Global Energy Shortage?

[ABMax24]

China is curtailing coal consumption of its power plants, 100 million in Northeast China are facing prolonged rolling blackouts, in India over half the coal power plants have less than a weeks supply of coal on hand, Europe has seen natural gas prices increase almost 500% in a year, oil and natural gas prices in North America are hitting multi-year highs, panic buying at fuel stations in the UK has caused fuel shortages.

Are we in for a period of energy scarcity? Could energy prices spike to unprecedented levels as has been seen in other commodities such as steel and lumber in the last year?

 

[freeflorider]

Pucker up.

 

[Pedaling pete]

Dont worry, we have solar panels.

 

[MP Kid]

Don’t forget the wind turbines….

 

[zal]

And Carbon Tax. That will fix everything.

 

[The big greasy]

More than likely just another conspiracy.... Some will say.

 

[Luke The Drifter]

No idea if "shortages" are coming. I do know that the current prices helped make my industry is head down, a$$ up, hair straight back busy right now. I think we're lucky to have vast energy supplies close to home in Western Canada instead of having to be solely reliant on imports (yes I realize our wonderful federal gov't imports a disgusting amount of foreign oil in). Doesn't mean the prices won't go up unfortunately. Places like the UK or Japan might have a bit more trouble sourcing oil and gas supplies...

 

[Ryeser]

Also starting to see resin shortages, this will increase prices of many items everywhere! Let's see if the fairy dust will help...

 

[ZRrrr]

Brent crude: $78 a barrel, 3-year high
Asian coal: $185 a tonne, 13-year high
German 1-year power: €108 per MWh, record high
European nat gas: ~$26 per mBtu, record high
CO2 emissions: €63 per tonne, record high

 

[Trashy]

No shortage of coal in the AB/BC coal mines, at least not for the next 75 years

 

[S.W.A.T.]

No shortage of coal in the AB/BC coal mines, at least not for the next 75 years

Except Ottawa said no more shipping it.

 

[Trashy]

Except Ottawa said no more shipping it.

That really help our provinces, eh?

 

[ABMax24]

Except Ottawa said no more shipping it.

One of the only decisions they've made that I agree with.

Mountains are for sledding, quading and hiking. Not for blasting into bits to mine a few million $ worth of coal.

 

[ABMax24]

The British government is putting soldiers on standby to drive fuel trucks if needed to supply fuel stations due to the lack of tanker drivers.

 

[Summitric]

No shortage of coal in the AB/BC coal mines, at least not for the next 75 years

and yet Germany is still harvesting their Brown coal, which is the worst for emissions.... Canada's black coal is much better(if you could call it that), and burns much cleaner, especially in good efficient clean power plants like Genesee/Wabamun was...

 

[ferniesnow]

Except Ottawa said no more shipping it.

Can you provide a link?

I haven't heard Teck Resources getting on their high horse and complaining/challenging anything. A tremendous amount of the BC budget comes from coal and there has been no talk of it not being shipped. The ripple effect would be disastrous; the west coast workers, CP/CN Rail, all the miners in the industry, the service industries, and all the small businesses that the miners spend their big pay cheques at.

 

[Trashy]

One of the only decisions they've made that I agree with.

Mountains are for sledding, quading and hiking. Not for blasting into bits to mine a few million $ worth of coal.

Each rail car that is loaded with coal is about 12-15,000.00 per car and close to 1000 cars every 24 hours, is a little more than a few mill, LOL

 

[ferniesnow]

Mountains are for quading and hiking.

The coal mountains in the Elk Valley don't really have a lot of snow for sledding. Quading and hiking are great, as well as, hunting but the sledding on the eastern Rockies isn't the bestest.

 

[ABMax24]

Each rail car that is loaded with coal is about 12-15,000.00 per car and close to 1000 cars every 24 hours, is a little more than a few mill, LOL

That's cute, $15 million a day.

I'm so glad you think that's enough money to justify permanently destroying a landscape.

 

[ferniesnow]

That's cute, $15 million a day.

I'm so glad you think that's enough money to justify permanently destroying a landscape.

Actually, the reclamation is top notch. Not only in the mountains but also in SE Saskatchewan.