The price of thermal coal used to generate electricity in China surged to a fresh high on Oct. 13, adding more pressure on Beijing as it attempts to tackle an ongoing power crisis. More than half of the country has recently experienced power rationing, which has disrupted the daily lives of tens of millions of…
Delhi Chief Minister Warns of Power Crisis Due to Coal Shortage
NEW DELHI—Delhi Chief Minister Arvind Kejriwal on Saturday warned of a power crisis in the Indian capital due to a coal shortage, which has already triggered electricity cuts in some of the country’s eastern and northern states. “Delhi could face a power crisis,” Kejriwal said in a tweet in which he also shared a copy…
India Suffers Rolling Power Cuts Amid Coal Shortages: Report
Delhi Chief Minister Arvind Kejriwal on Saturday warned of a power “crisis” in India’s capital due to coal shortages which have forced utility providers in neighboring areas to shut off electricity to preserve fuel. States in northern, eastern, and southern India have already suffered electricity cuts due to a lack of coal, and are set…
Heavy Rain Shuts Down 60 Coal Mines in China’s Top Coal-Producing Region Amid Power Crisis
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….
Energy Crisis May Trigger Winter Blackouts Across US: Coal Firm CEO
The energy crisis that has led to shortages and blackouts in Europe and Asia could hit the United States this winter, said the CEO of an energy firm. “We’ve actually had discussions with power utilities who are concerned that they simply will have to implement blackouts this winter,” Ernie Thrasher, the head of Xcoal Energy…
Coal’s Resurgence: Futures Rally to Fresh Record Highs
This year, U.S. coal prices have staged a fierce comeback amid renewed global demand and supply cuts. As parts of Europe and Asia face a growing energy crisis, industry observers project that the fossil fuel’s gains could be extended into 2022, prompting more countries to increase production and shipments. Coal futures on Oct. 5 surged…
South Africa Should Not Rush Move Away From Coal, Minister Says
JOHANNESBURG—South Africa must manage its transition away from coal-fired power generation systematically and not rush a switch to renewable energy sources, Mining and Energy Minister Gwede Mantashe said on Thursday. “I am not saying coal for ever, … I am saying let’s manage our transition step by step rather than being emotional,” Mantashe told a…
Heavy Rain Triggers Landslides, Destroys Buildings
A landslide destroys nearly 200 homes in Northwest China, and the situation may be even worse than official reports describe. Northeast China endures similar inclement weather, as the area gets drenched by heavy rain. Another Chinese real estate developer has failed to pay millions of dollars in debt. The company’s financials have triggered fear about…
Fossil Fuels Are Back—Everywhere Except in the USA
Commentary While the greens in America, including their champion zealot, President Joe Biden, howl their primal screams over climate change, the rest of the world is turning to coal. The dark stuff. The satanic fuel. But it’s back big-time across the globe. So is old-fashioned petroleum. Bloomberg reported last week that because of high natural…
China’s Power Crunch Risks Creating ‘Difficult to Control’ Inflation
October 4, 2021
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Widespread power cuts and rationing in China might quickly push the country into a position where inflation is “difficult to control”, an economist has said. Power shortages in China have resulted in the price of electricity rising sharply and power supplies to some factories being capped. Independent economist Jiang Hao told Radio Free Asia that…
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