Scary oil profits indeed BigR. How about iron ore and by association metallurgical coal, as from the quote below from SMH's Malcolm Maiden a few days ago:
"Evans and Partners estimates Australian iron ore production will rise from 373 million tonnes a year in 2008 to a staggering 1.1 billion tonnes a year by 2014; Murchison-Midwest's share this year will be 2 million tonnes, and in 2014 the expected share is 40 million tonnes, or 3.6 per cent. The Pilbara will account for 95 per cent this year, and for 77 per cent in 2014."
Let me repeat 1.1 billion tonnes, how much would BHP's share be? Scary thoughts, scary profits. Kloppers to continue hammering the huge energy differential of Pilbara iron.
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