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[–] 1 point 3 weeks ago (1 child)

Fossil fuel consumption hasn’t actually gone down.

Hasn't it? We've cut shipped supplies by around 20% and prices have jumped into the $100/bbl range.

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  • [–] [S] 1 point 3 weeks ago* (1 child)

    And one main reason the prices aren't worse and the fuel hasn't run dry is that China massively ramped up its use of coal.

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  • [–] 2 points 3 weeks ago

    They haven't. Coal consumption has seen a marginal increase. But ask the Australians about the coal market right now. Chinese coal consumption fell far short of Australian coal mining expectations. That country is spiraling into recession as a result.

    The bulk of new energy investment in China has been in solar. And they've been building out a grid to match

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