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Why Abbott is lying when he says a price on carbon will kill the Coal Industry.

17/08/2011

China has dragged steel output volumes skywards, and where a blip on the chart is the setback that country saw in the late 2000s it resulted in significantly lower production around the world, indicating just how much of the metal is made in China.

 (via Alan Kohler’s Graphs – http://www.eurekareport.com.au/iis/iis.nsf/webkohlersgraphs)

If a picture paints a thousand words, then this one paints thousands of jobs and billions of dollars. If you logically extend the climbing red line, soon China will be the biggest producer of steel then the world combined. The demand for coal will not stop for a while. Yes eventually China will have steeled its self out, but while there are still areas of China that are undeveloped and its people in poverty, this will not slow down. Not even with a price on carbon.

A. Ghebranious 2011 (All Rights Reserved)

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4 Comments
  1. Jennifer Baratta permalink

    Here we go again

  2. ashghebranious. You are a nong. You are an economic illiterate. Don’t blog, don’t give opinions, don’t try to interpret Alan Kohler’s graphs, just sit in a corner and suck up whatever substance it is you excessively abuse

    • China’s demand for steel is not dropping off. And that means coal and coal quickly and that comes from existing working mines.

  3. https://ashghebranious.wordpress.com/
    Reread my comment. You are simple.

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