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View Diary: For Coal, the End Is Near (40 comments)

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  •  Sigh. You are missing the big picture... (0+ / 0-)

    ...The long-term drop in European coal consumption and the short-term increase are matters of record.

    Yes, consumption's up recently, but that is NOT the long-term trend. The recent small increases hard coal and lignite consumption must be considered against the far greater long-term drop in both and again the drop predicted by the EU over the next few years.

    First graph: hard coal.

    Second graph: lignite.
    The recent surge, particularly in Germany, is well explained. But it's only a temporary situation.

    Deutsche Bank forecasts a drop of 26% in coal consumption by 2020.

    Don't tell me what you believe, show me what you do and I will tell you what you believe.

    by Meteor Blades on Wed Jul 10, 2013 at 08:37:41 AM PDT

    [ Parent ]

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