China Guzzles the World's Coal [GRAPHS]

It's a myth that the world has huge coal resources. Similarly, the coal and oil resources that remain are of inferior (low energy) quality. That means you're increasingly paying more to get less. Which means you have a spirallling energy expense account for as long as you delay the use of alternatives.

clipped from www.theoildrum.com The International Energy Agency expects coal production to nearly double by 2030 in their World Energy Outlook 2008 if no large scale governmental intervention occurs. However, when focusing on China, the country that now produces 41% of all coal, the scenario is unlikely to occur because China possesses insufficient coal reserves to sustain production to 2030 at the level expected by the IEA.