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ueensland picks banks for A$7bn rail IPO Coal & China

Financial Times -- he planned listing of QR National – which is what the business will be called upon listing – will be managed by Credit Suisse, Goldman Sachs JB Were, Merrill Lynch, RBS Morgans and UBS. It comes at a time of huge investment in Queensland’s coal industry, which is expected to double production during the next decade as demand from China grows

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Submitted Mar 10, 2010 By: packards42

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WCCurtis Champion Author San Bernardino Posts:2,818 Points:881,125 Joined:Oct 2005	Message Posted: Mar 10, 2010 1:50:15 PM Ignore WCCurtis Report Abuse Here Obama and the Greenies are trying to destroy the Coal Industry while Australia is supporting it. Just think at one time the U.S.A. was the Capital of Capitalism.
condé Champion Author Michigan Posts:1,286 Points:1,295,705 Joined:Oct 2004	Message Posted: Mar 10, 2010 7:23:14 AM Ignore condé Report Abuse So much for those GREEN yo-yo's
BeaverBilly Champion Author Alberta Posts:4,784 Points:1,537,110 Joined:Feb 2003	Message Posted: Mar 10, 2010 6:17:03 AM Ignore BeaverBilly Report Abuse China is progressing way above North America.
JimL1 Champion Author Phoenix Posts:2,944 Points:376,095 Joined:Jul 2003	Message Posted: Mar 10, 2010 6:09:38 AM Ignore JimL1 Report Abuse Speculators are manipulators, not the only manipulators, but manipulators just the same.
JimL1 Champion Author Phoenix Posts:2,944 Points:376,095 Joined:Jul 2003	Message Posted: Mar 10, 2010 6:03:43 AM Ignore JimL1 Report Abuse Yes, I have been tracking speculator postings on this site for weeks. The least number of articles designed to increase speculation on any one day has been two. Today it is the highest ever with five out of five. Speculators tend to win more profits as more of those not deeply experienced in commodity speculation get into the game. It is very similar to a poker game in that respect. The new players/speculators normally get their clocks cleaned and the experienced players/speculators increase their winnings. Stirring up the frenzy of speculators increases the cost of fuel. Is this what we need on a site that is supposed to be dedicated to helping people find less expensive fuel?
DieselKat Champion Author Tennessee Posts:1,619 Points:1,376,060 Joined:Oct 2005	Message Posted: Mar 10, 2010 5:59:37 AM Ignore DieselKat Report Abuse If we did this in America the Communists would stop it and we would let them.
REVLAW Champion Author San Antonio Posts:5,226 Points:994,465 Joined:Jul 2007	Message Posted: Mar 10, 2010 5:58:46 AM Ignore REVLAW Report Abuse Wow! Now didn't that news just "make my day". And, JimL1 ... you are perceptive. Guess GasBuddy is "going on the take" ... no gate keeper ... no "fair and balanced" approach.
JimL1 Champion Author Phoenix Posts:2,944 Points:376,095 Joined:Jul 2003	Message Posted: Mar 10, 2010 5:54:19 AM Ignore JimL1 Report Abuse All five articles were put up by the same person, stpetebp . Is stpetebp a speculator? This question is valid since all articles on the Gas Buddy Blog/Recent News site today are designed to feed the speculator frenzy. 1)" Higher gasoline prices coming”, 2)“ Queensland picks banks for A$7bn rail IPO,” 3)“ Oil Struggles For Clear Direction From $81.50,” 4)" Tullow says profits have been hit by falling oil prices,” and 5)” OPEC President Vows to Reduce Oil-Price Speculation, Volatility.” The fifth article may be good news in the long run, but in the short, probably not. These articles are simply more attempts to stir up the frenzy of speculators. Stirring up the frenzy of speculators increases the cost of fuel. Is this what we need on a site that is supposed to be dedicated to helping people find less expensive fuel?
Jamer Champion Author Orange County Posts:3,797 Points:663,850 Joined:Jul 2002	Message Posted: Mar 10, 2010 5:53:55 AM Ignore Jamer Report Abuse China is becoming the Worlds powerhouse and we let it happen.
ky_commuter75 Champion Author Cincinnati Posts:2,568 Points:973,660 Joined:Jul 2005	Message Posted: Mar 10, 2010 5:52:07 AM Ignore ky_commuter75 Report Abuse and we are falling behind in the world in production.
smoketown Champion Author Cincinnati Posts:2,880 Points:597,260 Joined:Feb 2008	Message Posted: Mar 10, 2010 5:49:56 AM Ignore smoketown Report Abuse who cares what there name is????????
Chitowner Champion Author Omaha Posts:1,988 Points:556,485 Joined:Jul 2007	Message Posted: Mar 10, 2010 5:49:17 AM Ignore Chitowner Report Abuse I smell a China Bubble
MightyDude Champion Author Minnesota Posts:5,144 Points:1,634,745 Joined:Mar 2003	Message Posted: Mar 10, 2010 5:49:16 AM Ignore MightyDude Report Abuse i am so excited i could just...
