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View Full Version : Int'l Issues China down to 12 days worth of coal


alanm
04-23-2008, 12:58 PM
From correspondents in Beijing
April 23, 2008 03:22pm
Article from: Agence France-Presse


<!-- END Story Header Block --> <!-- END Story Toolbar --> <!-- Article body --> CHINA only has enough coal for 12 days of consumption, three days less than a month ago, state media reported Wednesday, sounding the alarm bells over the nation's most important source of energy.
In certain parts of China, such as densely populated Hebei province in the north, reserves are down to less than a week, Xinhua news agency reported, citing the China Electricity Regulatory Commission.

In the period since early March, coal reserves have slumped by 12 per cent to 46.7 million tonnes, according to the commission.

Reasons for the shortage were "multi-dimensional," the commission was quoted as saying, without elaborating.

Demand for coal has risen rapidly since China experienced brown-outs early this decade, motivating a construction frenzy in the power industry, with large numbers of new coal-fired plants emerging across the country.

China counts on coal for about 70 per cent of its energy consumption, a proportion that has stayed almost unchanged for the past nearly three decades despite a skyrocketing rise in demand for power
http://www.news.com.au/business/story/0,23636,23586655-31037,00.html

Wyoming has coal up the wazoo. Enough to keep the US in business for the next 400 years. I say we bend China over and help get that trade imbalance back in order.:D

StcChief
04-23-2008, 01:48 PM
Supply and demand..... let 'em have it, Market prices should dictate.

BucEyedPea
04-23-2008, 02:38 PM
Supply and demand..... let 'em have it, Market prices should dictate.

No more cheap junk. Get ready for those items to go up in price just like food because ethanol is driving food costs up.

bkkcoh
04-23-2008, 02:40 PM
That should help the greenhouse gas emissions decrease without all of the coal that China is/was burning for power.

banyon
04-23-2008, 03:13 PM
This is pretty much a lose/lose for everyone except the energy conglomerates.