the media as they pick up the dropped
penny together [only a matter of time.]

The trigger may well be that OPEC having long horizons
and an ever increasing concern for saving oil for their
kids will keep production as low as possible while
keeping prices rising,for the floor price of oil is no
longer set by spare production,so much as it is by the
needs of the Arab budget.

The global depletion rate of oil is around 5% and
increasing,production rate is 87 mbd daily,the world
is losing 4.5 mbd just due to depletion.

Many insiders feel that even with natural gas,oil from
tar,even coal to liquids, will not be enough to fill the
gap if oil declines at a faster rate than anticipated.

In the event of the above scenario taking place as it
may well do,then "coal will be king" and UCG will be the
jewel in the crown.....just as there is no word in the
English language that rhymes with Month..Cougar is unique.


HM.