Forget peak oil we havent even hit peak coal yet

Deplorable Yankee

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Feb 7, 2019
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Despite all the heavy dissemination of narratives and talking points about a “climate emergency” and the “energy transition” during 2021, the ongoing economic recovery from the COVID-19 pandemic proves that the world still heavily relies on fossil fuels to provide its constantly growing energy needs. Indeed, as the pushers of Peak Oil demand theory try in vain to revive their own always-wrong narrative, it now appears that the world has yet to even meet the peak of demand for the least environmentally friendly fuel of all, coal.

This is especially true in China, India and much of Asia, where thousands of coal-fired power plants have seen record usage levels in the face of a major heat wave this summer. Bloomberg reported last week that China’s enormous demand for coal this summer has caused commodity prices to spike to the highest level seen in 2 months, briefly climbing above 900 yuan/ton (roughly $139.31 at current exchange rates) on Friday.

The global futures price for coal set a new record high in May as supplies ran low. Australian coal - China’s main international supplier - hit $150 per ton in July, the highest level seen since 2008. The demand is so high in China that it has even led to implementation of electricity rationing in some parts of the country as supplies run short.

Pretty good read

From Forbes no less ...Forbes is all in with the man made globo homo warming watermelon cult
 
Despite all the heavy dissemination of narratives and talking points about a “climate emergency” and the “energy transition” during 2021, the ongoing economic recovery from the COVID-19 pandemic proves that the world still heavily relies on fossil fuels to provide its constantly growing energy needs. Indeed, as the pushers of Peak Oil demand theory try in vain to revive their own always-wrong narrative, it now appears that the world has yet to even meet the peak of demand for the least environmentally friendly fuel of all, coal.

This is especially true in China, India and much of Asia, where thousands of coal-fired power plants have seen record usage levels in the face of a major heat wave this summer. Bloomberg reported last week that China’s enormous demand for coal this summer has caused commodity prices to spike to the highest level seen in 2 months, briefly climbing above 900 yuan/ton (roughly $139.31 at current exchange rates) on Friday.

The global futures price for coal set a new record high in May as supplies ran low. Australian coal - China’s main international supplier - hit $150 per ton in July, the highest level seen since 2008. The demand is so high in China that it has even led to implementation of electricity rationing in some parts of the country as supplies run short.

Pretty good read

From Forbes no less ...Forbes is all in with the man made globo homo warming watermelon cult

Peak Oil was a political trick ... US producers couldn't compete with cost against ME producers.
 
Despite all the heavy dissemination of narratives and talking points about a “climate emergency” and the “energy transition” during 2021, the ongoing economic recovery from the COVID-19 pandemic proves that the world still heavily relies on fossil fuels to provide its constantly growing energy needs. Indeed, as the pushers of Peak Oil demand theory try in vain to revive their own always-wrong narrative, it now appears that the world has yet to even meet the peak of demand for the least environmentally friendly fuel of all, coal.

This is especially true in China, India and much of Asia, where thousands of coal-fired power plants have seen record usage levels in the face of a major heat wave this summer. Bloomberg reported last week that China’s enormous demand for coal this summer has caused commodity prices to spike to the highest level seen in 2 months, briefly climbing above 900 yuan/ton (roughly $139.31 at current exchange rates) on Friday.

The global futures price for coal set a new record high in May as supplies ran low. Australian coal - China’s main international supplier - hit $150 per ton in July, the highest level seen since 2008. The demand is so high in China that it has even led to implementation of electricity rationing in some parts of the country as supplies run short.

Pretty good read

From Forbes no less ...Forbes is all in with the man made globo homo warming watermelon cult
The store BTU potential in coal is up to 20 times more plentiful than oil and gas combined.
 

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