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" Coal is incredibly cheap " not that cheap that the CCP had to force coal producers to limit the price because it increased more then 3x in a year. what is go
by emkoemko 5y ago
" Coal is incredibly cheap " not that cheap that the CCP had to force coal producers to limit the price because it increased more then 3x in a year.
what is going on in China? that they are having such energy production problems? to the point where they are rationing electricity for months now.
Where is all this extra demand coming from? and at what point will it peak ?
the excuse is always well the rest of the world got to pollute so we have our turn now.. seems crazy and childish when this will impact us all.
- jfk13 5y ago> Where is all this extra demand coming from? Blockchains? (More seriously, I guess an awful lot of it is used to keep producing the cheap goods that Western consumers demand. We need to adjust our lifestyles to "consume" much less, in every way.)
- nradov 5y agoAs the world economy picks up again, demand has grown at Chinese factories. The government has fixed electricity prices but worldwide coal prices have also increased, so some coal fired power plants have shut down instead of operating at a loss. The Chinese government also temporarily stopped importing coal from Australia for political reasons.