Coal’s unexpectedly bright future, but not for Australia
When the war in the Persian Gulf began back in February, it triggered a series of events that would be felt for decades to come, not only in the world of geopolitics but also in the balance of global energy consumption and manufacturing.
By cutting off much of the supply of oil, gas, fertiliser and other vital commodities to Asia in particular and the rest of the world, leaders were forced to confront this new challenging reality.
In the Indian subcontinent, one of the first impacts was the shortage of gas and chemicals for fertiliser plants in India and Bangladesh, leading to dozens of major plants across the two countries significantly slowing their production or shuttering it entirely.
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