04-24-2008, 06:37 PM
<b>China's coal reserves down to just 12 days</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Beijing, April 24: China's booming economy, which relies on coal for 70 per cent of its electricity, could be running out of steam, with the country's coal reserves down to just 12 days.
China has just 12 days of coal stocks at most power stations, with some provinces bordering Beijing having less than a week's reserves, the state electricity regulatory commission revealed on Wednesday.
Even though Chinese coal production in the first quarter of this year was up almost 15 per cent on the same period last year, it has apparently not been enough to meet the rapidly growing demand for power from an economy that has been growing by 10 per cent a year for more than two decades, NewScientist online said.
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couple of accident and here comes unrest. plus if you add high oil price and Bird flu and mad cow disease and couple or recalls. West can wrap them up pretty fast.
China has just 12 days of coal stocks at most power stations, with some provinces bordering Beijing having less than a week's reserves, the state electricity regulatory commission revealed on Wednesday.
Even though Chinese coal production in the first quarter of this year was up almost 15 per cent on the same period last year, it has apparently not been enough to meet the rapidly growing demand for power from an economy that has been growing by 10 per cent a year for more than two decades, NewScientist online said.
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couple of accident and here comes unrest. plus if you add high oil price and Bird flu and mad cow disease and couple or recalls. West can wrap them up pretty fast.