We can no longer say ‘Here is the News’. The closest we can get is ‘Here is some news that appears to add up’
China appears to be suffering a massive coal shortage. It’s all part of “the energy thing” that I still find hard to follow, believe or get ahead of….but here are some oddities. China is by a factor of five times the biggest coal producer on the planet. That is (for them anyway) the end of the good news. Among the big boys, it also has the lowest level of coal reserves.
Guess which nation has the largest reserves….America. Guess which country has been dumped as a supplier after a dispute with China….Australia. Guess who took up the slack….America – having forced Beijing to cut tariffs on coal. In the first six months of 2021, US coal volumes headed for China increased ninefold period-on-period to 4.42…
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