Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: macavity who wrote (50349)	5/24/2004 8:20:22 AM
From: Seeker of Truth	Read Replies (3) of 74559

For some reason I can't understand almost nobody is paying any attention to the clean burning of coal. It is a long known reality in the lab. To develop it on an industrial scale of course would require big bucks, but not billions, maybe 50-100 million. The price is usually estimated to be about the same as oil at $40 per barrel. The Bush administration, faithful slave of the oil companies, of course has refused to give any grant in this direction. With clean burning coal one could stop consuming hydrocarbons to generate electricity. Maybe Europe or India or China will look into this. Anyway, I hold onto 1171.HK, the only listed Chinese coal stock.

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