after I got my license in 89, I remember clearly I paid 48 cents/l at the pump.
then the first Gulf war came and gone, 78 cents/l and staying.
then the Iraqi war over $1/l that was the end of the world almost what happened after the war? price never drop below $1/l again
my question for you is , do you really believe coal price will ever go back to usd 80/t?
thermal coal price is not crude oil can be manipulated all the way down to -40 usd.
by the way Indonesia is trying to industrialize their country instead of just selling raw materials, there for a lot less coal available for asain market.
your prediction of super bear mode ect is not going to happen in your long term ( 5 years ect ) period
after I got my license in 89, I remember clearly I paid 48...
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