Oil did move up overnight in the futures market to US$71.94. And locally, there was more positive news for energy and energy stocks. Bloomberg reports that, “LNG sales from Australia’s biggest resources project may reach A$300 billion over its first 20 years.”
September 11th, 2009 | Dan Denning | 2 comments | ContinuedAll Posts Tagged With: "coal"
Last Decade: Buy Gold, This Decade: Buy Energy
It’s not technically a new decade yet. But if the trade of the last decade was to sell stocks and buy gold, then maybe the best trade for the next ten years is to sell bonds and buy energy. Gas, coal, oil, conventional, unconventional, renewable, alternative. You have a whole portfolio of choices.
June 10th, 2009 | Dan Denning | 10 comments | Continued
Latest Energy Bull Market Won’t Be Confined to Crude Oil
That said, coal stocks stand to lose the most from cap-and-trade or emissions trading schemes that put a price on carbon dioxide. Even so, there ARE plenty of unconventional hydrocarbons out there that can provide transportation fuel or gas streams for turbines to generate electricity.
May 25th, 2009 | Dan Denning | 1 comment | Continued
Uranium: A Carbon-friendly Substitute for Coal
You don’t have to worry about a uranium supply glut quite yet, though. It’s a subject we’ve been covering over at Diggers and Drillers. There are other, smaller ore bodies that could enter into production if the uranium industry ever gets off the ground in Queensland.
May 22nd, 2009 | Dan Denning | 4 comments | Continued
Australia’s Next Big Export Industry
It may seem like a strange time to be talking up the resources sector, but while everyone else is running away I’m nipping in through a side door to get onboard one specific area of the resources industry. I’m talking about energy. But it’s not oil that’s grabbed my attention. It’s something much more exciting and potentially much more profitable than that. So profitable in fact, that it could soon be Australia’s single largest export industry…
January 28th, 2009 | Kris Sayce | 4 comments | Continued
$40 Barrel of Oil for Christmas
Stuck for Christmas gift ideas? Why not try a barrel of oil? You can get one for around US$40 these days. That’s 54% lower than this time last year and 72% below the price on July 14th ($145.16). True, a big barrel of West Texas Intermediate crude oil might be hard to fit under a Christmas tree. And it’s probably a fire hazard. But it also makes an excellent end table or lectern…
December 8th, 2008 | Dan Denning | 7 comments | Continued
CNOOC Signs Agreement With Altona (LON: ANR) for Coal to Liquids Project
Altona Resources Plc (LON: ANR), listed on London’s small cap market, has signed what it calls an ‘in-principle agreement’ with CNOOC Energy Investment Co Ltd to cooperate in the development of a project Altona has in the Ackaringa Basin of SA. It’s an ambitious project too. The project includes a 10 million barrel per year (30kbpd) open cut mine and a 560 megawatt power plant.
August 20th, 2008 | Dan Denning | 1 comment | Continued
Quotes on Coal and Oil from Stupid Politicians
How incompetent are Western policy makers on energy? The first step on the road to incompetence begins with economic illiteracy. Controlling the “means of production” does not guarantee that things actually get produced. It just guarantees lower investment over time and ultimately, a poorer country.
June 20th, 2008 | Dan Denning | 5 comments | Continued
Rising Coal Prices to Increase Electric Bills in Australia
You’d better get ready for more expensive kilowatts soon. Electricity prices are going to “recouple” with soaring natural gas and coal prices. And here we thought cheap energy was a modern birthright. Australia gets 80% of its electricity from coal. That’s because the country has a lot of it. But there are two reasons why your electric bill could be going up. First, global coal prices are headed higher. Electricity producers – unless they own coal – will pay a higher market price for brown and black coal.
June 19th, 2008 | Dan Denning | 1 comment | Continued
Chinese Steel Price to Rise in Wake of Coal and Iron Price Hike
What a spectacle in the energy and resource markets. The deep-freeze in the iron ore negotiations between Aussie producers and Chinese steel makers appears to be thawing. Yesterday’s Financial Review reports that the number we’ve all been waiting for here is: eighty five. That’s the percentage increase in the annual iron ore contract price Aussie producers charge major Chinese steel makers.
May 7th, 2008 | Dan Denning | 3 comments | Continued