• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 39 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 1 day Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 12 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 2 hours CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 21 hours NordStream2
  • 1 hour OPEC+ Expects Large Oil Glut In Early 2022
  • 4 hours Ukrainian Maidan after 8 years
  • 36 mins Forecasts for Natural Gas
  • 3 days "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 21 hours Big Bounce: Russian gas amid market tightness - new report by Oxford Institute for Energy Studies
U.S. Coal Is Making A Transitory Comeback

U.S. Coal Is Making A Transitory Comeback

While the U.S. Administration is…

COP26 Ends Without Deal To Phase Out Coal

COP26 Ends Without Deal To Phase Out Coal

The COP26 climate change summit…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

Another Reason to Keep Watching Asian Coal

I've been saying for awhile that Asian coal is the place to be.

Yet another indicator this week. Thai energy major PTT announced a deal yesterday to buy Australia's Straits Resources for $550 million.

Straits' assets are... Asian (or Asian-shipable) coal deposits. Indonesia, Brunei and Madagascar. (The latter which I mentioned in a previous letter will be a hotspot for coal. You've been warned.)

Seeing Thailand step into the fray shows just how many Asian players are desperately seeking coal supply. Add this to China, Japan and lately India (where nearly 40% of coal-fired power plants are now running on "critical" levels of coal stockpiles, according to the Central Electricity Authority).

This is a trend that's just getting started. Good coal assets in the Asian sphere are getting very, very valuable.

By. Dave Forest of Notela Resources


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Anonymous on November 15 2010 said:
    Very interesting, because I have started polishing up some coal materials in my new energy economics textbook. And by the way, I thought that China was only interested in solar and wind...n'est pas.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News