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The View From China: A World Case Study for Alternative Energy
XI’AN, CHINA – For years, I’ve been telling hushed, incredulous audiences around the world that oil prices were headed higher – much higher.
I consistently list three causes: Supply, demand, and interruption.
The first is obvious – even though most folks still don’t want to believe it. Data suggests we’re burning through the world’s petroleum reserves four times faster than we’re finding new ones. We haven’t had a major new discovery of significance in 30 years. And, adding insult to injury, we still don’t have workable substitutes in place (alternative energy technologies such as fuel cells, for instance), even though we’ve had decades…
2May2008 | Money Morning | Comments Off | ContinuedGlobal Coal: A New Profit Source
It was about ten years ago when I first realized this world’s addiction to coal and its huge impact. It came at a rather weird time. I was rafting down a rural river (the same one Deliverance was filmed on), hanging onto any piece of the boat I could sink my nails into.
Fortunately, the only things squealing like a pig that day were the air brakes on the countless trains that were a constant attraction beside the river. Every half hour or so, a new train, loaded with thousands of tons of freshly mined coal passed by. The amount…
19Feb2008 | Guest Contributor | 3 comments | Continued
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