Posted on 03/20/2022 12:13:41 PM PDT by george76
Fossil fuel prices have surged in recent weeks, with coal prices more-than-doubling from the end of Febuary to March 10th.
Demand for key fossil fuels has surged as the anxiety of supply chain disruptions sparked by Russia’s invasion of Ukraine has grown.
China is expected to turn to Indonesia to fill the gap in its coal imports should Russian coal exports be further disrupted.
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China is the biggest importer of coal, followed by India, Japan, and South Korea.
Coal prices rose from $186 per metric tonne on 23rd February to $462 on 10th March
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Asian governments are rapidly looking elsewhere to guarantee their supplies. However .. There is simply an almost complete absence of surplus thermal coal available globally.
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with gas prices rising substantially over the last half a year, even Europe is turning back to coal
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Indonesia is currently the largest thermal coal exporter in the world. But miners worry about potential new government curbs on exports, imposed to ensure sufficient supply in local power plants. Around 20 plants worried they would have to shut down in January due to low coal stocks, leading the government to pause exports. This led to an increase in coal prices
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The decision by many state powers to turn to coal is no surprise to some world leaders. In Australia, Prime Minister Scott Morrison continues to back coal, allowing power stations to “run as long as they possibly can.” Morrison supports this stance by saying it is necessary to maintain this energy source for “when the wind doesn’t blow and the sun doesn’t shine.”
Meanwhile, coal stocks that were previously dying out are now increasing.
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it appears likely that several governments may fall back on old, reliable fossil fuels as their source of energy security.
(Excerpt) Read more at oilprice.com ...
Oh my God, the dreaded fossil fuels! / sarc.
Where’s Greta?
All by design to get you to buy an electric car, so you can pump more dividends into the portfolio’s of those that control us.
Nukes are much to be preferred over coal.
Save the coal for steel making.
Do EV now come with “vaccine” options?
Solar panels and windmills and lithium batteries could solve the energy crisis. Really..... You just need to carpet the countryside with them for unreliable power instead of the few acres for a gas turbine, coal fired or nuclear power plant that puts out reliable energy 24/7.
What we need to do is narrow the roads and remove lanes to make it more difficult to get anywhere. Raise prices on energy so people are hot in the summer and cold in the winter. Plus turn off the power if it gets windy when this has not ever happened before (California).
Force electric cars on people at much higher prices then gas cars and the gas ones are made more expensive by mandating things not needed for the car to actually work and those that cannot afford $50,000+ prices can take the bus that does not go to where you want to go unless you move into a high density crowded high crime neighborhood and then you can walk or run.
BTW this is what the politicians are doing right now. Making us pay for their pipe dreams and of course they taking bribes from the countries that want to cripple America.
California alone has more oil and gas then most anywhere in the world but the democrats want to shutdown new drilling and want to remove all current drilling in Los Angeles which is floating on a sea of oil because they are stupid and corrupt.
This should be done to all of us except of course the democrats and the celebs who need reliable gas cars and energy that others will pay for.
You know that politicians do not pay for anything and the celebs have their studios pay for the costs of everything including the trips around the world.
The war on oil and coal continues in America.
Probably not. I’m thinking that when you buy one, you’ve let them know that you’re on board with their plans and you automatically become immune to The ‘Rona and any variants that might spring up.
Kind of like, when you’re a Democrat and you lock down your state and country. But you and your friends can do what they want. If you’re in the club, then you’re fine.
a year ago I bought one of the asian butane table burners. The butane was cheap.
Not any more.....
The video now making the rounds from Praeger University, “UNOBTAINIUM”, explains very clearly that energy from wind and solar can never and will never replace fossil fuels; at least in my granddaughter’s lifetime. I don’t have the link. Easily viewable online.
“Fossil fuels” and an invention of the imagination. Most of what are called “fossil fuels” are formed by abiotic means, and are not some kind of “dinosaur soup”, despite popular belief.
Methane is an essential building block of virtually ALL hydrocarbon fuels, and exists in great quantity in conditions found on the ocean floor, at depths of greater than about 1,500 meters and at ambient temperatures of about 37 degrees Fahrenheit. Under those conditions, methane combines with water molecules to form a clathrate hydrate, crystalline water-based solids physically resembling ice, in which small non-polar molecules (typically methane) are trapped inside “cages” of hydrogen bonded, frozen water molecules.
Technically, this combination is not a compound but a phase which breaks down as temperatures rise above about 40 degrees Fahrenheit, and the volume of gas expands by some sixty times or so, leaving behind the water. The clathrate, of greater density than the surrounding water at that depth, tends to lie on the bottom, in sometimes very thick layers.
Falling sediment in the ocean may occlude much of this methane hydrate, resulting in a rock formation in which the methane is tightly held, but newer techniques can break this occluded methane out of the sediment, in a process called fracturing, or “fracking”. An explosive charge is set off in an “empty” oil well that has been sealed, and the resulting fracture lines in the sediment then yield up their store of methane, restoring the well to productivity when the reservoir is reopened.
Maybe the methane on Saturn is from dinosaur soup…
USA is the Saudi Arabia of coal.
US has about 70% of known coal deposits worldwide.
We could live on the coal alone!
But, thanks to Obama war on coal, most mines are bankrupt, abandoned or near closure!
Lots of jobs lost, lots of energy lost!
Thanks Obama!
My grade school teachers would have us believe that brontosauruses would crawl into the ground to die, only to have us drill into their dead bodies for oil a million years later.
I’m with you on that
Use coal for coke production not for electricity
Use natgas for fertilizer production not for electricity
Use fission for electricity
I would like to see transportation (cars) be hybrids with the ICE run off of things other than gasoline. Ethanol, LNG, and ammonia are most interesting to me.
There’s a lot of really good uses for coal but we seem intent on only using about 30% of its mass for fuel and spreading the other 70% up the stack as particulate that causes respiratory disease worldwide. People don’t realize there is actually more energy in the uranium that is embedded in coal than in the hydrocarbon itself. What is needed is a truly efficient and unlimited source of thermal and electric energy from the abundant supply of thorium that can be used in molten salt reactors.
The coal can be treated with steam (Fischer-Tropes process) that converts it to more valuable biodiesel and jet fuel as is done in South Africa today. You get 1.3 tons of jet fuel for every ton of coal and you can extract the uranium in the coal to create the fission mix to drive the thorium reactor.
The ash that we now pollute the air with and breathe can be extracted as lampblack and sulfur and used to make rubber and high strength concrete. We could reduce the mining of coal by orders of magnitude while getting more valuable products out of it at the same time.
Energy = wealth for everyone on the planet.
The outer planets are full of methane.
How did it all get there?
Aliens nearby our solar system:
“Hey Gork, I gotta go”
Mork “No problem, Uranus is right around the corner”
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