China uses 15 mb/day of fuel oil for power generation. Shifting to coal will generate a temporary glut of oil during transition. Will transportation absorb the difference?

Huh? China uses 320,000 b/d of oil for power generation, including 220,000 b/d of fuel oil, and 72,000 b/d of diesel. Transport demand for diesel is 1.2 million b/d and gasoline 1.1 million b/d. Most oil use for power generation is in Guangdong, where coal is most expensive, so there will be no shifting to coal. Where do you get such a figure?

One of the Drumbeaten articles a few days ago listed 15 mbd for "power generation and other non-transportation uses in the developing world". I don't remember the guy's name, but other posters said he had credibility. He was forecasting prices around $65-85, at least for a while, as substitution of those non-transportation uses could allow transportation to continue growing even as total supply flattened.