A pleasing day today, the coal price heading higher. A couple...

A pleasing day today, the coal price heading higher. A couple bits of information holders could consider, is that China is experiencing another very dry period, their hydro electric system will not be producing the electricity that it should, meaning the slack will have to be picked other power sources, eg coal power stations. China has been mining lots of coal, setting records for domestic production but China is a massive country and the coal produced may not be in the areas were the power is needed. More coal imports will definitely be needed.

The other is my favourite place in Europe, France. Anyone watching the riots would have observed that the people are all wearing puffer jackets, the reason? It is still very cold even if it is the end of March. Power consumption is way up for this time of the year.Europe did have a mild winter but that is in the past. Europe is in the same situation as China with a lack of rain, and more importantly snow fall this winter. Hydro electric power will be way down, (In my opinion it would not be a good idea to book a river cruise this summer in Europe unless you like to see everything from a bus window) and the wind has been non-existent for many days with overcast skies. So Europe may be in the market for some imported coal before next winter.

Everyone has to remember that Australia exporting 430,000,000 tons of coal to be burnt in overseas power plants which is okay, the Labor government lets that happen but if we Australians burns some of our own coal in power stations here its very bad, we are destroying the planet, and we have to do penance for our sins by paying obscene power pills and closing down coal power plants to use unreliables. That is what wind and solar are, unreliable. Nothing is going to change, just invest in some coal companies to use the dividends to pay the inflated bills.

Good Luck all Holders

Cheers Wang44