Either way I am more encouraged by developments in the U.S. than threatened but I would not touch anything coal for the foreseeable future. Any shale oil they produce will be badly needed to fill the demand/supply gap in coming years and maybe they might export some LNG, but Australia's inherent advantage here is geography. We are half the distance to Asia and thus half the shipping cost with cheaper to produce LNG. So really, I don't see how they will be able to effectively compete but if LNG demand remains strong and prices high, then sure they will tap into some of that but that's good all round. Lower US deficits, more jobs etc.
Does anyone remember what currency WPLs LNG contracts to Asia/Japan are based in? I think it's in USD, so this could also be good because the AUD should fall below the USD for one simple inarguable reason...
Australia stands to lose 4.5 billion in coal exports next year as US gas production continues to displace coal in power generation.
Either way I am more encouraged by developments in the U.S. than...
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