Word: jacobellis
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Dates: during 2000-2009
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...much-publicized plan to cool down the economy and relieve pressure on the energy sector, might not be enough. "It's a little hard to believe that if China maintains growth rates of 6-8% that all of a sudden these shortages will disappear overnight in 2006," says Joseph Jacobelli, a Hong Kong-based regional utilities analyst for Merrill Lynch. Moreover, most of China's capacity expansion will come in the form of coal-fired power plants, which, aside from their noxious environmental impact, suffer from crippling supply problems. (The mainland is also aggressively expanding the amount of energy produced...
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