China down to 12 days worth of coal.

lawnchair · Intermediate Crude Joined: Oct 20, 2004 Posts: 791

CHINA only has enough coal for 12 days of consumption, three days less than a month ago, state media reported Wednesday, sounding the alarm bells over the nation's most important source of energy.
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At 1% annual growth, human bodies will incorporate every gram in the observable universe in approximately 10,170 years.

Eli

Wow! that is incredible 12 days.

China is in for trouble.

misterno

This means coal prices will skyrocket again

dorlomin · Light Sweet Crude Joined: Aug 05, 2007 Posts: 1148

The winter they had would have cut production and sucked up stocks like hell. However as they grow faster and faster there is less and less slack in the system to rebuild reserves.

Ferretlover

joeltrout · Light Sweet Crude Joined: Sep 19, 2007 Posts: 1317

Sounds like they need an SCR-Strategic Coal Reserve

People bash Bush on filling the SPR but I think it is a good thing. China will regret not having an abundance of coal stored. Now they must switch to oil for fuel. OUCH!!!

joeltrout

vampyregirl · Heavy Crude Joined: Dec 19, 2007 Posts: 342

The Chinese government has been trying for some time to break the countries dependence on coal burning. It is causing major pollution problems and with it serious health problems. For instance respiratory ailments have become a common health problem in cities such as Shanghai. That plus the fact that there coal reserves are depleting.
Increasing natural gas use and alternative energy use has become a priority.
PetroChina has signed contracts to buy more than 3 million tonnes per annum of LNG from Quatargas4 and one million per annum from the Australian operation. The Qatar plant is under construction, to be completed next year. In Australia the Northwest Shelf Venture is still under development. PetroChina is a major buyer of LNG from the Nigerian operations.
Shell Solar has under contract installed solar panels in remote Chinese villages to electrify them off grid and alos supplied rooftop panels in urban areas. The new CIS solar panels being developed in Germany are slated for the Chinese market as they can better compete with retail electricity than silicon panels. New wind farms are also under development in China.
China is taking steps in the right direction and we are doing our best to supply them but it is turning into a race against time.

If i went into details on Group activities in China this would be a really long post

thor · Heavy Crude Joined: Jun 21, 2005 Posts: 453

The sooner they run out of coal the better the air quality will be in major cities in China. This is good news.

joeltrout · Light Sweet Crude Joined: Sep 19, 2007 Posts: 1317

Fishman

Thor, that it would be so easy. The quicker they run out of coal means they burn other things. The quicker they switch to other things the better.

steam_cannon · Expert Joined: Dec 28, 2006 Posts: 2559 Location: MA

Dan1195 · Heavy Crude Joined: Mar 19, 2005 Posts: 277

Unfortunately any attempt to replace their fossil fuel use with wind and solar will only make a small dent in there increasing energy needs. Right idea, but they simply have a runaway train that has already left the station as far as energy demand goes. At some point, probably in the very near future their rapid growth will screech to a halt as the resources they require are simply not availabe in the quantities they need. Oil and coal are the inital biggies are far as that goes.

mos6507

frankthetank

They need to get their god damn bikes back out and head back to the countryside where they came from to farm and eat bugs.
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Clothing should be optional.

cube · Fusion Joined: Mar 12, 2005 Posts: 3816