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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (95816)	1/17/2008 10:33:30 AM
From: Archie Meeties	Respond to of 206084

So you really think a peak oil blogger who doesn't cite any data has more insight into peak oil than the chief economist at BP? Let's get real.

To: CommanderCricket who wrote (95816)	1/17/2008 11:08:13 AM
From: Dennis Roth	Respond to of 206084

>> Currently, there is some form of power shortage starting in southern China and ranging south to Vietnam << Power shortage in southern China to widen after closure of 6 pct power generation capacity By Jing Yang Beijing. January 16. INTERFAX-CHINA - Power shortage in southern China is likely to reach 6 gigawatts (GW) in the first quarter of this year, further increasing to 8 GW in the peak consumption season of summer, after the region shuts down more than 6 percent of its total power generation capacity due to coal shortages and rising coal prices, said a senior official with the China Southern Power Grid Corp. (Southern Grid), which monopolizes power distribution in the country's five southern provinces. Link for the rest of the story: interfax.cn --- Are we heading for Peak Coal? moneyweek.com Excerpt: There's a sustained and tightening squeeze on global supplies of the 'thermal' coal needed to power the world's coal-fired power stations, just as Asia (except Japan) embarks on a massive expansion of planned generating capacity based on coal, despite rising concerns about carbon pollution. The technology that needs to be deployed to separate and store the pollutants from coal burning is still at least five years away. Meanwhile, disastrously polluted China brings a new coal-fired station on stream every week to help 'keep the lights on' and power its frantic industrial growth. The Chinese plan to triple generating capacity to 500 gigawatts by 2030. India is driving to triple its generating capacity by 2010. South Korea is adding 7.3 gigawatts in the next several years, and Vietnam has announced that it's to spend billions on coal power due to its soaring economic growth, combined with fears that its off-shore gas reserves may not be as large as initially anticipated. Even 'green' Japan is adding 10 new coal-powered stations, without decommissioning any of its existing ones. Consequently, the price of seaborne coal in Asia has risen by over 40% this year, with the prospect of higher prices in the years ahead. It's clearly a sellers' market.