Friday, June 24, 2005

Vacancy: We need an energy minister

The Prudent Investor - seeing too many bubbles: China's BIG Problem Goes by the Name of Energy The government must either find a way to dramatically reduce the country's dependence on coal, or it must adopt the best available technologies and practices to enhance the efficiency and cleanliness with which coal is mined and transformed into energy. Both options necessarily involve huge costs. Given the large size of China's coal resources, it is most likely that the government will prefer the second option.