Don't bet on that, they are signing deals now in a big way to develop coal resources for future energy needs using a new process called UCG ...underground coal gasification. This process uses the underground coal seam cavity with oxident fuel mixture well pumped in at one end, the coal is fired to temps for the reaction to turn it into gas released via a second well head to capture the gasification released. The process release energy from coal at 80% efficiency capture far greater than traditional above ground coal gasification process. The resulting gas is pumped to the elec power generator station via pipeline. The beauty of UCG is access to previous un-mineable coal resources too deep to mine, or too remote to access via traditional methods. Read all about it LINC ENERGY. Ltd. (Australia) is the world leader in this process and just recently has signed the deals with China, along with India, U.K., Poland, Vietnam, and other regions of the world.
Known coal resources are found around the world to support energy needs for 100 years. This process literally doubles the resource potential to 200 years due to it's ability to access coal that could never be mined.
Testing will begin in the next 24 to18 months to acces sub-sea coal resources in the north sea.......never before has this been done, retrieving coal energy from below the ocean from gasification methods. I have three weeks of DD research into Linc Energy with a 17 page report I gave my advisor this morning. OTC: LNCYF
ASX: LNC.......I would suggest in a strong way that you look into this company and BUY NOW. The icing on the cake, they have discovered the largest shale oil deposit on the earth in Queensland, called the Arckaringa Basin. LInc Energy owns 100% of the leases covering over 90% of the basin with shale gas recovery at very high quality from the spud wells. Info was just released on this find early January 2013....partners are being lined up now by Barclays Bank.