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"The update highlights the plan formulated by BHP Billiton for its coal business to enhance returns by reducing costs, increasing productivity and releasing latent capacity. The company has been working to build a strong portfolio to endure the negative impact of challenging market conditions. We appreciate BHP Billiton’s efforts to improve its coal business. Nonetheless, the outlook for the coal sector remains bleak, with a slowdown in some developing and emerging economies supressing demand." Beaufort's view out this morning on research tree
So what has happened to all those learned people who talked about peak oil a few years ago
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