TRADELINE LIVE CRUDE OIL UPDATE :
COLUMN-Crude oil, natural gas may be about to repeat coal's hubris: Russell
Oct 2 The crude oil and natural gas industries believe they have got their mojo back, with the overwhelming impression gained at two recent conferences that the future is indeed bullish.
It was hard to find any downbeat delegates at last week's Asia Pacific Petroleum Conference, the region's largest annual event, or at the well-attended GasTech in Barcelona the prior week.
However, one advantage of having been around the commodity sector for what seems like ages is that sometimes one can get a sense of deja vu.
The crude and natural gas industries today sound remarkably similar to the coal industry of a decade ago.
In the recovery from the 2008 global recession, the coal industry found itself in the happy place of being in strong demand to fuel robust economic growth in China and India, the two fast-growing economies that displaced Japan as the region's top importer of the polluting fuel.
www.tradelinecommodity.com
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COLUMN-Crude oil, natural gas may be about to repeat coal's hubris: Russell
Oct 2 The crude oil and natural gas industries believe they have got their mojo back, with the overwhelming impression gained at two recent conferences that the future is indeed bullish.
It was hard to find any downbeat delegates at last week's Asia Pacific Petroleum Conference, the region's largest annual event, or at the well-attended GasTech in Barcelona the prior week.
However, one advantage of having been around the commodity sector for what seems like ages is that sometimes one can get a sense of deja vu.
The crude and natural gas industries today sound remarkably similar to the coal industry of a decade ago.
In the recovery from the 2008 global recession, the coal industry found itself in the happy place of being in strong demand to fuel robust economic growth in China and India, the two fast-growing economies that displaced Japan as the region's top importer of the polluting fuel.
www.tradelinecommodity.com
India's No.1mcx Tips Provider
Missed Call @:/8057046270/8057690837
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