why did i sell., page-7

coal "Experts are predicting China's coal consumption will balloon from 2.11 billion tons a year currently to 3.5 billion tons by 2020. The Energy Research Institute in Beijing is working feverishly to reduce this projection to around 3.0 billion tons.

But don't think this increased demand for coal is limited to just China. According to IEA's World Energy Outlook 2002, coal will continue to be a very important fossil energy source, accounting for about 25% of the total world primary energy supply/demand in 2030.

For example -- in India, about 75% of the coal consumed is for power generation and this trend will continue towards 2030. It's expected that India will have to import a large amount of coal from overseas to fill the gap between coal demand and domestic coal supply capacity.

In the United States, the picture is no different. Recently, GE, Siemens and Alstom, three of the world's big makers of turbines for electricity generation, told the Financial Times that they were seeing a shift in their orders to steam turbines for coal-fired utility plants from natural-gas turbines.

According to these three companies, coal-powered units will make up about 40% of all orders for electricity turbines in the next 10 years, with the share for natural gas-fired turbines falling to 25 - 30% of orders.

This projection for the next decade would be a huge shift in the market. That shift means big growth for coal demand. The U.S. Department of Energy's Energy Information Administration projects that coal consumption in the United States will climb a whopping 73% to 2.1 billion tons in 2030, from 1.2 billion tons in 2004.

This is not quite up there in the stratosphere with China, but it's still huge. The net result is more investment opportunities for you as the worldwide coal supply tightens and the bull market gains increasing momentum.

On a worldwide basis, the demand for coal exceeds supply, creating a huge investment opportunity. The world currently consumes 4,050 million tons of coal annually, but it produces only 4,030 million tons -- a shortage of 20 million tons.

Can you imagine the competition among the world's most powerful nations to insure that they have enough coal to keep their power plants and their economies running? This is the hidden opportunity in the current coal bull market -- especially in China."

Source: http://www.isecureonline.com/reports/WMP/EWMPG403/?o=362424&u=7218372&l=786443