Russia to Export Coal to India Via Iran. It’s a 4 Alarm Bells Fire

Hello sanction lovers. What are you going to do about this?

Russia Plans Coal Exports to India Via Iran

ShippingNews reports Russia plans coal exports to India via Iran

Russia has announced plans to export coal to India using Iran’s railways. This announcement was made during the BRICS transport ministers’ meeting at the 27th St. Petersburg International Economic Forum (SPIEF).

Russia will use the International North-South Corridor (INSTC) to send coal to India. Igor Levitin, Russia’s presidential aide, stated that the first coal shipments will travel through Iran and Bandar Abbas before reaching India.

Mehrdad Bazrpash, Iran’s Minister of Roads and Urban Development, emphasized the importance of the INSTC in enhancing transportation and transit among BRICS countries. During a video conference, he noted that this corridor could significantly boost synergy in the region.

In a meeting with Iran’s Ambassador to Russia, Kazem Jalali, Levitin reiterated that the first coal wagons would transit through Iran and Bandar Abbas en route to India. Both sides discussed cooperation, particularly the Rasht-Astara Railway construction project. This project is crucial for improving transportation links between Iran and Russia.

In a separate meeting, Oleg Belozyorov, president of Russian Railways, discussed expanding bilateral cooperation with Iran’s ambassador. They focused on implementing the INSTC and enhancing railway cooperation to boost freight transport between the two nations.

In 2023, Russia transported 600,000 tons of freight through Iran. This volume is expected to rise to 4 million tons per year in 2024, according to Russia’s deputy minister of transport. This significant increase underscores the importance of the INSTC for regional trade and cooperation.

Understanding the Importance

This announcement was made at the BRICS transport ministers’ meeting but that does not imply any progress on a BRICS currency.

To understand why, please see What Would it Take for a BRIC-Based Currency to Succeed?

However, the announcement does show how increasingly difficult it will be for the US to tell the world what to do.

How Many Tons of Coal?

Four Alarm Bells Fire

Biden will have concerns about Russia, Iran, the environment, and the fact that an ally effectively told the US to go to hell.

The ability of the US to tell the world what to do is ending. In may places, that ability has already ended.

February 18, 2024: How China Gets Around US Sanctions on Semiconductors

February 29, 2024: Sanction Irony, Trade Between Iran and Russia Soars as SWIFT Circumvented

April 23, 2024: The US Threatens to Sanction Companies That Don’t Give a Damn

May 20: The Futility of the US Trade War With China in Two Pictures

May 21, 2014: Another Sanction Failure: The US Blacklisted Xiaomi Three Years Ago Now it Makes EVs

US sanction madness has resulted in failure 100 percent of the time. Let’s review my favorite set of posts in this sanction series.

Biden Eases Sanctions on Venezuela, Blocks Rare Earth Mining in Alaska

The Inflation Reduction Act was supposed to increase permitting in the US. As the election nears, Biden is blocking oil drilling and mining in the Alaska.

Please consider Biden Eases Sanctions on Venezuela, Blocks Rare Earth Mining in Alaska

The most galling aspect of the [Inflation Reduction Act] bait and switch is a desperate need for rare earth minerals including gallium and germanium.

Critical Materials Risk Assessment by the US Department of Energy

Please consider a Critical Materials Risk Assessment by the US Department of Energy

Our own Department of Energy has placed some of the rare earth minerals we need for weapons systems, windmills, batteries, and aircraft on a critical materials list.

Nearly all of the minerals on the US critical materials list are mined or refined in China. In April, Biden just blocked production in the US.

It’s not only political madness, it’s economic madness.

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Thanks for Tuning In!

Mish

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Doly Garcia
Doly Garcia
1 year ago

“Nearly all of the minerals on the US critical materials list are mined or refined in China. In April, Biden just blocked production in the US.”

The reason critical minerals are mined and refined in China today is not because China has more of those minerals. They can be found in many locations, including the US and Europe. The reason is that mining and refining the minerals is rather polluting. So when pollution regulations were introduced, instead of fixing the technical issues with pollution, what was done was shifting the mining and refining to another country. Basically, the sh*t was shifted somewhere else instead of appropriately disposed of.

