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U.S. News and Commentary



Monday
Aug052013

As U.S. energy resources limited, China continues to opt for coal

Chart: U.S. Energy AdministrationChina apparently isn’t concerned about criticism from the environmentalist-alt-energy corporate sector.

It would be useful for an organization with money for research to investigate how many of the alt-energy firms, especially venture capitalists allied with them, are investing in China-related interests while actively influencing current U.S. energy policy.

The U.S Energy Information Administration said China is the largest global energy consumer. EIA also said:

China is also the world's largest top coal producer and consumer and accounted for about half of the global coal consumption, an important factor in world energy-related CO2 emissions.

Indonesia and Australia are the two largest exporters of coal to China.

Hedge funds in the U.S. recognize opportunity, one reason that may have led Farallon, the company billionaire activist Democrat Tom Steyer founded, to invest in Indonesia’s second largest coal company.

Politico credited Steyer for a “national campaign opposing the Keystone XL pipeline.”

If the U.S. nixes involvement in Keystone XL, China will benefit.

How many wealthy individuals opt for enviro-politics to line their own pockets?

Most media rarely investigate where wealthy Dem donors’ money comes from, a sharp contrast to an ongoing character assassination of Republican Mitt Romney during the 2012 election.

(Commentary by Kay B. Day/Aug. 5, 2013)

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