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BiotechValues

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BiotechValues

Re: Florinda post# 20293

Tuesday, 12/29/2009 10:54:07 AM

Tuesday, December 29, 2009 10:54:07 AM

Post# of 94785
Florinda
re: "A worry for Chinese coal plays?"

Not in the least.

Coal use is going to increase over the next decade to meet China's energy demands- they're still building (more efficient) coal fired power plants at breakneck speed and Goldaman Sachs says the demand for coal (and coal pricing) is going to steadily increase into 2010.

China has to use every means for power generation it has at it's disposal.

Finally, when steel mills can run off lithium batteries and solar panels, I'll sell my PUDA coal, lol.

“The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”

Warren Buffett

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