All of which, by the way, proves that the theory that the magic exogenous variable in economic growth models represents innovation is false. If it was, people would have jumped at the opportunity of creating some innovative pollution-reduction technologies, which would have created economic growth. But that didn’t happen, because it isn’t innovation what fuels economic growth. It’s literally fuel. Energy, of whatever kind is available. Pollution-reduction technologies often reduce efficiency somewhat, so they are somewhat against growth.

The problem starts when fossil fuels (which are called fossil because they were generated in past geological eras and once they run out, they run out) do what fossil fuels were always expected to do, namely, run out. Globally. Then economic growth is over. And all indications are that worldwide peak oil production is being reached about now (production has been rather flat for several years).

We have to think seriously about how a zero-growth economy functions, not because starry-eyed hippies ask you to, but because it’s the economy that we are beginning to live in right now. Almost everything is a trade-off, and there are less and less win-win scenarios. But at least, one of the win-win scenarios should be admitting openly that we are in a zero-growth economy, instead of keeping on dreaming that some magic future innovation is going to get us out of that.

Greg
Greg
1 year ago

?Are Iranian trains F-16 proof?

voza0db
voza0db
1 year ago

Sanction India!

Steve in TN
Steve in TN
1 year ago

The threat “Don’t” doesn’t have the authority it used to have.

Kevin
Kevin
1 year ago

This will piss off the sanctions crowd AND the climate change crowd. And what good is having an Indian VP if it has no sway on India? What’s NOT to love about it?

The obvious answer is to bomb Iran.

realityczech
realityczech
1 year ago

Biden and his board of bystanders created the environment for this to occur. He needs to go…. yesterday.

Rjohnson
Rjohnson
1 year ago

Well surely the US can save the environment and everyone will follow our lead. LOL! Them and their carbon tax schemes. You’ll get your first daily deduction the moment you wake up every morning.

This planet is mad.

MiTurn
MiTurn
1 year ago

This plan by the Russians again reinforces that old adage, “necessity if the mother of invention.” There’s going to be a lot more “mothers” out there coming up with similar strategies due to necessity.

Pavel
Pavel
1 year ago

I think Irans railways are single track and not built for the heavy use for regular coal shipments. This plan is more of an atempt to pressure west. Details not convincing for me. If they announced 5 billion deal to upgrade infrastructure in Iran – that would get my attention.

Hank
Hank
1 year ago

Mish did you see the warmonger Lindsey Graham admit on video today “why ukraine?”

Check it out

https://twitter.com/LindseyGrahamSC/status/1799832487285465244?t=cjWCn7HazD3xX9mwpjvsFw&s=19

Doug78
Doug78
1 year ago

For the moment it is only a “plan”. It reminds me of Russia’s plan to export gas to China by a new pipeline. It was announced two years ago and nothing has happened. China told Russia that they will not finance it and if built wants a special rate that is very low.

The map looks to me more like India circumventing Pakistan to get to Afghanistan. Pakistan is not going to like that and Iran and Afghanistan are shooting at each other. Complicated region to do business.

Dirk Digler
Dirk Digler
1 year ago
Reply to  Doug78

The Russia-Iran-India transit path is not just a plan. It is almost finished being built, with the first shipment probably going this August. Its a train to a boat to another train to another boat – so there will be hick-ups. But they are utilizing a lot of existing, under-utilized infrastructure.

Assuming it is economically viable, there are plans to drastically increase efficiency via standardized containers that can be moved easily between ships and trains. That is the “plan” part, and even there a lot of the basic infrastructure is in place.

The first shipment is a month away, and like every major port and transit route in the west, it will start out small. Its pretty arrogant and foolish for a western european to expect the rest of the world will instantly create something that Europe needed decades to create.

