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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.35+2.7%4:00 PM EST
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To: TobagoJack who wrote (58850)12/13/2009 6:08:53 AM
From: elmatador  Read Replies (1) of 217648
 
China mistrust Australia. "Coal now provides 70% of the PRC's energy and almost 80% of its electricity, with both figures higher than they were a decade ago.

Need to diversify suppliers. TJ is in the case.

Indonesia's Coal Boom The Economist explains, "For power stations on the coast of China, it is often cheaper to import coal by sea from Indonesia than from mines in the interior. The same goes for many Indian consumers. Japan and South Korea, both big importers, are also close--putting Indonesia at the heart of an Asian coal boom." This may explain China's willingness to reduce domestic coal mining. "Indonesia's coal is of better quality. The Chinese government, meanwhile, is shutting down smaller mines."

China Will Lead Consumption Heritage Foundation's Derek Scissors reports, "Coal now provides 70 percent of the PRC's energy and almost 80 percent of its electricity, with both figures higher than they were a decade ago. These shares may barely shift for decades to come. For better or for worse, transportation is not particularly important in Chinese energy use, so oil is far less important than coal. And while the PRC has a much-touted goal of 15 percent of energy from renewables, U.S. government projections have the proportion of Chinese electricity generated by coal remaining at 75 percent in 2030"

theatlanticwire.com
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