morekaos
Well-known member
Like the law of gravity?you can?t repeal the laws of economics?unicorns and rainbows? ;D ;D >
?Dirty ol? coal? is making a comeback and consumption is expected to return to 2013?s record levels
? Coal prices are soaring and global coal consumption is expected to return to record levels reached almost 10 years ago as the global energy supply crunch continues.
? While investors in coal stocks are having a field day thanks to high coal prices, curbs on carbon emissions are taking a backseat as markets and governments scramble to stock up on traditional energy supply amid bottlenecks caused by the Ukraine war, analysts say.
? Worse, slowing investments in new coal-powered energy facilities have tightened the supply of coal even further, Shaw and Partners senior analyst Peter O?Connor told ?Squawk Box Asia? on Friday.
https://www.cnbc.com/2022/08/02/coa...ted-to-return-to-2013s-record-levels-iea.html
?Dirty ol? coal? is making a comeback and consumption is expected to return to 2013?s record levels
? Coal prices are soaring and global coal consumption is expected to return to record levels reached almost 10 years ago as the global energy supply crunch continues.
? While investors in coal stocks are having a field day thanks to high coal prices, curbs on carbon emissions are taking a backseat as markets and governments scramble to stock up on traditional energy supply amid bottlenecks caused by the Ukraine war, analysts say.
? Worse, slowing investments in new coal-powered energy facilities have tightened the supply of coal even further, Shaw and Partners senior analyst Peter O?Connor told ?Squawk Box Asia? on Friday.
https://www.cnbc.com/2022/08/02/coa...ted-to-return-to-2013s-record-levels-iea.html