U.S. Reductions In Coal Use Offset By Asian Increases
Efforts to dramatically reduce coal use in America don't mean much when Asian countries use vastly increasing coal use.
This trend is disrupting the goals of climate change activists.
Global coal usage reached a record high in 2022, according to the International Energy Agency (IEA).
China increased by 4.6%, which amounted to 200 million tons.
India increased its consumption by 9%, or 97 million tons.
Indonesia, which is trying to corner the global market on energy-intensive nickel smelting, increased its coal use by 49 million tons, a 32% increase.
“Despite subdued hydropower and nuclear electricity generation in some European countries, a weak economy and mild winter in Europe restrained the impact of natural gas price spikes, which encouraged some switching to coal,” the report said.
But back here in the United States, coal use peaked in 2007.
In alone 2022, U.S. coal demand fell by 8%.
The IEA notes that American decreases are“more than offset” on a global level by increases in China, India, Indonesia, Vietnam, and the Philippines.
The recent United Nations Climate Conference, COP28, ended with nations promising to phase out organic fuels like coal gas, and oil.
But, in reality, the world is using more of it than ever before.
Despite the best efforts of some, the human race is using more coal, natural gasses, and petroleum than ever in its history.
Why is the Wyoming energy industry struggling?
The Wall Street Journal reported that wind & solar investment funds are tanking, with some down as much as 70% in just the last few months.
Solar power is performing the worst.
Despite building new wind farms all over the nation, it turns out wind energy is a lousy investment too.
While wind and solar are tanking Exxon and Chevron have a combined $110 billion acquisition plan to expand oil and gas drilling in one of the largest known oil reserves on the planet, the Permian Basin in Texas.
This year, both of these oil companies reported their largest profits ever.
Despite what you may have heard from the news media, politicians, and activists, in 2023, humanity guzzled more oil and gas than ever in history.
Carbon Nuteral you say?
"Net Zero" by 2050?
Where is that happening?
Wyoming Gov. Mark Gordon is facing criticism for his recent comments pledging to reduce his state's carbon emissions and saying there was urgency to addressing the "warming climate."
At the same time, developed countries are spending hundreds of billions of dollars trying to stop oil, gas, and coal.
But the rest of the world is using more of it.
Almost 80% of our energy still comes from old-fashioned organic fuels, (coal, natural gasses, and oil).
Yes, there is a “global energy transition” going on.
It just happens to be TOWARD more organic fuels, not away from them.
The goal, according to the Biden Administration and the so-called "green movement", is to reach "net zero" by 2050.
While running for President, Bided spoke of putting an end to all "fossil fuels" which would include shutting down all coal power plants.
Sequestering carbon, which Wyoming is currently experimenting with, will do nothing to appease those who have called to 'keep it in the ground."
By that, they mean to keep anything they refer to as a "fossil fuel" in the ground and never extract it.
But if states like Wyoming were to shut down every coal power plant, would it make a difference?
The answer is NO.
The use of coal, worldwide, is not down. It's actually up.
Yes, the world is actually using more coal than ever.
China is one of several nations leading that charge.
The following facts were laid out before a congressional committee.
If solar and wind could actually replace fossil fuels, China wouldn’t have 300 planned new coal plants—more than the total we have in the United States—each designed to last 40 or more years. (Alex Epstene).
Epstein concludes his statements by pointing out that China currently creates most of the components to create America's wind and solar farms.
China uses coal plants to create those components.
Without coal and petroleum, it is impossible to create wind and solar power, much less electric cars.
There is no way to "keep it in the ground."
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