OK, so occasionally he'll restart things...
Posted on 10/10/2021 7:41:07 PM PDT by MNJohnnie
Torrential rain that lasted for almost five days straight has forced China’s coal hub to close 60 coal mines, piling further pressure on the country already grappling with a power crunch.
The downpower that struck 11 cities in northern China’s Shanxi Province has triggered flooding and landslides, destroying railway lines and bridges, and causing fatalities. The provincial weather agency said on Oct. 10 that showers will continue the next 10 days.
Heavy rain beginning on Oct. 2 has suspended 60 coal mines, 372 other mines, 14 hazardous-chemical enterprises, and over 1,000 constructing projects, the Shanxi government said in a notice on Oct. 8.
The halts lay additional stress as the country scrambles to produce more coal to stem a deepening power crisis. Shanxi is the country’s top coal-producing province, with production accounting for more than a quarter of the national total in 2020. Around two-thirds of the country’s electricity comes from burning coal.
The crisis has led to power rationing in more than half of China’s provinces over the past few weeks. The electricity cuts have disrupted daily life for tens of millions of people, crippled industrial output, and wreaked havoc on global supply chains.
Days before the extreme weather, Shanxi signed contracts to commit coal supply for the winter time to 14 provinces across the country, including the northeastern Liaoning Province, state-run news agency Xinhua said on Sept. 29.
People living in Liaoning and two neighboring provinces, where the temperature drops to 51 degrees fahrenheit in October, have recently experienced unannounced electricity cuts in their homes. Residents also complained about traffic lights being turned off, weak network signals, and a lack of heating.
As winter’s peak consumption approaches, Beijing has urged top miners to boost coal output.
Shanxi has instructed its 98 coal mines to expand annual output capacity by 55.3 million tonnes over the remainder of the year, an official from the provincial government confirmed on Oct. 8 in a document reviewed by Reuters.
Provincial authorities will also allow some 51 coal mines that had hit their maximum annual production levels to keep producing in the fourth quarter and to raise capacity by 8 million tonnes, which is expected to add 20.65 million tonnes of extra supply.
However, the heavy rains have cast doubt on whether officials can meet this target, as key coal-producing cities, including Linfen, Xiaoyi, Jiexiu, and Yangquan, are among the affected areas.
Analysts suggest the reasons for the power crisis can be traced back to a string of policy missteps, including the shutdown of coal plants, and an import ban on Australian coal.
One cause was Beijing’s 2016 decision to close more than 1,000 coal mines in a bid, at the time, to address a supply glut, Chinese commentator Wang Xiaogang told The Epoch Times.
Wang noted that Beijing’s import ban on Australian coal also contributed to the current coal shortage.
After the Australian Prime Minister called from an independent investigation into the origins of the pandemic last April, the Chinese regime has leveled a spate of trade tariffs and restrictions on the country, including an import ban on coal in December. Western officials have described Beijing’s actions as “economic coercion” designed to intimidate Canberra into softening its stance towards the Chinese regime.
Recently, China reportedly unloaded one million tonnes of Australian coal which had been stored in warehouses along China’s coast for months in an effort to ease the energy crisis.
China finally experiencing some bad karma. May Confucious grant more.
Oil now over $80 and NG almost $6. Winter is coming.
Have the CCP put out all of China’s coal fires?
God has his ways.
Heh.
Are the heavy rains upstream of the Three Gorges Dam?
Heheheh.
10 Oct: Australian Financial Review: China could clear Aussie coal amid energy shock
by James Thomson
An energy crisis in Europe has exacerbated the problem; the price of top-quality Newcastle (Australia) thermal coal hit a fresh record of $US244.11 a tonne on Friday, up from just $US49 a tonne in August 2020...
Wood Mackenzie principal analyst Rory Simington estimated about 5 million tonnes of coking coal and 3 million tonnes of thermal coal stockpiled at Chinese ports could be cleared by customs officials for use in China’s domestic market.
