Category Archives: Resources

Video memories – in mid 2009 Prime Minster Rudd announces $400million for carbon capture and storage

Thanks to Michael Smith – Hear Kev747 talking 150 days before ClimateGate and Copenhagen – I just wonder how these mega $millions of our hard earned cash were spent – fascinating. Kev’s GCSI seems to live on at least on the www – quote – The Institute was established in 2009 with initial funding from the Australian Government to accelerate the development of CCS globally.
In 2012 the SMH had this to say – Coal hard light of day for dud scheme
some good leads to follow there. I wonder if readers can dig out links to what Kev’s broadcasting of our hard earned dollars achieved. This site has touched on the CCS story over the years.

Swedish research says Russia has been gaming the carbon credits system

Why would we be surprised that Russia duds the sucker West? Vlad would expect his minions to do exactly this sort of thing to the hated West. Classic. – the Stockholm Environment Institute has published – Perverse effects of carbon markets on HFC-23 and SF6 abatement projects in Russia.

This Figure is from Nature.
Andrew Bolt has comments on the issue with his first link being to a BBC article quoting wider abuses than thoses fingered in the SEI paper.

Detailed Green plans to stop Australian coal exports

A must read 17 page pdf download only 3.6MB – Stopping the Australian Coal Export Boom – Nov 2011 – sets out exactly how the Greens organise and the $6million they wanted to raise. Makes much more sense of many news reports over the years. When will our Govts cease funding EDO’s and any other NGO’s & green orgs like WWF working against our national interest? Federal Court overturns approval of Adani Carmichael coal mine in Queensland

Twin Chinese devaluations – we live in interesting times

CNY vs USD and AUD vs USD – What are the likely effects of this? Bloomberg has a lot of articles here.
Chinese exports will be cheaper –
But China still has to buy raw materials mostly priced in US$.
Is there a move already I wonder for China to pay for its imports in other currencies or barter?
Will not help China build their oil stockpile. WTI crude price (bottom right at Kitco) has been little affected at around $43.xx over the days of the Yuan moves. With Iran poised to enter the oil market more openly – IMHO that has to be bearish for oil.
Coal imports will be more expensive.
Can we assume the PBOC will fiddle more with the exchange rate to achieve their aims – IMHO that is the signal.
Will not help the US “recovery”.
Could it be the start of competitive devaluations?
I see gold had a positive night in the face of gold becoming more expensive in Yuan.

Lame-duck incompetent Australian Commonwealth Government

I wonder what readers think. On the very day the TURC was exposing corrupt CFMEU officials in Canberra – the Choppergate story broke leading to weeks of free kicks for Labor. Now the Federal Court blocks the Adani coal mine in Queensland on grounds the Federal Environment Minister did not adequately consider the effect of the project on a skink and a snake. I read somewhere where this could be rectified in a couple of months. We will see. The Prime Minister has commented on the court decision saying it is “bad for the country” – however it seems clear the Senate is unlikely to pass any laws making environmental legislation less able to be exploited by Green zealots. Wait for climate to be brought into this.

Rare sight on USGS web page as Australia stars in global earthquake stakes

This is the rare sight preserved. USGS map below has seafloor details with no shortage of large scale structures and volcanic seamounts out there off Fraser Island – any of which could be locii for earthquakes.

USGS www page global map – zoom in to SE Qld.
ABC News – Queensland earthquakes: Two quakes hit state on same day, days after a third strikes region; seismologists warn more may follow

What impact will Tesla Powerwall batteries have on the way we consume electricity and the price of lithium?

Reader Bob has sent me articles about the Tesla electric car and the Powerwall and Powerpack storage batteries to be manufactured by Tesla. Alan Moran has written on the Tesla electric car so I thought I would look at lithium batteries state of play and lithium prices, demand etc, whatever I can glean. There are articles boosting the Tesla Powerwall batteries and also articles more realistic. I would have thought that with Tesla and others battery production ramping up there would be a surge in demand for lithium. Yet looking at the price chart for the Nasdaq Lithium ETF – nothing much is happening – the price of LIT has halved since 2010. OK maybe this has nothing to do with lithium. Lets check a couple of lithium miners on the ASX – Orocobre Ltd extracting lithium from brines in Argentina and Galaxy Resources Ltd who mine lithium in Australia.
What can we draw from all this? Is there a boom in production of household scale lithium based batteries in motion? Or is there simply much Green hype? Have any readers ordered and paid for Powerwall batteries?