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| correlation between oil, natural gas, and coal price http://www.oil-price.net/forum/viewtopic.php?f=1&t=126 |
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| Author: | all_spark [ Thu Nov 08, 2007 9:17 am ] |
| Post subject: | correlation between oil, natural gas, and coal price |
Hi, I need to know about how does the increase in oil price affects other type of energy source such as natural gas and coal. can anybody show me infos/link about the relationship between oil price, natural gas price and coal price? thanks in advance, gunawan |
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| Author: | SolarWindWavetech [ Sun Nov 11, 2007 4:08 pm ] |
| Post subject: | relationship between oil price, natural gas price and coal? |
As the price of oil goes up there is more demand for alternatives thus shortages. Prices should go up for gas and coal. <IMHO> Other energy sources such as Solar should go down due to demand in the same way computers have become more efficient and cheaper to purchase. Fslr solar (not one that I have stock in, but wish I had purchased when it was in the $20's, now over $200) has almost reached grid parity with gas. (Present grid Parity is around $1 per watt.) Once Crude goes over $100 a barrel much more investment in Solar, Wind and Wave tech will increase. I say increase due to that fact that Trillions are already being invested in in Solar, Wind and Wave tech. |
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| Author: | steve.austin [ Thu Nov 22, 2007 1:08 am ] |
| Post subject: | Re: correlation between oil, natural gas, and coal price |
all_spark wrote: Hi,
I need to know about how does the increase in oil price affects other type of energy source such as natural gas and coal. can anybody show me infos/link about the relationship between oil price, natural gas price and coal price? thanks in advance, gunawan Interesting question All_spark. The current forecast is: - coal consumption worldwide will increase 73% by 2030 - oil consumption will increase 32% but its share in demand will decrease to 32% - natural gas' share will increase to 22%. Overall it is predicted that coal will offset some of the decline in oil and gas production. Currently for every $4 spent in the oil and gas chain, $1 goes towards meeting oil demand, while $3 is spent on prospection and extraction to palliate the declining production. Here are two articles of interest: http://www.iea.org/Textbase/npsum/WEO2007SUM.pdf http://www.iea.org/textbase/press/pressdetail.asp?PRESS_REL_ID=239 Steve Austin |
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