for its part, the n r d. c, which handles the nation's energy prices released a statement late wednesday i had met with the coal. busy industry to discuss measures to stabilize prices in the market. as we've discussed on this show, surging prices have cause a power crisis in the world's 2nd largest economy in turn, affecting manufacturing, causing more strain to the already struggling global supply chain. now discuss this and some other energy related news of the day is david towel. he is the president of pro chain capital. always a pleasure to have you on david. what do you make of these price caps we're seeing in china? do they help considering much of this issue is due to a shortage in coal. so no price caps do not help the supply demand equation in any way. you schwartz men, terminal blackstone in saudi arabia earlier this week, spoke about the energy crisis. and by the way, energy can include coal, it concluded oil include natural gas, and all of those are independent markets. and all of those are very reg

however, the n r d c has also said that it's going to be giving a subsidy to importers. so that'll help with supply and not necessarily, you know, bring up the price at a time. but clearly, the, the issue of energy and coal is at crisis levels inside of china. and now we know to go back to your last segment. frankly, one of the reasons why china went ahead and shut down all of its bitcoin mining operations, because frankly, country doesn't have the luxury of spending power on mining bitcoin. and i know talking a lot about this energy current, this is something we've covered heavily. and at the same time the you in climate change call brands referred to as cop 26 is being held in scotland starting on sunday. now as many nations throughout the world, including china, have made pleasures to reduce reliance on fossil fuels. how does. 6 the energy crisis play into this when it appears that the world needs to ramp up production across coal, oil, and natural gas ahead of the upcoming winter. so rachel, you put your finger on it. this is an impossible quandary. clearly everyone'

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