Absolutely Boz..
However there is a storm brewing that is going to
affect us all.For if we don't help coal become a
"friend" on this planet,life as we know it will
change dramatically.
Russia's Gazprom is still pushing hard for $US 200
dollar oil late 2009 or early 2010.Forecasting that
gas prices will follow suit.Russia and cohorts control
63% of the worlds natural gas via a developing cartel.
Matt Simmons [twilight in the desert] stated that
between 50/100 Trillion dollars needs to be spent
on Peak Oil to avert a global crisis.
T Boon Pickens said that "the worlds oil market is
stretched tight like a bed sheet,oil has to go up
because the people that have the oil,are running
out of oil,85MBPD is all the world can produce,the
demand is 87MBPD...its that simple...supply and
demand..that's it".
A summary of the oil and gas report suggests that
oil production will decline at a rapid rate and
supplies will not match demand after 2015.Around
2030 the "top five" exporters will be "no more".
July/08 CSIRO report says that if reduction in oil
is rapid and alternative fuel is slow [look around]
to materialize-then passenger and freight travel will
be reduced by 50%.
Linc has appointed UBS Bank to crack the whip on the
disposal of some company assets.
The UBS Bank [Used to Be Smart] put out a report last
year that declining oil production and future demand
would eventually lead to a collapse of the system.
For the world needs "epic" amounts of energy,and when
you start reducing that energy "poof"..it wouldn't be
the first time an advancing civilization went from
decadence to poverty in one generation. [end]
Who will benefit from Linc's probable 5bt of Qld coal,
the UBS Bank...or the shareholder?.
Len [bless him] stated that CXY has 2.500+ mt of coal
"collectively".Cougars move into gas/electricity mode
was a well timed strategic move.Later on a "puma" at
the pump would be very rewarding.
Hopefully, before Kingaroy is up and running,all three
of the present UCG operators will be performing via a
united front for this will give the budding industry
an "absolute" credibility.
Alex Klimenco's Ucg research on a current Google Alert
is another reminder..not to waste time.
Perhaps Mr Rudd needs to jump into a UTE with green
lights set all the way to PBs doorstep and "do a deal"
to stop UBS/LNC siphoning off some of the Nations
future fuel supply.For if this potential diesel goes
overseas,then vast amounts will follow,setting the
stage for a CSIRO prediction...$8.00 LTR FOR PETROL.
[now imagine what will happen to food prices]
The above should make your day Boz.
HM.
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