Tag Archives: china

Stacy Summary:  Deniers will shriek. But at Maxkeiser.com we live in the real world and so give you only the real data. Live in cuckoo land if you wish, but please don’t talk in your sleep. For real worlders – you don’t need to be a rocket scientist to know that we have hit peak oil, all the evidence supports that. As we have told you for years, however, forget what you hear (shrieked) about renewables, the plan is, and always was, coal. As you will see below, the empirical evidence is now supporting this. Our earlier assertions, however, were made based on Department of Energy own forecasts and by facts on the ground (i.e, the UK began building new coal mining operations). Our assertions were met by bombardments of shriek about peak oil being a hoax. Whatever. Just look at the frigging data. And note that this increase in coal use will lead to more global warming; you can shriek all you want but the plan is geo-engineering and not what the shriekers are shrieking about carbon taxes. Look at the facts. Trust me, you will end up dead, broke or just plain stupid if you scurry around like a headless chicken thanks to the shriekers.

• 2010: Rothschild Buys Indonesian Coal Stakes for $3 Billion
• 2011: China Coal & the Great Doubling

Indonesia, in particular, raised its production of coal by an almost insane 20% over 2009. Indeed, a number of the regions that I have previously identified as having deep, recoverable reserves raised production in 2010 by substantial margins. The global transition back to coal is fully on course, with a veritable second Age of Coal now on the horizon.