this post was submitted on 31 Mar 2026
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I know we are all for green energy, but what part of coal makes it contradictory to build up as an alternative to oil? Coal is likely domestically found in Australia, and they produce consistent power (as long as you have time to install it, about 2-3 years), while green energy can take about a month or two, with the caveat of capitalism eating itself through cheap electricity if over-installed and it being expensive to supply batteries (thus private installation of solar on top of factories instead)
I predicted private coal and green energy stocks would steadily rise as conflict continued, specifically because of this
Coal and petroleum are not really competitors with each other because it’s only during the most extreme highs of grid power demand that petroleum generation makes any sense at all.
Like, maybe a few weeks a year it is really viable to burn diesel for electricity during absolute peak demand, but really the contribution of petroleum for grid power generation is a footnote. Close to irrelevant.
The competitor for coal is natural gas, solar, wind, and hydropower.
Emphasizing investment in coal does not come at the expense of petroleum generation because it barely exists. Investment in coal power comes at the cost of renewables.