Over at the Manhattan Contrarian, Francis Menton penned a great article entitled, “The Future Of Energy: One Of These Things Is Not Real.” Mr. Menton points out the difference between fantasy and reality when it comes to the future of energy. One of the follies is that the use of coal will end soon. An excerpt:
What then is happening in the reality on the ground? In a post just a couple of days ago, I took note of a gigantic new Arctic oil project just getting underway from the Russians. So that’s one thing. How about coal. Yes, plenty of that is also getting developed right now, and by private money and outside the U.S., so there is little or nothing that the Biden Administration or environmental litigants can do to stop it. The Times of India has a piece from June 5 with the headline “India, Australia, China, Russia pushing ‘massive’ coal expansion.” Excerpt:
Coal producers are actively pursuing 2.2 billion tonnes per annum of new mine projects around the world, a growth of 30 per cent from current production levels, a new report from Global Energy Monitor said on Thursday. The first-of-its-kind analysis surveyed 432 proposed coal projects globally and found a handful of provinces and states in China, Russia, India, and Australia are responsible for 77 per cent (1.7 billion tonnes per annum) of new mine activity.
He also discusses the folly of offshore wind for the U.S. The entire article is well worth the read.