I would place better odds on this Russia to India route being completed long before Europe figures out a cost effective way to replace Russian gas and African uranium (n.b. the “cost effective” caveat)

Doug78
Doug78
1 year ago
Reply to  Dirk Digler

Still a plan with only a token amount expected to be shipped but it sounds good enough to announce and cry victory. it will start small and stay small.

Russian gas was never cheap and was always priced slightly below European gas. Gas prices are now back down to where they were before.Some countries are paying more because they put high taxes on gas and not because they stopped importing Russia gas.

Mali is still shipping uranium to France. Only 20% or France’s needs come from Africa and there are plenty of other sources.

Dirk Digler
Dirk Digler
1 year ago
Reply to  Doug78

The August shipment is a lot more than a token amount, and its in all three countries interest for the route to grow over time. I am sure that NATO politicians will claim they will stop the route, just like they stopped Iran for the last 40 years and imposed crippling sanctions on Russia when it fought back against the Obama-Biden 2015 coup. Russia’s economy grew faster than Biden’s.

Historically it is a mixed bag, but looking at the recent 20 years, a firm plan from Russia – Iran – India has 1000x the credibility of any plan from the EU.

Russia built two new pipelines into China. And the third proposed one is being rerouted to avoid Mongolia – a route change wanted by Russia and China and Kazahkstan.

Mali is shipping evicted French military personnel to France. Are you saying the fleeing french soldiers are smuggling uranium in their shorts? 🙂

Industrial quantities have stopped, unless you are parroting Macron’s nonsense that shipments that were en route (and already out of Sahil) remain in transit. Macron is a bit of a liar, and was desperate to deflect criticism leading up to the EU elections (which didn’t go his way).

Europe is engulfed in a forced sudden de-industrialization caused by Biden’s war in Ukraine. Iran and India are taking advantage of Europe’s weakness to their own advantage, and it helps Russia too.

Russian coal and wheat move south to India. All manner of Indian products plus gold move north – and none of it denominated in USD or EUR. Iran will get goods from both places offering a third work around to western sanctions (in addition to Russia and China).

Last edited 1 year ago by Dirk Digler
Doug78
Doug78
1 year ago
Reply to  Dirk Digler

You clearly haven’t researched your claims and probably never will. Talking to you is pointless then. Hide button is on.

MI6
MI6
1 year ago

This might be one case where trade sanctions would actually work. What does the world need from India?? Nada. Well, useless call centers, which is less than nada. What does India need from the world? Too much to count. If India thinks the Russia invading the Ukraine is a joke being cut off from the rest of the planet might give them a better perspective on whose side they should be on.

If that doesn’t convince them I say give the British army their pith helmets and red jackets and tell them that we’re OK with British Raj II.

Unfortunately, Ukraine is not a war the West can afford to lose (Taiwan is the next item as the all the you eat totalitarian buffet, for starters), although an all out victory is probably impossible and probably not necessary.

Last edited 1 year ago by MI6
Six000MileYear
Six000MileYear
1 year ago

The proposed shipping route certainly avoids Western sanctions; however, I have to wonder what Pakistan is thinking. Iran is trying to gain power in the region, and India/Pakistan are not exactly friends. Overall, I think the proposed route reduces risks to India.

Maximus Minimus
Maximus Minimus
1 year ago

Lets talk business. This is why Chinese cars aren’t going to be allowed into the USA.
Elon better pay attention closer to Earth.

China Smackdown: We Drive 4 of China’s Top EVs:
https://www.youtube.com/watch?v=-Oqv_NRdZic

Last edited 1 year ago by Maximus Minimus
Dirk Digler
Dirk Digler
1 year ago

If gas powered cars get expensive (again), we will do what we did last time. We start using mopeds (small motorcycles) for short commutes. We rely more on bulk deliveries. We take a page from southeast asia where they use small motorcycles, small gasoline powered delivery trucks and small natgas powered delivery trucks.

Vastly overpriced golf carts that are also expensive to repair? Not going to happen. Not the Chinese ones, not the Tesla ones, not the european ones either.

