Thursday, November 15, 2012


With China and India Ravenous for Energy, Coal’s Future Seems Assured 

NYTimes November 12, 2012

Overly reliant on industry sourcing, i.e., Peabody study.

"Global demand for coal is expected to grow to 8.9 billion tons by 2016 from 7.9 billion tons this year, with the bulk of new demand — about 700 million tons — coming from China, according to a Peabody Energy study. China is expected to add 240 gigawatts, the equivalent of adding about 160 new coal-fired plants to the 620 operating now, within four years. During that period, India will add an additional 70 gigawatts through more than 46 plants."