Can China’s Coal Industry Help the World Survive an Oil Shock?
The oil shock raises a hard question: can China turn its vast coal reserves into a lifeline for countries facing disrupted fuel supplies? Its expanding coal-to-oil industry offers one possible answer- but not a quick fix. The International Energy Agency (IEA) said in its October 2026 report that global oil inventories were 509 million barrels below their end-February level. It …


