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Politics : Formerly About Advanced Micro Devices

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To: Wharf Rat who wrote (1568227)	10/27/2025 3:50:37 PM
From: Tenchusatsu	2 Recommendations Recommended By Eric pocotrader Read Replies (2) of 1569607

Wharfie, you might like this. I never thought I'd see the day ... ***** Russia’s Coal Collapse Marks The End Of Fossil Fuels’ Post-War Illusion (Forbes) Russia’s coal collapse marks the breaking point of the fossil era. With thermal-coal prices down nearly 80 percent from their 2022 peak and over half of Russia’s producers now losing money, Moscow’s lifeline industry is imploding — even as renewables, batteries, and storage become the fastest-growing assets in the world economy. According to the Financial Times, the sector lost Rbs 225 billion (˜ US$2.8 billion) in the first seven months of 2025 — more than double 2024’s total losses — as exports vanished and subsidies fail. Twenty-three coal companies — about 13 percent of the national total — have already shut down, and another 53 are at risk of closing. Once Russia’s fourth-largest export, coal has become its worst-performing industry in more than 30 years. President Putin himself has admitted that “coal producers are having a tough time.” The reason is brutally simple: logistics costs have soared — rising from 50 to almost 90 percent of the coal’s final price — while discounts to Asia remain steep, sometimes forcing producers to export at a loss merely to secure foreign currency and protect mining-region jobs. ***** Although the article smacks of bias, I don't think the objective figures are fake. Demand for coal has been falling, and no one has found a way to make coal economically viable like it used to be. Maybe if the global supply of oil and natural gas suddenly dried up, coal might once again gain favor. But all RuZZians can do now with their coal is to just burn it in their own homes. Or maybe they can Make Steam Engines Great Again. Who knows? Tenchusatsu

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