RE: RE: goodforu11
Sumosalar,
I agree with you that coal is going to be with us for a long time.
There still are too many problems with 'greening' the world.
Even in manufacturing 'green technology'...
in recent weeks a major European 'wind turbine' manufacturer,
closed its doors to manufacturing in Europe in order to shift production to the far east.
There is also still alot of NIMBY (not in my backyard) feelings towards green technology like
windmills, and water generators.
Technology still needs to advance itself alot more to see true benefits of the green revelation.
In the mean time, coal and oil are reliable, and are still easily accessible.
IMO, this is the time of year to shift focus toward seasonal commodities,
like Coal and Natural Gas.
Demand increases in the fall and winter, due to weather related factors.
Natural Gas prices are still near multi-year lows,
as well as a climbing coal price to add to the seasonal demand for more electricity...
Considering that over a BILLION TONS of Bituminous coal was used for electricity alone last year,
(thats about 4 tons per person)....
the price of Bituminous coal will probably go up much further and faster
than the coal for industrial use, because
North America is still contending with slow industrial demand.
I believe we will see NAG trading at a much higher share in the coming weeks and months.
riddlethis