The next time might be “different”, as many Americans already own ATVs and UTVs, which are gasoline and propane powered small “trucks” to use for shorter commutes and local driving.

SpaceX is doing amazing things. Starlink may be better than cell towers. Twitter/X is great…. but Tesla not so much

Dirk Digler
Dirk Digler
1 year ago

Since we are talking about coal power plants and by-passing NATO “leadership”, why aren’t we mentioning that the Sahil countries of Africa (the ones just south of the Sahara desert) have kicked French forces out of the their countries (all of them)?

Why aren’t we mentioning that the French are leaving “first”, but the US military has been told to pack up as well. The second plane out is for them.

It means France loses access to their lowest cost source of uranium. It means a lot of rare earth metals are going to cost more.

The Russians certainly aren’t upset about the US being pushed out, but the evidence on the ground is that the Africans kicked out France and the US was “collateral damage”. More than a century of abusive treatment by France of their former colonies backfired.

France was charging a tax on all these economies with its CFA Franc – issued and controlled by France, used by former French colonies who paid the bid-ask spread on every transaction.

Remember the last time France got the boot from former colony French-Indochina? Americans might recognize France-Indochina by its later name, Vietnam.

Biden isn’t fit to change his own diapers, and he was corrupt his entire life. This senile fool is trying to start WW3 with Russia over Ukraine, but don’t forget he is also trying to create the next Vietnam in Syria, and Sahil countries in Africa.

Wonder why the US military is having recruitment problems? Sign up to get your sex change operation, travel to Africa for no special reason, get to die in the next Vietnam!!!

Jojo
Jojo
1 year ago

Guess we need to blow-up some railroad tracks or shoot out the mountain roads they run over with missiles. There’s more than one way to skin that cat!

Doug78
Doug78
1 year ago
Reply to  Jojo

No need to do that. Just let them lose money lose money with every shipment.

Andre The Giant
Andre The Giant
1 year ago

https://www.bizcommunity.com/article/saudi-arabias-petro-dollar-exit-a-global-finance-paradigm-shift-670911a

Anything here?

Saudi Arabia petro dollar exit – mish usually debunks these reserve currency articles

Last edited 1 year ago by Andre The Giant
Kevin
Kevin
1 year ago

Global oil sales are a small fraction of global dollar transactions. The petrodollar route is not as significant as it was in the 1970s.

D. Heartland
D. Heartland
1 year ago

Is Coal Green again? OH, wait a minute, it is BLACK. We are good. 😉

Martin Phillips
Martin Phillips
1 year ago

I have read every post and I am amazed at the narrow view that everyone seems to have. This is not about coal or economics. It is showing the US that BRICS+ exists and can do business. The entire point of BRICS+ is to remove the USD from the equation. So the transaction won’t be in USD. This will be verifiable by the US and of course, everybody else knows about it. It does matter who is President. The future will be the same. America is dying.

Casual Observer
Casual Observer
1 year ago

The Fed can keep things going longer than most people think. The US is playing a dangerous game but I predict they will end up being the best currency in a world of bad ones. Leadership will turn over in Russia, India and China by the end of the decade. Hard to predict what their citizens will do next.

fomoc
fomoc
1 year ago

It seems to me that the fed are not at all keeping things going, a myth tptb want people to believe, but creating a much bigger mess for the US by manipulating interest rates and the substantial debasement of the dollar they did. If we could be rid of their reckless senseless hand in our economy, it could return to a more stable organic state that is beneficial for all. The majority of US citizens and voter’s are unaware that the fed board of governors who vote to continue interest rate manipulation and voted for the massive money printing that contributed to raging inflation are appointed by the senators, who also continue to add to the monster national debt, that we just voted in favor of last November. So we Americans have actually been voting in favor of the interest rate repression, inflation and debt that is crippling our country.

Mousielove
Mousielove
1 year ago

Are they making heavy water the old school way, like Vemork did? Asking for a friend.

Dirk Digler
Dirk Digler
1 year ago

Biden’s decision to end the SWIFT monopoly was galactically stupid, and if he had competent handlers they would have given him an extra ice cream cone and sent him to bed.

