SHORT TAKES ON THE DRIFTING WRECKAGE – OVERNIGHT:

THE WAY THE REAL WORLD WORKS – FROM BREITBART:   CNN noted on Wednesday that China made an effort to scale back coal production this year to placate climate change activists, but those desultory efforts simply evaporated in the face of rolling blackouts that interfered with the Chinese Communist Party’s (CCP) industrial goals.  China’s power grid remains heavily dependent on coal and its international Belt and Road infrastructure program has littered the Third World with more coal-burning plants. China added over three times as much coal-fired generator capacity in 2020 as the rest of the world combined.
The Communist Party tried increasing the price of electricity and encouraging its subjects to reduce their power consumption, but in September the pretense of restraining coal production was quietly abandoned and coal inventories began growing again. Now the National Development and Reform Commission (NDRC) is telling mine operators to increase production by all means necessary, and outlawing shutting down any Chinese coal mine.   I wait breathlessly for criticism of China from the left wing of the Democratic Party.  I'll tell you if I hear anything.  Check me next July.

October 22, 2021