ProudFossil wrote:How will the following statement by Steven Chu affect Peak Oil?
Now White House Energy Secretary Steven Chu has made it clear that “massive” amounts of coal-fired plants in the United States will be closed down over the next five to eight years.
Are we facing real "let the bastards freeze in the dark" possibilities?
There's about as much connection between oil consumption and
the use of coal-fired plants in US as my gasoline consumption and the unrest in the middle East. 90% or more of coal is used for electricity but less than 1% of electrical production comes from
oil. And useage and capacity of turning oil to electricity has been
in a downward direction for many years, and especially since
the oil price surge a few years ago.