CCNet 15/10/13 The Return Of Old King Coal! Black Gold On Track To Be World’s No 1 Fuel Again! Coal will become more in demand than oil by 2020 driven by growth in China and India, despite campaigns to reduce carbon emissions across the globe, a new report reveals. Marking a return to an era reminiscent of Britain’s industrial revolution, the rapidly expanding economies in the East are turning to coal since it is cheaper and more reliable than oil or renewable energy sources, energy consultancy firm Wood Mackenzie said on Monday. -Helen Collis, Daily Mail, 14 October 2013. Global coal consumption is expected to rise by 25 per cent by the end of the decade to 4,500 million tonnes of oil equivalent, overtaking oil at 4,400 million tonnes, according to Woodmac in a presentation on Monday at the World Energy Congress. ‘China’s demand for coal will almost single-handedly propel the growth of coal as the dominant global fuel,’ said William Durbin, president of global markets at Woodmac. ‘Unlike alternatives, it is plentiful and affordable.’ -Helen Collis, Daily Mail, 14 October 2013. Despite all the bruhaha about carbon emissions and global warming, Europe is marching straight back into the past by increasing its reliance on coal for electricity – and this in spite of a continent-wide recession and slumping demand. Germany is the worst example. It is actually building new coal plants even as it shuts down reactors and claims to be converting to wind and solar. Those “renewable” sources just aren’t there when you need them. -Editorial, RealClearEnergy, 11 October 2013. What has happened in the real Czech Republic and Poland goes against the grain. It is a rare case of small countries confronting a big bully, the biggest of them all, the European Union (EU). The Czech Republic didn’t just denounce renewables. Like Poland, it declared that it would double its reliance upon the most vulgar, explicit word in energy: coal. In 2011, the former president of Czech Republic addressed an audience in Sydney, Australia, where he drew parallels between communism and the global warming doctrine. Those who declare Poland and the Czech Republic’s respective decisions to revert to coal as sacrilege should remember two important points: first, no economy wins any prizes for poverty; second, these countries happen to know a totalitarian movement when they see one. -Simon Lincoln, Business Day Live, 15 October 2013.
Posted on: Tue, 15 Oct 2013 23:19:20 +0000
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