MahopacJack Champion Author New York Posts:2,735 Points:684,425 Joined:Feb 2008	Message Posted: Mar 10, 2010 5:48:49 AM Ignore MahopacJack Report Abuse In the list of "banks" are Goldman Sachs, Merrill Lynch and UBS. Weren't these bailed out by us? To perform this transaction, don't they need to be investment banks? Investment banks expose themselves to much riskier investments. Are we AGAIN exposing our taxpayers money to risky projects?
REKEY Champion Author South Carolina Posts:3,442 Points:690,625 Joined:May 2008	Message Posted: Mar 10, 2010 5:48:15 AM Ignore REKEY Report Abuse Pretty soon China will have all the oil, gas & coal around. Where are their reserves?
foxups Champion Author Toledo Posts:3,252 Points:645,060 Joined:Feb 2004	Message Posted: Mar 10, 2010 5:47:08 AM Ignore foxups Report Abuse see the light
QueenMother Champion Author New Hampshire Posts:2,538 Points:1,183,710 Joined:May 2006	Message Posted: Mar 10, 2010 5:46:41 AM Ignore QueenMother Report Abuse I'd like to know how this affects us.
sdhuper Sophomore Author Toronto Posts:174 Points:68,615 Joined:Dec 2009	Message Posted: Mar 10, 2010 5:46:11 AM Ignore sdhuper Report Abuse rvn4me did not get the facts right, US is far behind in doing anything about greenhouse gases. in fact US has opposed any form of agreement so far
braves89 Champion Author Chicago Posts:2,560 Points:618,795 Joined:Apr 2008	Message Posted: Mar 10, 2010 5:45:44 AM Ignore braves89 Report Abuse at least China's government is trying to save their country money
rippinusoff Champion Author Lexington Posts:2,284 Points:475,840 Joined:May 2007	Message Posted: Mar 10, 2010 5:45:41 AM Ignore rippinusoff Report Abuse good
Zuman Champion Author New York Posts:1,314 Points:926,415 Joined:May 2005	Message Posted: Mar 10, 2010 5:45:32 AM Ignore Zuman Report Abuse It must be nice to live in china.
Tnerbeel Champion Author Houston Posts:3,554 Points:738,235 Joined:Mar 2007	Message Posted: Mar 10, 2010 5:45:11 AM Ignore Tnerbeel Report Abuse This is pertinent to us here why?
goldilox88 Champion Author Montreal Posts:2,053 Points:584,980 Joined:Jun 2008	Message Posted: Mar 10, 2010 5:44:58 AM Ignore goldilox88 Report Abuse lucky banks,
unicornpmb Champion Author Buffalo Posts:3,337 Points:612,800 Joined:Sep 2005	Message Posted: Mar 10, 2010 5:42:27 AM Ignore unicornpmb Report Abuse Coal for China sounds good to me.
TomT2Lee Champion Author Cincinnati Posts:3,470 Points:1,091,790 Joined:Sep 2005	Message Posted: Mar 10, 2010 5:41:44 AM Ignore TomT2Lee Report Abuse While the capitol hill energy source is toxic and dirty, it would still be great to harness all that hot air and bio-matter that they produce and get something from the government for taking our tax dollars.
civicdutie Champion Author Rochester Posts:2,510 Points:507,750 Joined:Nov 2008	Message Posted: Mar 10, 2010 5:40:07 AM Ignore civicdutie Report Abuse China is the freight train running (growing) out of control. A collapse in their economy will be the next big bomb.
GasholeMI Champion Author Lansing Posts:5,094 Points:722,265 Joined:Jul 2008	Message Posted: Mar 10, 2010 5:40:04 AM Ignore GasholeMI Report Abuse Maybe we can swap China coal for oil.
rvn4me Champion Author Texas Posts:1,814 Points:518,825 Joined:Jan 2009	Message Posted: Mar 10, 2010 5:38:07 AM Ignore rvn4me Report Abuse Other countries ar not worried about dirty fuel. Our administration is going to try and save the world from greenhouse gas and we are going to foot the bill.
Rick01 Champion Author Utah Posts:3,830 Points:1,375,090 Joined:Sep 2005	Message Posted: Mar 10, 2010 5:36:52 AM Ignore Rick01 Report Abuse Good for their pocket books, bad for the rest of us that want to breath clean air!
WonderfulMI Champion Author Michigan Posts:5,630 Points:770,800 Joined:Jun 2008	Message Posted: Mar 10, 2010 5:33:22 AM Ignore WonderfulMI Report Abuse Coal is a dirty fuel.
jppezz Champion Author New Mexico Posts:3,433 Points:675,580 Joined:Jun 2008	Message Posted: Mar 10, 2010 5:28:10 AM Ignore jppezz Report Abuse Sell China our coal because we aren't allowed to use it.
TeachR06 Champion Author Raleigh Posts:3,535 Points:1,009,660 Joined:Sep 2006	Message Posted: Mar 10, 2010 5:28:02 AM Ignore TeachR06 Report Abuse Sounds like a cartel.
jimraehl Champion Author Utah Posts:1,982 Points:630,040 Joined:Sep 2008	Message Posted: Mar 10, 2010 5:25:28 AM Ignore jimraehl Report Abuse This cartel should be broken up. It's like the diamond cartel, which has artificially inflated diamond prices for many decades.
