L and L Energy (fka LLEN)

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China’s Coal Price Rises as Drought Cuts Stockpiles

Heres some new articles talking about how the world demand for coal will continue to increase especially for China. This will help LLEN.

China’s Coal Price Rises as Drought Cuts Stockpiles
http://www.bloomberg.com/apps/news?sid=a...

China’s Energy Use Threatens Goals on Warming
http://www.nytimes.com/2010/05/07/busine...

Coal prices at Qinhuangdao, China’s largest port for the fuel, gained the most in more than four months as demand increased amid a drought in the southwest.

China and India will increasingly compete in the coal market, the China Daily has said.

In 2009, China and India accounted for 27 percent of the world’s total crude trade volume of 690 million tonnes, a stake which is set to rise.

“The growing potential for (coal imports) competition is inevitable,” the China Daily quoted Huang Teng, an international coal trade expert, as saying.

According to a recent U.S. Energy Department study, world coal consumption could increase by 65 percent between 2005 and 2030. Its share of world energy consumption could increase over that period from 27 percent to 29 percent.