glen stevens : mining boom for few more years!, page-6

Menta, you may eventually find that BHP's winding back of the Olympic Dam project isn't related to demand but to the new energy age creeping up upon us.

SCG and shale oil etc are changing the shape of future energy needs and it was only a matter of time before BHP would act. The other side of the coin is that BHP now has massive developments in the US for CSG etc. It's a bit of a portfolio balance not a "decline in consumption" horror story.

Commercial decisions for the new era: as opposed to the old era when it was 'just get it out of the ground and onto ships'.

An obvious and telegraphed commercial action by BHP shouldn't be read as anything else but just that.

There are alternatives to nuclear energy as we are finding out. BHP is adjusting it's strategy.