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To: Sarmad Y. Hermiz who wrote (109274)9/30/2000 8:25:10 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Sarmad: China's burns coal because it is cheap, not because they lack technology per se. We burn oil because it is cheap. Only higher prices lead to technology development and substitution -- nothing else works. BTW -- China has lots of coal -- and they will devastate the environment of the whole region if the price of coal is set at the price of extraction plus return on invested capital.