Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
FYI. China is to the world's coal consumption what the US plus all of Europe are to the world's oil consumption. In 2007 China is projecting a total consumption of 2.5 billion tons of coal this year. That's over forty percent of the world's consumption. On the other hand on a per-capita basis that's still less than the US which is using roughly 40% of the coal with less than a quarter of  China's population.

China chokes on a coal fired boom

by MarekNYC on Tue Jan 9th, 2007 at 05:53:09 PM EST
Since China only produces a little over 1 billion tons a year and apparently consumes 2.5 billion, where is the shortfall coming from.


Somebody has one hell of an export market coralled.

"When the abyss stares at me, it wets its pants." Brian Hopkins

by EricC on Wed Jan 10th, 2007 at 09:18:34 AM EST
[ Parent ]
Where are you getting that 1 billion figure from? I see roughly two billion for 2004. The industry has been expanding, so  it is certainly higher than that now.
by MarekNYC on Wed Jan 10th, 2007 at 10:41:20 AM EST
[ Parent ]


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