Methinks that ''west centric'' views and predictions based on knowable facts as accurate as they may be are becoming obsolete and irrelevant. Energy prices and future of coal are and will be determined up and down by greater Asia with economies population and politics fast overtaking our ''western'' economies.
If as I believe Asia turns to booming prosperity (irrespective of our own grim high interest recessionary outlooks) coal can easily go back to 300+ and stay there for long time. Growth of Asian economies is inevitably being uncoupled from western demand projections, look at hundreds and hundreds of millions young under 20yo Indians becoming energy consumers.
Coal price can easily drop to low hundreds for a while during re stockpiling events worldwide but say over 10 years forward I think it will be closer to 300.
imho ......... often wrong of course
Downside?, page-11
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