JX, the US swapped into gas when it was cheap and now they are getting BBQ'd (excuse the pun). Gas prices have gone troppo and the switch back to coal is on. If AGL think Oz electricity producers are going to pay $16.8 per mgj they are simply having a laugh. Already Qld is switching back to coal and if the dumbest state in the world (other than Canada and Indonesia) is switching back to coal then it won't take the others long.
My biggest worry is China in terms of coal consumption.
As for the funding gap, it is chicken feed really but it will be used as a concern so this shorter can cover and then it will be let loose. I already think in the interim it will rise regardless.
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