But Mr Simington said the relatively small amounts involved would do little to cool surging prices...
(Liberum analyst Tom Price) estimates miners in the two provinces (Shanxi and Inner Mongolia) will be unable to lift production beyond 100 million tonnes in the quarter, but says China needs more like 500 million tonnes of coal to rebalance the nation’s energy market...
Mr Price said China would gain little from lifting its ban on Australian coal as “we suspect some of Australia’s thermal [and metallurgical] coal’s still getting to China via third-party players to avoid the ban”.
The Chinese government could lift the price caps it has imposed on local electricity generators, which would incentivise more supply from miners but result in surging inflation.
Mr Price said the most effective strategy would be to continue to manage demand and put the brakes on heavy industry, but this would also have ramifications for the global economy...
https://www.afr.com/companies/energy/china-could-clear-aussie-coal-amid-energy-shock-20211010-p58yr0
Oil now over $80 and NG almost $6. Winter is coming.
—
Remember just a few years back when oil got so plentiful the spot price on a barrel dropped to $0. Good times, indeed, now gone.
“Good times, indeed, now gone.”
Trump, indeed, provided no shortage of mirth in many categories....
Possibly God’s judgment. If so, America is ripe for it also.
India is having significant coal supply problems too. Aussie land should tell China to suck it and sell to India.
China’s “wolf diplomacy” is diplomatically isolating them better then anything the USA or its allies could do.
This is a golden opportunity for the Biden admin.
In one stroke
They could revive our coal industry
( we have the world’s best coal btw) put thousands of miners and others back to work
Charge exorbant prices to China and get those price
Revive our economy overnight
Knock China to their knees financially,
possibly bring down the or whole barbaric Communist government
Prevent a war over Taiwan
Free the honourable Chinese population
In short
Become the world’s hero and number one superpower and force for good .
But
Being in reality
another Communist politburu
run by
the terrorist loving,
aiding and abetting
TalyBiden regime...
We won’t.
Jmho.
Not even God could screw things up as bad as Communists and DemocRATS can.
One million tons of Australian coal?
Shhhh.....don’t tell crazy Greta Thunberg. She’ll blow flames out her mentally ill butt.
OK, so occasionally he'll restart things...
you are right. however, the “climate mob” have been stalling Indian investment in Australian coal for over a decade, and now the present Federal Govt which got elected because of coal votes, has gone all net zero emissions pre Cop26, antagonising at least half of the country.
24 Sept: Australian Financial Review: Adani within months of first coal exports
by Peter Ker
Adani Australia chief executive Lucas Dow says the first coal from Queensland’s Carmichael mine will leave Australian shores before the end of the year, as soaring coal prices look set to give the controversial project a lucrative start to life...
Part of the reason Adani’s Carmichael project attracted more controversy than other Australian coal projects over the past decade was because it will be the first mine and rail development in the otherwise untapped Galilee coal basin.
The trail blazed by Adani in the Galilee has reduced the barriers to entry – particularly in terms of transport infrastructure – for other companies with coal tenements in the Galilee.
Federal Resources Minister Keith Pitt acknowledged as much upon attending the publicity launch for the locomotives on Friday.
“They [Adani] have not only paved the way, they have kicked the door down,” he said...
https://www.afr.com/companies/mining/adani-within-months-of-first-coal-exports-2
this vast land, Australia, has such low population density and all the natural resources anyone could hope for, so it is absurd to imagine it will take up electric vehicles (imagine the charger infrastructure that would be required).
also ridiculous Australia has been closing down coal-fired plants, while China is building hundreds, domestically or around the world.
why Australia would go along with this phony “climate” accord is beyond me, given the EU countries that insist on it are densely population and, in many cases, low in natural resources.
Xi: Where’s muh Mandate of Heaven?
Is there any Government left in the world run by sane adults?
Xi has lost the mandate of heaven.
CC
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