Sat, Feb 28, 2015, 10:34 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Arch Coal Inc. Message Board

  • yerbolatd yerbolatd Feb 13, 2013 12:19 PM Flag

    China chokes but keeps burning 9% more coal each year

    Unfortunately, Beijing is fighting an inexorable trend. China, where coal is king, has been building one new coal-fired plant a week for years, just trying to keep up with its rapidly growing economy. The coal-powered capacity that China has added in the past five years exceeds that of all the U.S. coal power plants combined.

    China’s momentum is frightening, with coal consumption rushing toward being nearly three times higher than it was in 2000.

    This shouldn’t surprise anyone. After all, China consumes nearly as much coal as the rest of the world combined, according to the Department of Energy’s EIA.

    China’s coal demand averaged 9% per year from 2000 to 2010, more than double the global growth rate of 4% and significantly higher than global growth excluding China, which averaged only 1%, according to the EIA.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
1.31-0.03(-2.24%)Feb 27 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.