GREY:CPYCF - Post by User
Comment by
bestguesstooon Jul 11, 2012 3:11am
157 Views
Post# 20100936
RE: RE: Postive On CEC? Seriously?
RE: RE: Postive On CEC? Seriously? Interesting, that the price you are quoting, the Wood Mackenzie forecast, is showing a decrease and then very slow rise in coal price until 2035. That seems contrdictory in light of the increase in consumption projected by the US Energy Information Administration forecast. see https://205.254.135.7/forecasts/ieo/coal.cfm
Also, look at the chart below. My crystal ball is probably not anywhere as clear as theirs but basic economics tells me the price should rise with increasing demand unless the supply rises at the same rate. If the supply is to increase that means more coal mining doesn't it? What am I missing here?
All of the available data can be confusing and misleading if not interpreted properly.