Thursday, December 20, 2012

What Economists Missed: Why World Coal Consumption Keeps Rising

A primary reason why coal consumption is rising is because of increased international trade, starting when the World Trade Organization was formed in 1995, and greatly ramping up when China was added in December 2001. Figure 1 shows world fossil fuel extraction for the three fossil fuels. A person can see a sharp "bend" in the coal line, immediately after China was added to the World Trade Organization.
http://theenergycollective.com/gail-tverberg/162771/why-world-coal-con

allvoices