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GEaston · 17-04-2013, 11:35

Agreed Ent. I cannot see why any country would take a natural resource out of the ground at a loss. To me that is throwing away my kids resources, worse in fact it was wasting taxpayer money to throw away those resources.

Buy foreign resources while they are cheaper than ours so we might actually get some value out of our own when they are scarce. Coal takes thousands of years to form and, like oil, it is not in endless supply. We have masses of the stuff so get to it when it's £100 a ton or more.

Similar thing happened to oil. I recall not so long ago when it was $13 a barrel and only the Saudis could get to it and sell it above cost. Now the world only about 40 years of oil left the price is going to go one way and it ain't down!

17-04-2013, 11:35	#194
GEaston Full Member Join Date: Mar 2013 Posts: 198 Liked: 46 times Rep Power: 65	Keeping Dead Industries Alive.... Agreed Ent. I cannot see why any country would take a natural resource out of the ground at a loss. To me that is throwing away my kids resources, worse in fact it was wasting taxpayer money to throw away those resources. Buy foreign resources while they are cheaper than ours so we might actually get some value out of our own when they are scarce. Coal takes thousands of years to form and, like oil, it is not in endless supply. We have masses of the stuff so get to it when it's £100 a ton or more. Similar thing happened to oil. I recall not so long ago when it was $13 a barrel and only the Saudis could get to it and sell it above cost. Now the world only about 40 years of oil left the price is going to go one way and it ain't down!