On the one hand, our bureaucrats are telling us coal power in Australia might be finished by 2035.

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On the other hand, in the rest of the world, coal prices are hitting records, China and India are suffering rolling power cuts. In China, floods have shut about 10% of the 682 coal mines in the Shanxi Province. China is so desperate for coal that a few days ago, it finally unloaded the Australian coal it held hostage in the 80 bulk carrier ships that have languished offshore for months in a petty trade war. Pune, in India is in a coal shortage crisis, forced to shut down 13 power plants because they’ve run out of coal. They’re asking people to be “sparing” between 6 and 10 both morning and night. India has 135 coal fired plants in total, and fully 70 of them are currently working with less than four days coal supply.

China coal futures hit record as flood swamps mine hub

Even with the efforts, China could face a coal supply gap of 30-million to 40-million tonnes in the fourth quarter, Citic Securities analysts said in an October 8 report. A shortage of […]