TheSnowstorm Champion Author Montreal Posts:4,273 Points:968,730 Joined:June 2005	Message Posted: Mar 10, 2010 5:25:23 AM Ignore TheSnowstorm Report Abuse China is looking for cheap energy sources, namely coal and they don't care about pollution. The two "dirtiest" places on Earth (from a pollution standpoint are China and India). Instead of looking for cleaner sources of energy, they are simply looking for the cheapest. This is great news for Australia, namely in increased coal exports and increased livelihood for the railways required to transport it to port, for export. The unfortunate part is that it is going to China, whose pollution policies are pathetic at best and not enforced. Their disregard in this matter is what is tipping the scales and negating the efforts of all other countries that are making the effort to reduce pollution and look for cleaner, renewable forms of energy to power their industries.
Hangnail309 Champion Author Manitoba Posts:1,270 Points:720,760 Joined:Aug 2006	Message Posted: Mar 10, 2010 5:25:19 AM Ignore Hangnail309 Report Abuse How does that affect the price of oil?
MertieMan Champion Author Lexington Posts:9,632 Points:1,879,685 Joined:May 2005	Message Posted: Mar 10, 2010 5:23:19 AM Ignore MertieMan Report Abuse Anything that Goldman Sachs is involved with has to be a crooked deal from the start.
BobD2009 Champion Author Long Island Posts:1,712 Points:226,505 Joined:Apr 2009	Message Posted: Mar 10, 2010 5:21:15 AM Ignore BobD2009 Report Abuse I guess we will have more job loses in our coal industry. Everyone else is growing an we are shrinking, will anybody have a job in the USA at this rate.
biza4u Champion Author New Haven Posts:3,416 Points:618,880 Joined:Jan 2007	Message Posted: Mar 10, 2010 5:21:04 AM Ignore biza4u Report Abuse How does that affect us here
afghaned Champion Author Hamilton Posts:3,998 Points:272,200 Joined:May 2004	Message Posted: Mar 10, 2010 5:20:59 AM Ignore afghaned Report Abuse Isn't coal fired power generation cleaner now. It's not as clean as hydro or nuclear.
turbosaab Champion Author Cleveland Posts:8,559 Points:1,397,115 Joined:Sep 2006	Message Posted: Mar 10, 2010 5:18:32 AM Ignore turbosaab Report Abuse At least someone recognizes the value of coal. Perhaps now that AGW has been proven to be a fraud, this country will develop a reasonable energy policy.
Beau2140 Champion Author New York Posts:3,165 Points:642,910 Joined:Oct 2008	Message Posted: Mar 10, 2010 5:17:58 AM Ignore Beau2140 Report Abuse Let China have the coal.
TerryLee Champion Author Ohio Posts:11,192 Points:2,105,340 Joined:Mar 2004	Message Posted: Mar 10, 2010 5:15:37 AM Ignore TerryLee Report Abuse maybe it's Green Coal
rocket_ron Champion Author Grand Rapids Posts:1,231 Points:1,006,035 Joined:Jul 2006	Message Posted: Mar 10, 2010 5:12:17 AM Ignore rocket_ron Report Abuse So much for China's green movement posted in a previous article. It looks like they are increasing their power capacity using coal.
9C1 Champion Author Chicago Posts:17,479 Points:3,240,070 Joined:Jul 2001	Message Posted: Mar 10, 2010 5:11:17 AM Ignore 9C1 Report Abuse Coal for Austraila
Masercal Champion Author Michigan Posts:3,610 Points:780,740 Joined:Oct 2007	Message Posted: Mar 10, 2010 5:10:28 AM Ignore Masercal Report Abuse Expanded use of coal will no doubt push climate change over the brink in the next couple of decades. Continue to conserve and make the move to renewable and alternative energy today.
Fitwit Champion Author Stockton Posts:1,988 Points:418,565 Joined:May 2009	Message Posted: Mar 10, 2010 5:10:22 AM Ignore Fitwit Report Abuse Another boring Stockmarket article. Not all of us own or will own stock. Boring.
PurduePete86 All-Star Author Indiana Posts:886 Points:619,310 Joined:Apr 2007	Message Posted: Mar 10, 2010 5:10:16 AM Ignore PurduePete86 Report Abuse China is very much into cheap energy. Coal is the cheapest, and China doesn't care how dirty it is.
dabayer All-Star Author New Hampshire Posts:613 Points:207,610 Joined:Oct 2005	Message Posted: Mar 10, 2010 5:08:50 AM Ignore dabayer Report Abuse Ok, Queensland (Australia?) and coal - What's the connection to Gas prices?
CSharpGuy Champion Author Colorado Springs Posts:4,363 Points:887,035 Joined:Jan 2008	Message Posted: Mar 10, 2010 5:08:17 AM Ignore CSharpGuy Report Abuse Let China go for coal instead of oil.
ironbox_sara Champion Author Albany Posts:4,520 Points:1,258,025 Joined:Mar 2006	Message Posted: Mar 10, 2010 5:02:11 AM Ignore ironbox_sara Report Abuse Now that's a tough read.