Theorem:
If no coal peak there is no oil spike!
demonstration:
just make oil with this abundant coal !!
If the need is imperative, it will cost little!
But there will be no peak either in the growth of CO2, which will end up making catastrophes of all kinds sooner or later and even C. Allegre agrees on this, because all disagreements are in the necessary time !!
Fossil energies: the return of coal
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More moderate rise in coal consumption by 2016, according to IEA
13 Dec 2011
PARIS - Coal consumption around the world is expected to continue to grow by 2016 but more modestly than in the past decade, still driven by China, says the International Energy Agency (IEA) in a report published on Tuesday.
Coal demand will increase by about 18% from 5.225 miliards tons carbon equivalent (Mtce) in 2010 to 6.184 2016 Mtce in, thanks to China's consumption (+ 24 3.123% to Mtce) and India (+ 40,5 610% to Mtce).
Consumption increased further in the last decade, climbing from 70%, 3.700 Mtce to 2000 to 6,3 billion tonnes in 2010, which led to an unprecedented rise in 2007 and 2008 prices.
In the countries of the Organization for Economic Co-operation and Development (OECD), of which the IEA is the energy arm, consumption will be rather lethargic by 2016 (+ 0,9%), with US demand slowing 1,5% between 2010 and 2016, without going back to 2007 level.
Demand from the United States, the largest consumer of coal in a century, has peaked in 2007 and has since been declining due to the increasing use of other energy sources, such as natural gas, and new laws in favor of the environment, says the IEA.
http://www.romandie.com/news/n/_Hausse_ ... 111512.asp
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USA: Patriot Coal lays claim to cheap shale gas
10 July 2012 New Factory
One of the largest US coal producers is facing fierce shale gas competition in the power plant supply market.
This is the first detrimental effect of the development of shale gas extraction in the United States ... and certainly not the last. Patriot Coal, one of the largest US producers of coal, announced that it filed for bankruptcy in a statement posted on its website on July 9.
The powerful American coal producer group considers itself a victim of the massive influx of cheap shale gas which has "stolen its markets from power stations", according to the press release released Monday evening.
Patriot noted that he had bowed to "the series of challenges facing the US coal industry, including reduced demand for thermal coal (for power plants) in the United States resulting from competition from cheap natural gas. ", the existence of" stringent environmental regulations that affect the cost of producing and using coal "and gloomy economic conditions.
The group intends to use the protection offered by chapter 11 of the US Bankruptcy Act to reorganize financially, under the auspices of justice. He obtained from a bank syndicate led by Citigroup, Barclays and Bank of America a loan of 802 million dollars that will allow him to finance his operations during its restructuring.
The group, which operates twelve mining sites in the Appalachians (east of the country) and in the Illinois basin (north), pointed out that its operations for extracting and transporting produced coal would normally continue throughout the period of receivership.
Patriot explained that in an attempt to offset the decline in coal prices in the US market and the cancellation of contracts with some large customers, he had recently launched an export offensive.
Patriot, who is based in St. Louis, Missouri, in the center of the country, has been running a deficit over the past two years. In 2011, the group lost 139 million dollars on sales of 2,4 billion.
Employing 4 300 people, Patriot claims to control reserves (proven and probable) of 1,9 billion tons of coal.
http://www.usinenouvelle.com/article/et ... he.N178436
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