Meanwhile, the Chinese have reduced exports by over eight percent, idled more than 60 coal plants and announced they will lower import tariffs on the commodity, all because of shortages. It’s more than foreign competition and transport prices the country has to worry about — energy supplies within the PRC are dwindling to dangerous lows. We in Shanghai got a taste of what such scarcity might mean when blackouts struck the scorched city earlier this month.
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Continue reading "China's coal collapse "
It's been a scorcher of a week and those little AC units are working on overtime. So much so, that it threatens to plunge us all into darkness. Okay, maybe the situation hasn't gotten that melodramatic, but according to Xinhua News we used a whopping 22.43 million kilowatts yesterday afternoon, or roughly one kilowatt per person (shame on you if you used two).
Continue reading "Lights out for Shanghai?"
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