In my post about Victor Davis Hanson’s talk, I wrote that the US is the world’s largest coal producer. It turns out that I was wrong. And by “I was wrong,” I mean just that. It was my error, not Hanson’s. I was simultaneously trying to listen to Hanson, eat a divine chocolate dessert, and take notes. That’s not a good combo, and I’m pretty darn sure I misrepresented his statement about US coal production.
Here’s the skinny, from Donkatsu:
U.S. has the world’s largest reserves of coal, almost half of the total, but we are second to China in production of coal. China is now a net importer of coal, which why it is increasingly profitable for the U.S. to export to the world – higher prices.
Russia has a shale formation in West Siberia, Bezhmenov, that is believed to be much larger than North Dakota’s Bakken. However, they need foreign technology to get it out. China has shale gas resources about equivalent to those int he U.S. but most of it is in regions without much water, a key ingredient in hydraulic fracturing. (messaging – suppose the industry had called it “water stimulation” instead of hydraulic fracturing).
And there’s more, too, The U.S. is commonly portrayed by the egregious Tom Friedman and B. Obama, among others, as being on the sidelines of energy developments in the world. In fact, we are #1 in wind capacity, #1 in biomass (bigger than Brazil), #1 in natural gas, #3 in crude oil (headed for 1 or 2 soon), #2 in coal, # 1 in geothermal and #4 in solar PV.