irvinehomeowner
Well-known member
So funny that morekaos doesn't get that momo's comment doesn't really support his "China needs US for energy" manifesto.
Oil
- Thread starter eyephone
- Start date
NEW -> Contingent Buyer Assistance Program
Back in 2020-early 2023 when China blocked AU coal imports, US stepped in the fill the gap. Companies like HCC’s stock tripled.
While China may not absolutely “need” coal from US, the sheer volume of purchase can change the fortunes of an Appalachian coal mining company in a big way.
momopi
Well-known member
The type of coal or oil has significant impact on the producer’s fortunes.
Venezuela has one of the largest oil deposits, but their economy is crap partly because their oil is basically tar (extra heavy crude). In order to pump it through a pipe they have to add 30% dilutents which is mostly imported.
In comparison 70% of Saudi oil depots is light crude and easily transported & refined into gasoline.
If Venezuela’s oil reserve was light sweet crude, they’d have been a more successful petrolstate, at least until the money runs out.
Appalachian coke coal requires special processing by coking plant operators like SXC and CLF. An increase in coke coal export to China may also lift their stock price in short term.
I believe the largest American coke coal refinery is now owned by the Japanese (Nippon Steel).
Venezuela has one of the largest oil deposits, but their economy is crap partly because their oil is basically tar (extra heavy crude). In order to pump it through a pipe they have to add 30% dilutents which is mostly imported.
In comparison 70% of Saudi oil depots is light crude and easily transported & refined into gasoline.
If Venezuela’s oil reserve was light sweet crude, they’d have been a more successful petrolstate, at least until the money runs out.
Appalachian coke coal requires special processing by coking plant operators like SXC and CLF. An increase in coke coal export to China may also lift their stock price in short term.
I believe the largest American coke coal refinery is now owned by the Japanese (Nippon Steel).
momopi
Well-known member
Back in 2020-early 2023 when China blocked AU coal imports, US stepped in the fill the gap. Companies like HCC’s stock tripled.
While China may not absolutely “need” coal from US, the sheer volume of purchase can change the fortunes of an Appalachian coal mining company in a big way.
Last edited: