Millions Of Chinese Residents Lose Power After Widespread, "Unexpected" Blackouts; Power Company Warns This Is "New Normal"
Just yesterday we warned that a "Power Supply Shock Looms" as the energy crisis gripping Europe - and especially the UK - was set to hammer China, and just a few hours later we see this in practice as residents in three north-east Chinese provinces experienced unannounced power cuts as the electricity shortage which initially hit factories spreads to homes.
People living in Liaoning, Jilin and Heilongjiang provinces complained on social media about the lack of heating, and lifts and traffic lights not working.
Local media in China - which is highly dependent on coal for power - said the cause was a surge in coal prices leading to short supply. As shown in the chart below, Chinese thermal coal futures have more than doubled in price in the past year.
Blogger's note: Well if Cyber Polygon was just an "exercise", and not a plan then this must be just a coincidence.
Be the first to comment.
Blogger's note: subterrnews.blogspot.com does not send cookies, or collect any information on those using the blog. However, the blogspot is on google, and google may collect information, and send cookies. Many of the links that we connect to do not send out cookies or collect information, but some do. You are keying in to this blog, and you have agreed to this.
The views expressed in the articles do not necessarily represent the opinions of this blog. They are the views, and opinions of the author(s) of the article.
0 comments:
Post a Comment