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Play Time

Hi Everybody - My husband and I will be heading for the Pacific Northwest for a couple of weeks, and during that time I won't be posting. Pay attention to your favorite financial/economic blogs (Max Keiser, Economic Collapse, Zero Hedge)- there's trouble ahead, especially in Europe.
Be well, and take care of each other.

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New World Environmental Leader?

March 5, 2017 - China's coal consumption dropped for the third year in a row in 2016.  This, coupled with the country's shift away from heavy industry, could well portend cleaner air and water. As you know, cleaner air in China means cleaner air everywhere. With a population of 1.35 billion people, China currently produces twice as much carbon dioxide in the form of emissions as the United States.

Given that the US has a population less than 1/4 the size of China's, their emissions would quadruple our own, if their standard of living matched ours. Thank goodness it doesn't. Be aware, however, that the government of China is transitioning to an economy based on consumer spending. That could spell trouble.

In the meantime, China's National Bureau of Statistics indicates that China's coal consumption fell by 4.7 percent in 2016. Coal's share of total energy consumed fell to 62% in 2016, from 64% in 2015. In the United States, by contrast, the government pledge…