WHC 0.38% $7.77 whitehaven coal limited

Actually this is in WHC's favour. Market forces which would...

  1. 283 Posts.
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    Actually this is in WHC's favour. Market forces which would cause high prices to revert to the mean by more supply coming online has been distorted by green initiatives. Less coal supply with a growing demand from reflation of the economy means WHC gets to sell more of it's coal at higher prices without new competitors coming in. It's like the ice cream man at the beach getting all the sales of the summer season because health nuts have petitioned to the council against issuing anymore new licenses for ice-cream vendors. But..but people like ice-cream.

    And because greenies have an inflated ego to think they can dictate market forces like communists, all they will accomplish is drive coal prices even higher without the renewables infrastructure being built out. You can't build renewables fast enough to replace coal. A mad scramble to buy up solar panels and batteries will cause both prices to skyrocket which will make coal on par as a generator.
 
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