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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (7015)	2/3/2008 4:21:15 PM
From: the navigator	Read Replies (1) \| Respond to of 24235

Maybe try and get the doc to watch the DVD. At this point, I'm cynically using my sister as my indicator. When she wakes up, I know it's time to do those things I've been procrastinating about, like selling our 2001 Camry that we bought new and have babied beyond belief. It has < 60,000 miles and no door dings. In a "normal" world, we don't drive enough to justify replacing it, and we'd probably keep it forever. But in a Peak Oil world, we'll need something that can boast 40+ or higher MPG. I don't want to buy new for a couple of reasons and we'll be satisfied with buying a used diesel vehicle with high MPG. My sweet sister is firmly entrenched in her "normal" world. She knows where I'm living and when it's time, I'll answer all her questions. I'll let you know when she wakes up. P.S. the guy that Brinker had on has recently one some kind of Peak Oil award, I just missed the beginning so don't have the particulars. Interesting couple of observations: 1. Brinker sells his radio show on his site. 2. There are 3 threads that discuss Bob Brinker on SI and none of them are talking about yesterday's show! (at least none that I could find.)

To: Wharf Rat who wrote (7015)	2/4/2008 4:20:42 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 24235

Coal prices may triple as supply crisis deepens by David Strahan Coal prices are predicted to hit $300 per tonne this week, a threefold rise that eclipses even the most bullish forecasts made just a few days ago. Experts say there is still no ceiling in sight and predict further upward pressure on European power prices. Last week Gerard McCloskey, publisher of McCloskey’s Coal Report, suggested that the export price of Australian steam coal, then trading at about $115 per tonne, might rise to $150. Last Friday it jumped to $140, leapfrogging the prevailing European import price, which includes transport and insurance costs. “We’ve never seen anything like it”, says McCloskey in an update interview with lastoilshock.com and Global Public Media, “and there’s no reason to believe that’s the end of the story”. The price of coking coal has risen even more dramatically. Last week McCloskey suggested the spot price might almost double to $210, but by Friday one multi-vessel deal had been struck at $270. McCloskey now expects the price to hit $300 this week. “People should be really worried; this is going to fuel inflation”. Most coking coal is traded under annual contracts, and the current contract price is $98, but the contracts are about to be renegotiated. McCloskey says the shortage of coking coal will persist for years, until the expansion of Australian rail and port capacity catches up with demand. Steam coal prices, which have soared following severe weather in China and the power crisis in South Africa, may fall back if the US is able to divert supplies into the Atlantic market – although it is unclear if they have the transport capacity either. “I think we will see these very high price levels for at least 6 months”, says McCloskey. Even at the current prices, steam coal is still cheaper than heavy fuel oil or natural gas alternatives, says McCloskey, so electricity prices should not rise in most economies. However in the more competitive power markets of the UK and Europe, upward pressure on electricity prices is “inescapable”. Although the immediate causes of the coal market chaos are above ground – weather, mining and transport capacity - there is a growing body of opinion coal production could reach its geological limits much sooner than commonly expected. See The great coal hole , at lastoilshock.com siliconinvestor.com. === Iran oil bourse scheduled by Staff EB reader BB writes: Iran was scheduled to inaugurate its Oil Bourse this coming week. That probably isn't going to happen because all internet access in Iran was cut over the weekend (the undersea cables were chopped). This was mentioned on Wikipedia for a day... but now the article links and coverage have disappeared. Iran is in total internet blackout at the moment. Any further information is appreciated. energybulletin.net