Al Gore seems to be having a sort of come-to-Wall-Street moment, and he’s not alone. If some analysts are right, fossil fuels are about to get sucker punched. Peak coal? Peak oil? Peak fossil fuels? It all depends on China.
Michael Parker , an analyst at Sanford C. Bernstein & Co. in Hong Kong, comments on efforts by Tokyo Electric Power Co. to restore power to the cooling systems of reactors at the Fukushima Dai-Ichi nuclear plant in northern Japan.
Thermal coal at Qinhuangdao, China’s biggest delivery port for the fuel, will extend declines in the next two years as production outpaces demand and transport constraints ease, Sanford C. Bernstein & Co. said.