Tuesday, December 14, 2010

Peak Oil now Peak Coal

This bubble map shows the global distribution ...Image via WikipediaDoes China Face a ‘Peak Coal’ Threat?
China’s ravenous appetite for energy puts the country at risk of reaching a point of “peak coal,” when demand for coal will outstrip domestic production capacity, a growing number of experts believe.


China now consumes approximately 47 percent of coal produced globally but by most estimates has just 14 percent of global coal reserves. Meanwhile, demand has risen by about 10 percent per year for the last decade, putting the country on an “unsustainable” path, according to a recent report by C.L.S.A. Asia-Pacific Markets, a Hong Kong-based brokerage firm.


Coal might be abundant globally, but if China cannot substantially raise its domestic production, increasing imports enough to meet demand may be hard to accomplish in the short-term, putting the country in a potential supply bind.
They like us must face the reality of peak energy supplies. Times will change for all.
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