‘Unprecedented’ China Power Outages: 2/3 of China in the dark due to intensifying coal shortages... is China about to implode?

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[–]Canbot 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (13 children)

This sounds like total BS. China has huge coal reserves, that is why they built coal fired plants instead of nuclear. They have the technology to do that.

Don't trust anything coming out of China, remember how they pushed out fake videos of people collapsing in the streets from corona? It was all fake.

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (12 children)

I've recently read only 14 days of coal reserves remain in china, and only 4 days in india. Not sure if it's true, but if it is, it's a dire situation as China scrambles for more coal.

[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (11 children)

Just because someone wrote it doesn't make it true. It contradicts logic, and everything else that has been said about coal reseves in general and especially in China.

This is most likely a market manipulation scam by powerful investors.

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (10 children)

Why does it contradict logic? It logically fits right in with the fact they've cut off their largest coal supplier.

You seem to be assuming it's false, with even less evidence.

[–]Canbot 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (9 children)

Because China is enormous for one. Everything I ever heard about china's coal reserves prior to this was that they were massive, which fit perfectly with other undeniable facts like that they chose to build coal plants almost exclusively. You don't do that with a shaky coal supply.

We live in the age of propaganda, old info is better than new info.

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (8 children)

Well they didn't have a shaky coal supply until recently. It only happened because Australia wanted to investigate the origin of covid, and in response China cut of all trade relations. They have to balance their economic goals with their geopolitical goals, and I think they may have miscalculated in this instance.

[–]Canbot 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (7 children)

According to this China produces just over half of the WORLDS coal supply. And has 13% of the world's reserves, one of the largest reserves in the world.

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

Yes and yet they still became a net importer of coal over 10 years ago because they can't keep up with their own demand. Which is why them cutting trade ties with Australia was such a bad move on their part.

[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

They can scale up production at the drop of a hat. The reality is that with the escalations in the region there is a possibility of war, and with that comes gamesmanship, strategy, positioning, and deception. Project strength where you are weak and feign weakness where you are strong. Nothing coming out of China should be taken seriously.

It is simply unbelievable that China does not have energy security. It is very believable that they would stage blackouts, or simply create fake reports of blackouts.

[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

I don't think they can scale up production at the drop of a hat. That's the whole problem

And the news is from international observers, not the Chinese government