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> Bacton Gas Terminal was getting ever closer to the cliff edge as the coast eroded That was a problem that was getting close to solving itself. Now I understa
by lvs 5y ago
> Bacton Gas Terminal was getting ever closer to the cliff edge as the coast eroded
That was a problem that was getting close to solving itself. Now I understand why so much effort was expended.
- throwawaylinux 5y agoThermal coal prices are at record highs and production is rising. Part of the problem is natural gas prices spiking to record highs. Closing down gas production right now will not solve any problem except the balance sheets of the coal industry.
- lvs 5y agoThat's a false choice and a misframing. The problem is we are boosting production of dirty fuels to meet energy demand recovery.
- throwawaylinux 5y agoIf you reduce gas production, you will increase coal usage. That is what will happen. That is what does happen.
- lvs 5y agoYes, but in free markets. They are both dirty fuels, so this shouldn't be a free market decision. This is something we have to do collectively that the market participants won't choose to do on their own.
- rsj_hn 5y agoYou will even increase coal usage if gas prices increase. The market adjusts.