I would not put my money against it. |
The role of natural gas role in power generation is not a slam dunk. There are relative price, emissions and security issues to take into account. |
There are still a lot of people who don't have access to energy. The per capita consumption of energy is very low when you take in the entire population. The focus in countries like Vietnam is to get more electricity. |
When it comes to coal, progress is being made on reducing the CCS cost and as soon as it gets down from $100 now to around $40, the coal business will be able to say they we can deliver cheaper electricity and meet the CO2 requirements. |