People won't like that observation but you are right on the money.
There is a strong possibility that oil will continue to fall for a while longer yet and when it recovers it will have to contend with much lower demand growth.
Coal is an industry in decline but I forecast it will come back over time as coal to oil/gas conversion technology improves to a point where it just may make oil exploration almost extinct.
That type of disruptive technology will change huge areas of mining and industry.
volume today, page-19
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Last
0.3¢ |
Change
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Mkt cap ! $86.67M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $15.57K | 7.228M |
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| No. | Vol. | Price($) |
|---|---|---|
| 101 | 156421343 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 573323665 | 175 |
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| 88E (ASX) Chart |