Energy Transition Hits Some Inconvenient Economic Trends

November 9, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The worldwide energy transition is running into difficult economic realities, two speakers said Tuesday at an energy conference in Oklahoma City, Oklahoma, organized by the Federal Reserve Banks of Kansas City and Dallas. Ken Medlock III, senior director of the Center for Energy Studies at Rice University (Houston, Texas), told conference attendees that China plans to bring on 100 new coal mines by 2026. "The non-OECD countries, which comprise about 6.8 billion people, is where the energy action is today and likely will be for the foreseeable future. Demand for coal is huge and rising, and most of that demand will take place in non-OECD Asian nations."