Starting a pointless war in 2015 to protect one’s Bursima bribes was dumb. Destroying your employer’s means of placing a sales tax all global trade was galactically stupid.

Its also an error future presidents cannot undue.

BTW – Russia and India (and Iran) announced this two weeks ago.

The USD may not get “replaced” as global reserve currency per se, but it is already being diversified away.

DavidC
DavidC
1 year ago

No one cares. This is small $$ being shipped more expensively than it has to be. Russia has been costing itself massively by not being able to ship Fossil Fuels directly to Europe faster, cheaper and for higher prices.

D. Heartland
D. Heartland
1 year ago
Reply to  DavidC

One of my best Friends has a Pal he went to College with that is in the Nat Gas, Oil and Coal businesses as an Investor.

ALL IS WELL IN RUSSIA. My pal is American and stays in touch with his old pal and Visits often and he says that things are “NORMAL” in Russia, as Normal as can be.

He said the Vodka is dirt cheap.

Doug78
Doug78
1 year ago
Reply to  D. Heartland

My cousin’s next door neighbor has a friend whose father works in the backoffice of a regional broker and he overheard a salesman talking to a Russian in Brooklyn on the phone that confirms your story.

realityczech
realityczech
1 year ago
Reply to  Doug78

Yeah? Well my mother’s podiatrist has a neighbor that knows someone’s lover who is in the same Spanish club as this high dollar maritime prostitute who has a John who said he heard from his wife’s boyfriend that Russian vodka is down only 8%.

fomoc
fomoc
1 year ago
Reply to  D. Heartland

Not surprising that alcohol would be cheap there as an attempt to alleviate the pain of the massive debasement done to the Russian ruble’s value, much worse than done to the US dollar. I don’t know much of how their citizens deal with that but I wouldn’t like it.

Andrew Belov
Andrew Belov
1 year ago
Reply to  fomoc

Well, frequent drinkers hardly have any money in the bank but for those concerned, Russian banks take in deposits in foreign currencies (mostly yuan). Real estate is another major “savings vehicle”.

Andrew Belov
Andrew Belov
1 year ago
Reply to  D. Heartland

Well, Mish’s blog has some Russian readership and if one wants a first-hand confirmation, the fallout from sanctions has indeed been manageable so far.

Toutatis
Toutatis
1 year ago

https://www.rferl.org/a/kyrgyzstan-uzbekistan-china-agreement-railway-project/32983143.html
“China, Kyrgyzstan, and Uzbekistan have signed an agreement on a new railway project to connect the three nations that Chinese President Xi Jinping called “strategic” for his country and Central Asia.”

Probably all these railway projects will be connected to each other

Ursel Doran
Ursel Doran
1 year ago

A reminder for all here who are watching the events here and abroad.
Not only is Biden in a a VERY advanced stage of Dementia it is important to understand that he is just Stupid. Maybe bought into the Green New Deal?

There is an old video of him running toward a small gathering at a rally screeching at the top of his voice, “Look into my eyes, I promise you I am going to eliminate hydrocarbons”. Massive stupidity beyond belief.

What he did do is to double the price of gasoline and diesel thus jacking the price of all food and goods hauled by the hundreds of millions of trucks all day every day.
As he has been sucking off the governments breast most of his life and NEVER buys his own groceries or gas he is quite clueless about the Sheeples problems and can care less.

He is quite obviously an empty shell installed by the STOLEN illegal election engineered by Obama and Soros who chose Kamala to be the V.P.

Anyone that does not KNOW the election was stolen needs to see the Desouza movie, “2000 Mules’, on the ballot box stuffing.

Sky Wizard
Sky Wizard
1 year ago
Reply to  Ursel Doran

A reminder for all here spreading unsubstantiated hysterical nonsense: Calm your man-mammaries.

Martin Phillips
Martin Phillips
1 year ago
Reply to  Ursel Doran

wow, you have taken it hook line, and sinker. Of course, that is exactly what the Russian hackers wanted.

