Monday, August 23, 2010

How do you think the price of crude oil influences the markets for coal and natural gas?

by now china is exploring wider use of coal as the price of oil is increasing. their own oil production is insufficient to meet demands. natural gas has been around for sometime and its use widens. the oil producing countries still hv a strong hold and strangle hold on prices. it will not go down and it is inevitable tt oil giants will realize tt we r not going to pay a high price. as long as these oil giants remain strong, alternative energy will still be a lip service. coal tho dirty is still in abundant supply. so there maybe a rebirth for it and possibly new tech to contain its soot?How do you think the price of crude oil influences the markets for coal and natural gas?
Substitution effects. As the price of oil rises, coal and gas will be substituted so the demand for those will rise causing prices to rise.How do you think the price of crude oil influences the markets for coal and natural gas?
It encourages them to move their prices up. To stay just under the price of oil. Always trying to come forward as the better choice energy because the price is cheaper. Even the price of wood per cord has gone up. Still cheaper than oil but high. Also the price of pellets for pellet stoves have gone up.


They like to refer to such prices as ';what the market will bare';. It's just another way for all these energy sources to get in line to rip the public off.

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