While the European economy is facing a severe contraction due to skyrocketing natural gas and energy prices, Big Energy Cracks are now appearing in China. Due to high LNG prices, China has switched to producing and burning more coal. Even with rising coal consumption, China may still suffer from power outages again this summer. This could be bad news for China and the rest of the world…
BIG ENERGY CRACKS NOW APPEARING IN CHINA: High LNG Prices Forcing China To Burn More Coal
