About the Author

Richard Cochrane is trained in chemistry and metallurgy but is far more interested and practiced as a political and fund raising consultant, writer and amateur historian. He grew up in a Navy family and with his two younger brothers carried on its 500+ year tradition of naval service to Great Britain and the USA then enjoyed a career with one of the largest advertising and public relations agencies working with numerous Fortune 500 companies and many of America's premier educational institutions. He maintains friendships and acquaintanceships around the world. He lives in Santa Barbara, California.

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Coal Rush Sends Prices To New Records While U. S. Dithers.

March 12th, 2008 • Richard Cochrane
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China Coal ImportsChina and even Persian Gulf countries are building coal fired power plants. China is demanding more coking coal for steel making in addition to thermal coal for power generation. For the first time last year China imported more coal than it exported.

This could be good news for the U. S. with 27% of the world’s coal reserves. But, the coal industry is more of a perceived pariah that oil producers.

Although others are going full tilt into coal and U. S. is roping off much of its deposits from export or use in domestic power production. Coking coal is virtually ignored in the U. S. since its steel industry has almost disappeared since World War II.

OPEC cites the unwillingness to use its own oil and coal reserves when refusing to raise production. Humans have used ONE TRILLION BARRELS of petroleum of TWELVE BILLION known to exist. Coal, tar sands, a oil shale reserves exceed all liquid reserves, and much of those reserves are in North America but it too is roped off by regulations and government policies.

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