Wednesday, April 23, 2008

China down to 12 days worth of coal

CHINA only has enough coal for 12 days of consumption, three days less than a month ago, state media reported Wednesday, sounding the alarm bells over the nation's most important source of energy.

In the period since early March, coal reserves have slumped by 12 per cent to 46.7 million tonnes, according to the commission.

read more | digg story


Finally something the United States has plenty of that the Chinese will want. Let us jack up the price to about 10 times, then cut off the supply when the Chinese won't behave themselves.


Experts estimate that the United States has about 265 billion tons of coal reserves. If we continue to use coal at the same rate as we do today, we will have enough coal to last 285 years. This vast amount of coal makes the United States the world leader in known coal reserves.

Poor China. You were on the verge of becoming a bully to the US, but you showed your hand too soon. You had nothing and we are holding a Royal Flush!


Sorry but there are times I do have to gloat. This is one of them. For the past 10 years China has been threatening to destroy the US Economy. Now we are in the position to destroy theirs. Karma is a Bitch!



2 comments:

Maggie Thornton said...

No way we'll take advantage of this. Just wouldn't be politically correct.

Maggie
Maggie's Notebook

Findalis said...

May not be PC, Maggie, but it would be prophetable. Ooops, profitable.