Sentient
Sentient
1 year ago

Are these “Russians” in the room with us now?

WildBill
WildBill
1 year ago

Halford MacKinder’s worst nightmare coming true

Ockham's Razor
Ockham’s Razor
1 year ago

¿Coal by train? ¿From Siberia to India? The locomotives’s fuel will cost ten times the freight. Furthermore, if Russia makes bussines with India, China will get angry, bad for Putin.
Ecologists, of course, will shut their mouth because they are watermellons (green outside, red inside)

Dirk Digler
Dirk Digler
1 year ago

Its not starting in Siberia, and Russia already sells lots of crude oil to India (which China is fully aware of).

Many developing countries are increasing their use of coal fired power plants, including China and India… and Germany (which knocked down some ineffective solar arrays to restart coal plants out of necessity).

The first shipment is coal, but the transit route is intended to carry all sorts of goods back and forth. When the deal was announced two weeks ago, there was discussion whether this route was a compliment or an alternative to China’s one belt initiative.

For Russia, Iran and India – its a great way to reduce dependency on China without threatening any Chinese projects.

The only losers are Australia (it may sell less coal to India) and the US-UK-AUS alliance, which was very visibly unable to push India around (Iran and Russia couldn’t give two hoots what London or Washington think)

MI6
MI6
1 year ago

Are you sure about the cost? You might be right, shipping by sea costs nothing but I think railway freight is still pretty cheap. It might be doable. But it’s not like shipping coal is going to make the money that wheat or cars will. And, there are alot of mountains in Iran.

Kevin
Kevin
1 year ago
Reply to  MI6

Almost all the coal shipped within the US is by rail. You can see so e really long coal trains in Colorado.

RichardF
RichardF
1 year ago

Appears things such as real goods and services are going to have to be made in America once again.
Putins’ mult-polar world is becoming reality as US Hegemony fades and with it US Globalists power base erodes.
So what is there to be done to make America Great Again?
One place to start and it remains a minority view, is keep a strong currency via interest rate regime and bring Eurodollars back to US shores. Make the US a great place to invest once more.
Does Powell even understand what is happening all over the Globe? Sure do hope so.

Certainly not going to happen under a second Biden regime.
Which leaves The Donald as emissary for a rebuild America approach.
Steve Forbes by the way made a post that it is only a matter of time until Joey is put into a dumpster having outlived his usefulness, and according to Steve, Hillary is going to get resurrected.

There is that pesky donation trail to Trump by Business community which suggests that at a deeper level there are some people with influence that get what is happening.

RichardF
RichardF
1 year ago
Reply to  RichardF

Forbes of course did not use the word dumpster he is far too diplomatic and versed it differently.

DavidC
DavidC
1 year ago
Reply to  RichardF

Of course the Angry Orange Mussolini Wannabe IS a Dumpster Fire. And the rest of the world realizes this fact.

RichardF
RichardF
1 year ago
Reply to  DavidC

A some point in your Life you will out of necessity need to put on your Big Boy Long pants.

Martin Phillips
Martin Phillips
1 year ago
Reply to  RichardF

There won’t be an America if Trump wins. He also has chronic mental illness.

RichardF
RichardF
1 year ago

well you better get used to it. Trump says he will eliminate taxes on Tips paid for service.
Seems that idea going to register strongly in a swing state like Nevada where Tipping for servicing tourist industry is a good component of the Job market.
Unlike Biden who wants to increase tax audits.

RonJ
RonJ
1 year ago

The Democrats keep trying to peddle that propaganda. remember it was Obama who said he was 5 days away from fundamentally transforming America.

realityczech
realityczech
1 year ago

lol, ok MSNBC watcher.

Kevin
Kevin
1 year ago

That’s why I am voting for Trump. He will bring the system down faster than Biden but leave it in a more recoverable state (without energy infrastructure totally gutted or ruinous climate change policies). His over the top support of Israel will be what it takes to get Americans to see the full cost of having Israel as n “ally”.

