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Coal to overtake oil by 2017: IEA

Posted on 08 January 2013

More than 8,000 jobs have been stripped from Australia’s coal sector in the past 6 months and heading into 2013 the industry continues to feel the pressure. Australian coal companies are struggling to compete on the global stage, facing increasing competition from the United States, a drop in coal prices, a high Aussie dollar and rising operation costs.
However, some are hoping that India’s crippling energy problems and hunger for coal will bring Australia’s coal industry out of these dark days………………………………………..Full Article: Source


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VRS - who has written 38164 posts on Opalesque Commodities Briefing.


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