The worlds largest polluter tried to run and tried to hide from the CO2 and soot and sulfur killing it's people, but now they appear ready to break on through to the other side. China will start being part of the solution on global warming. To do that, they are about to implement a carbon tax. E-gads a carbon tax, end of civilization so says the Kochs and Peabody. As a fair tax, those that pollute, or buy products that pollute, incur a higher cost and the tax goes either to fund alternative energy or health care, sounds like the end to me, fair tax, clean air, low polluting products are more competitive. I can see why fossil fuel is freak'n.
Then today another bummer for dirty coal. China will soon set new kcal/kg and sulfur standards in coal. kcal/kg is kilojoule per kilogram, a measure of how much heat a kilo of fuel gives off when burned. Much of what they import from the US is in this low btu range. The big push for coal export ports in Oregon and Washington suddenly look less likely. Indonesia will be lose the most, their coal is low btu crap. Australia the winner with hot burning coal, plus the freight distance is less than half of coal from the US.
The Doors keyboard player Ray Manzarek died this week. This is the end.