/biz/ - Business & Finance

>EVA found that, “Once again, the coal power fleet was a principal source of increased power generation to meet demand during the January 2024 winter storm.” And the authors – rightfully – presented that finding with an ominous word of caution: “However, another 98 GW of coal-fired generation capacity, or more than half of the currently operational coal fleet, is announced to retire by 2035.”

By 2035, half the coal-fired power fleet in the US is set to be retired. Very sad and very bad news. If we, like Australia, don't want to use coal for our own energy, let's at least help our trade balance by exporting thermal coal.

https://www.countoncoal.org/2024/02/during-bitter-cold-coal-comes-to-the-rescue-again/

https://www.yahoo.com/finance/news/coal-billionaire-building-world-biggest-052901626.html

>A coal billionaire is building the world’s biggest clean energy plant and it’s five times the size of Paris

The American coal companies are nearly done. The big mines are barely hiring anymore. It's layoff after layoff.

>>57881886
Africa will at some point in this century be the world's growth engine, much as China and other parts of Asia are that engine today.
Later this century, Africans will comprise 40+ percent of the world population. The fastest growing economies are largely in Africa, though they are starting from the bottom and it'll take another generation before countries like Nigeria, Ethiopia, and DRC are truly significant economic players. Africa will have a young population for quite some time as they go through their Demographic Transition that modernity/industrialization brings.

Africa is also a trove of resources. I'm not sure if they're the greatest buy nowadays, but in the future, definitely, there will be a lot of investment in Africa.

And I am not too worried about the IQ issue with Africans. Many have much better morals than our degenerated African-American population in the U.S. And industrialization doesn't require a really high IQ if you're talking about extracting raw resources and farming. Sure, space exploration does, but becoming a major exporter doesn't.

I lived in Ethiopia for a bit 20 years ago. Even then they had pharmaceutical and cement factories and managed them decently. I just wish the US would export thermal coal to Africa to give us more of a market for our product. Coal is the best fuel for early industrialization due to its simplicity of use, storage, shipping etc.

Coal lump, coal bump

Coal lump, coal bump

Beautiful bituminous bump

>>56774175
Nice big specimen
Here is a handsome lump of good old bituminous.