#Australia: Coal generates a bountiful trade surplus. Scott Mayman, CBS News.

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🗓️ 8 July 2023

⏱️ 9 minutes

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#Australia: Coal generates a bountiful trade surplus. Scott Mayman, CBS News.
https://oilprice.com/Latest-Energy-News/World-News/Energy-Exports-Boost-Australias-Trade-Surplus.html

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0:00.0	This is CBSI on the World, I'm John Batshire, to Australia.
0:09.2	The news from Bloomberg.
0:11.0	Australia on track to record a sixth year of trade surpluses, and its government projects
0:17.3	exports of coal will climb for at least the next three years on rising demand from India
0:24.0	and Southeast Asia.
0:25.8	To help me with this story, I welcome Scott Maaman of CBS News.
0:29.2	He is in Brisbane, Queensland, but we're looking at the best coal there is in Asia, maybe
0:36.0	the best coal in the world, and the demand is very high, despite the fact, or ironically
0:42.0	matching the fact, that Australia's government is aggressive about green technology.
0:47.7	Scott, a very good evening to you.
0:49.5	Good for Australia.
0:51.5	Trade surpluses.
0:52.8	What is the reception in Brisbane, in Canberra, in Melbourne?
0:57.4	Good evening to you.
0:58.4	Good day, John.
0:59.4	It's twofold.
1:00.4	Let me begin.
1:01.4	Sure, the government's going to be happy with all these surpluses that come in, and
1:06.9	the coal export is going to be happy.
1:09.1	They're going to be making money hand over fist.
1:12.9	What is not good?
1:14.8	This does not sit well because in Australia, two months ago, we had our federal budget
	...

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