Thursday, April 21, 2022

Overoptimistic coal forecasts keep on being revised down

 Every year, Australia's right-wing government projects that future coal production will rise.  For the first time, they're forecasting a fall (from the 2019 peak).  If they're overoptimistic again, coal production will have peaked and will be in a declining trend.  This is not because of an absence of supply -- there's plenty of coal in Australia -- but because demand has prolly peaked.

From a tweet by AskGerbilNow




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