Crude Oil Board

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

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.

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