MVP
MVP
1 year ago

Trump is hopelessly stupid and completely full of crap, but he represents no unique threat to the USA. That threat is the entire corrupt shadow government system that will prevent him from straying too far out of line, and is the very system that guides senile Joe in all his stupid decisions.

Voting in the USA is a fool’s errand. And the only reason to vote for either of these clowns is stupidity.

We are screwed.

Hank
Hank
1 year ago
Reply to  DavidC

David Hogg you need to get back on your SSRIs as your estrogen levels are spiking

whatever
whatever
1 year ago

Part of the problem with US bullying is it grew from a few simple real politic concepts – protect Americans abroad, protect world commerce with an eye on tipping the scales so American companies win business – to what are considered “moral” considerations like “exporting democracy” from the right and “exporting gay everything” from the left.

Trying to force democracy on cultures that don’t want or need it alienated a huge swath of the world, and forcing acceptance of degeneracy pissed those people off even more, plus alienated a whole lot more cultures where they are fine letting that stuff happen out of sight, out of mind (don’t ask don’t tell). If the US had basically kept to the Benjamins and just tapping down on any world violence that blocked commerce I think we would be at a different place.

Scott Craig LeBoo
Scott Craig LeBoo
1 year ago

Remind the Indians its already 125 degrees in Bombay and it isnt gonna get any cooler burning that crap.

DavidC
DavidC
1 year ago

They don’t care as long as they get a huge discount.
This is an irrelevant issue and won’t last long.

Sentient
Sentient
1 year ago

Buy an electric lawnmower to cool down Bombay.

Cato the Uncensored
Cato the Uncensored
1 year ago

Wanna bet the Indians will re-export a lot of that coal to Europe so it doesn’t have to burn “dirty” brown coal from Germany to keep the lights on?

Neal
Neal
1 year ago

Not economic. If Europe wanted long haul coal there are any number of countries including the US and Australia that could provide it cheaper than double handled Russian via India coal.

DavidC
DavidC
1 year ago

Nope. Outside of Germany, none of the major economies are coal dependent. And Germany is getting off of that too.
Coal is only popular in places that allow the massive pollution. Nearly all Coal in Western Advanced Economies will be gone or almost completely reduced by the end of the decade.
Battery Storage, renewables and Gas are replacing Coal rapidly in Advanced Economies.

Cato the Uncensored
Cato the Uncensored
1 year ago
Reply to  DavidC

Batteries & renewables won’t keep the lights and heat on in Europe. It’s pure fantasy to think they will. Europe with either start buying even more Russian gas than they buy now (and they do, despite their blathering about sanctions), or they will start burning more coal.

MVP
MVP
1 year ago

Or they will pull their heads out of their asses and restart nuclear power.

Oh wait, this is the EU – their heads have been surgically affixed to their colon.

TexasTim65
TexasTim65
1 year ago
Reply to  DavidC

Gas and Nuclear are the way forward for Europe. Renewables won’t scale up enough to be more than a small fraction of the power required especially if AI actually does take off.

mila
mila
1 year ago

As we have the eco nerds pushing their green agenda, India carries on with coal! What a comedy of error!

Dirk Digler
Dirk Digler
1 year ago
Reply to  mila

Most countries outside of the G6 (Europe, Canada, and Biden parts of US) are increasing the use of coal fired power plants.

China has built more coal plants in the last year than EU/US dismantled. Much of southeast Asia and Africa are continuing to build coal plants.

The eco-terrorists are crazy and don’t have any viable alternatives to fossil fuels.

PapaDave
PapaDave
1 year ago
Reply to  Dirk Digler

Yep. China is still building new, more efficient coal plants, while retiring older less efficient ones. Still an increase in coal generation capacity overall.

Most of their coal plants operate only around 50% of the time, as they will use all other power sources first, and coal last in order to reduce pollution.

2024 should be peak coal use in China as they are adding more renewables each year than the rest of the world combined. Coal use will decline going forward. This is bad for Aussie coal exporters.

