However there is a storm brewing that is going to affect us all.For if we don't help coal become a "friend" on this planet,life as we know it will change dramatically.
Russia's Gazprom is still pushing hard for $US 200 dollar oil late 2009 or early 2010.Forecasting that gas prices will follow suit.Russia and cohorts control 63% of the worlds natural gas via a developing cartel.
Matt Simmons [twilight in the desert] stated that between 50/100 Trillion dollars needs to be spent on Peak Oil to avert a global crisis.
T Boon Pickens said that "the worlds oil market is stretched tight like a bed sheet,oil has to go up because the people that have the oil,are running out of oil,85MBPD is all the world can produce,the demand is 87MBPD...its that simple...supply and demand..that's it".
A summary of the oil and gas report suggests that oil production will decline at a rapid rate and supplies will not match demand after 2015.Around 2030 the "top five" exporters will be "no more".
July/08 CSIRO report says that if reduction in oil is rapid and alternative fuel is slow [look around] to materialize-then passenger and freight travel will be reduced by 50%.
Linc has appointed UBS Bank to crack the whip on the disposal of some company assets.
The UBS Bank [Used to Be Smart] put out a report last year that declining oil production and future demand would eventually lead to a collapse of the system. For the world needs "epic" amounts of energy,and when you start reducing that energy "poof"..it wouldn't be the first time an advancing civilization went from decadence to poverty in one generation. [end]
Who will benefit from Linc's probable 5bt of Qld coal, the UBS Bank...or the shareholder?.
Len [bless him] stated that CXY has 2.500+ mt of coal "collectively".Cougars move into gas/electricity mode was a well timed strategic move.Later on a "puma" at the pump would be very rewarding.
Hopefully, before Kingaroy is up and running,all three of the present UCG operators will be performing via a united front for this will give the budding industry an "absolute" credibility.
Alex Klimenco's Ucg research on a current Google Alert is another reminder..not to waste time.
Perhaps Mr Rudd needs to jump into a UTE with green lights set all the way to PBs doorstep and "do a deal" to stop UBS/LNC siphoning off some of the Nations future fuel supply.For if this potential diesel goes overseas,then vast amounts will follow,setting the stage for a CSIRO prediction...$8.00 LTR FOR PETROL.
[now imagine what will happen to food prices]
The above should make your day Boz.
HM.
CXY Price at posting:
9.6¢ Sentiment: None Disclosure: Held