Following on from our post on Gas, here is a very simple observation from Javier Blas (Bloomberg energy journalist).
As he notes, coal may have peaked, but it sure doesn’t look quite like it is declining. And if it were to, it doesn’t look like it goes to zero in 10 years time.
That seems relevant for people who haul coal (AZJ) as well as the actual producers, like WHC or New Hope, and that’s before splitting the difference between thermal (heating) and metallurgical (steel) coal.
The point, as ever, is to hold a few things that are simultaneously true in one’s mind. That climate change is real, it is a bad thing, we should do all we can to prevent it, and that it will clearly take time to transition, and that all the will in the world likely cannot physically produce all the wind, solar, and other renewable infrastructure quickly enough to make that transition happen in 10 years time.
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