Producers are going to be supplying more to the domestic market, where demand is surging because three new power plants are starting up this year. Local consumption may reach 35 percent of total output next year compared with 30 percent this year.

227

When crude oil is above $26 a barrel, it makes economic sense to convert coal.

182

Investment in exploration is almost non-existent. Meanwhile, all the discovered deposits will be depleted in time.

148