China being impacted by high energy prices - Oct 5

[dan_s]

From OilPrice.com

- China is set for a tumultuous winter as a nationwide power crunch is eating into Chinese demand for commodities, compelling analysts to revisit their forecasts for its 2021 economic performance.

- Two-thirds of the nationwide total, 19 provinces have introduced power rationing over September, mandating industry participants in refining and other segments to decrease production.

- The ongoing global gas shortage, having already pushed spot Asian LNG prices to some 35 per mmBtu, and simultaneously surging coal prices, have been the prime suspects behind this, although the Communist Party’s ban on electricity generators to increase bills for consumers also played a large part.

- Chinese authorities seem to be open to relaxing safety rules in the country’s manifold coal mines so as to alleviate the energy crunch before the official winter heating season starts 15 November.
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The "Woke Energy Policy" will lead to more coal being burned for power generation. With idiot running Washington we will see more CO2 pumped into the atmosphere.