The Energy, Market, And Political Page, T+8 -- June 8, 2018

Tripling Down: wow, the press has to love this president. First this theme: "G6+Trump." Then, this theme, "Trump wants a G8; wants to invite Russia back."  Now, the next theme: global warming, what global warming? Trump is expected to skip the G7 conference on the environment. LOL. The press can't wait to cover this debacle. Folks have suggested he send Scott Pruitt, but then Scott would be accused of taking an unnecessary flight at taxpayer expense. Meanwhile, Trump can use that time to prepare for the Singapore summit with Kim Jong Un. The press is already reporting that the president is not spending enough enough preparing for the summit.

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Coal. What's In Your Back Yard?

Yesterday I posted this: Wow, did anyone see this coming? China slashes solar installations. There are only four reasons why China would do this (I will list three):

• policy decisions; knows global warming is a scam
• solar is incredibly expensive and won't meet the needs anyway
• regardless of what anyone says, the only way China can meet energy demands: with coal

So, that was the solar story yesterday.

Now, today, from Bloomberg, "coal rallies to a six-year high as heatwave fires up China demand. 

China’s power producers have been challenged by extreme weather in 2018, from a cold snap in January to a heatwave in May, draining stockpiles. The nation has boosted coal imports by 8.2 percent to 121 million tons in the first five months this year even as policy makers imposed restrictions on some shipments. Australian cargoes bound for China jumped to an all-time high in April.

Let's see? Didn't the global warmists / faux environmentalists telegraph us this was likely to happen?