/biz/ - Business & Finance

>Currently, however, another 578 GW of coal capacity is in development. That includes 408 GW in China alone and is enough to power the whole of India.

https://www.cnn.com/2024/04/11/climate/global-coal-power-china-climate-intl/index.html

China is Coal Heaven, and has earned the Mandate of Heaven from the Coal God. It shall take the crown as leader of half the new multipolar world in the next few decades. It'll be healthy to be done with the American Hyperpower, or America as Sole Superpower, because lack of competition, including international competition, leads to stagnation, complacence, and laziness.
A good competition benefits everyone. We were better off when the Soviet Union was still around because we had a competitor and that kept our worst national urges in check.
I must visit China someday, like doing a Pilgrimage to the Land of Coal.

>>58378622
I'm aware that coals with certain characteristics can be used to add carbon to steel. I was just wondering about the market connection and how strong it really is.

>>57913997
>As I've said, coal executives have shown no broader vision to save coal in these past fifteen years of decline where 50% of production has been wiped out.
Some find it unseemly for me to criticize the executives in the coal industry, seem to think it's not my place to do so and that I lack their knowledge, but nonetheless, when 50% of your business vanishes since 2009 and you don't halt that, despite there being enormous demand for the same product across the ocean, then I think something is seriously wrong, even with the whole corporate structure.
Of course I believe in competition for the sake of better products and prices for the consumer, but corporations need, in instances like this, some way to produce a united front, rather like when the Greek city-states joined together to repel the Persians even though they liked to war with each other frequently.
There must be a way to crack this nut and revive the thermal coal industry. As I've said before, coal is the easiest fuel to store, transport, and use, and its cost is quite stable compared to other fuels. This is why it's so good for a developing economy and even for developed economies. It's reliable in every way. Gas pipelines are relatively easy to hack and shut down nowadays, but trains or barges loaded with coal can be switched back to manual operation much more easily than a pipeline.
There are many arguments for coal's virtues as an energy source. I will not, and probably never will, give up the fight for thermal coal to regain its place in the fuel market.

Bumparino yet again
Man, this thread is almost dead