India is going to need more coal as demand for power is growing so fast there.

Tom Bergerson
Tom Bergerson
1 year ago

The US under Biden’s handlers have vastly overplayed their hand.

Strategic failure on many levels. You do not EVER wqant to reveal 1. That your power has limitations and 2. What the practical limit on those powers actually is

Biden is similar to the old saying: “It is better to keep one’s mouth shut and be thought a fool, than to open it and remove all doubt.”

Teddy Roosevelt had it right

Speak softly and carry a big stick.

Our perverted unelected Security State morons who have usurped the power of governance in our now no longer a Constitutional Republic USSA with the Biden puppet their horrifying front man, have now got it precisely backwards. They speak loudly and carry a nerf baton

DavidC
DavidC
1 year ago
Reply to  Tom Bergerson

Get a grip. India has been independent for ages. They’ll bleed the Russians dry over time. Just like China. Getting discounted Fossil Fuels helps India and NOT Russia. It’s causing Russia to keep up a War that is wrecking their country.
The USSR collapsed for similar reasons and now Putin is trapped getting his workforce slaughtered and burning through their Military Weapons Systems, instead of being able to sell them to the rest of the world.

TexasTim65
TexasTim65
1 year ago
Reply to  DavidC

If it’s bleeding Russia dry then it implies India is getting energy cheaper than the rest of the world. That means India’s economy is growing and what happened with China 20-30 years ago will be happening in India going forward. It means that US products will become even less competitive (think Indian steel dumping and so on) as another HUGE economy ramps up.

In other words more and more countries are winning while the US is stuck in neutral.

Last edited 1 year ago by TexasTim65
Sentient
Sentient
1 year ago
Reply to  DavidC

The Russian economy is so wrecked that Putin just got 87% of the vote.

Jojo
Jojo
1 year ago
Reply to  Sentient

It wasn’t a real vote. D’oh.

MVP
MVP
1 year ago
Reply to  Jojo

Funny how when the vote matches Western polls nobody puts that together.

Tom Bergerson
Tom Bergerson
1 year ago
Reply to  DavidC

If you think the US War on Russia is wrecking the Russian economy you are mis, dis and mal-informed. Stop listening to CIA media, ie, all corporate media in the empty set that used to be called “The West”

MVP
MVP
1 year ago
Reply to  DavidC

Then you woke up.

You have to remember, Russia entered this war with close to a single digit debt to GDP. Of course sanctions are hurting them more than they will admit, but they are wrecking Europe far more. Luckily for the US, the EU High Command doesn’t give a flip about EU citizens.

deadbeatloser
deadbeatloser
1 year ago

I’m an idealist
No Tariffs
No taxes
Free Trade

The further away from that you go, the worse it gets for the little guy.

RichardF
RichardF
1 year ago
Reply to  deadbeatloser

I was once an idealist but Life teaches a hard lesson, trying to eat Rainbows and Sunshine just does not pay the Bills.

DavidC
DavidC
1 year ago
Reply to  deadbeatloser

Russia isn’t the Little Guy. They (and the USSR) have historically STOMPED on the Little Guy.
Ask Poland, Chechnya, Georgia and the Warsaw Pact.
Now they’re getting their workforce killed attacking instead of building or shipping products.

Sky Wizard
Sky Wizard
1 year ago
Reply to  DavidC

Every chapter of Russian history begins with “and then, it got worse”

Everything they touch turns to suck.

Hank
Hank
1 year ago
Reply to  Sky Wizard

Sounds like Chester/Sky Wizard and her emotionally insane and sick democrat kulaks

MVP
MVP
1 year ago
Reply to  DavidC

And Ukraine is sending 50-year-olds to the front – must be saving the young guys for later, right?

Kevin
Kevin
1 year ago
Reply to  deadbeatloser

We ran the free trade experiment. The data is in and it appears Ross Perot was right. Same with the open borders experiment.

The Libertarians are quite correct on central banking, money and non-interventionism, military spending, free speech and welfare programs.But not letting corporations run wild.

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