World energy markets keep defying the wind and solar cult’s prediction that coal’s days are over. The meme has it that ‘coal is dead’, but in reality it hasn’t suffered so much as a flesh wound.
Indeed, thermal coal prices are off the charts, with record demand driving record prices: Australian thermal coal prices hit $US$400 ($548 a tonne) in March, with prices still on the rise.
The black stuff remains critical because it does something that sunshine and breezes can never do; fed into coal-fired power plants (such as the Isogo HELE plant in Japan depicted above) it provides cheap and reliable power around-the-clock, irrespective of the weather. The reason that coal remains in constant (and indeed rising) demand is that simple.
The Australian’s Greg Sheridan picks up the thread below.
Coal is booming but you won’t hear about it at the ABC
The Australian
Greg Sheridan
3 October…
View original post 1,186 more words
Utopia, you are standing in it! 
Recent Comments