While the slapdown in price just after 8am NY time is stock standard normal I can not recall a jump in GP Saturday afteroon NY.
Coal future at risk for Collie – but how will the backbone of the West Australian electricity grid be propped up? Checkout this great AEMO site for WA with real-time generation graphics. Wind so often contributes little.
Does the WA Govt think they can copy South Australia and shut down coal fired generators? Adelaide can draw on the cable link to Victoria and pull in coal fired electricity to prop up their grid when wind, solar, gas and diesel can not cope. But WA has no “cable to a Victoria”.
The WA Govt idea looks impractical to me without a large expansion of gas fired generators – which are not mentioned in the article. Minister Nahan should check NemWatch at times and see how the various States generators perform.
This research by Chinese scientists in Hefei is reported in Nature – Partially oxidized atomic cobalt layers for carbon dioxide electroreduction to liquid fuel
and Popular Mechanics – Breakthrough Material Is a Better Way To Turn CO2 Into Clean-Burning Fuel.
Could a process such as this be a basis for making CCS (Carbon Capture & Storage) more worthwhile?
ABC news today WA bushfire tears through Yarloop; homes destroyed
Map: Yarloop 6218 pre fire – Ninety-five homes and buildings have been confirmed destroyed.
‘Thor’ Hercules C-130 aircraft, capable of dropping 15,000 litres of water, arrives in NSW ahead of bushfire season – 1 Sep 2015 carries 15metric tons
DC-10 “Southern Belle” 43,900 litres carries 43.9metric tons – also in NSW
747 SuperTanker can carry 76 metric tons being refurbished in the USA.
I like the way the Greens leader Dr Richard Di Natale says the policy “lacks evidence”. Careful Richard – if you apply that guideline the Greens may soon have no policy left.
They are instrumental in inflicting this disaster on us all – utterly no shame. New year rings in 41 per cent rise in GreenPower prices
Has anybody got any other increases to quote. How about us that do not buy the fraud of so called Green Power? Do we really think charges for normal electricity are not also going up? We have to stop voting for the disaster of steadily wrecking our electricity grid.
It must cruelly piss them off that global wind plus solar electricity generation in 2014 tallied only 3.8%
This is the yarn repeated five times – Are we witnessing a turning point in the future of coal?
Here is a chart of global electricity generation –
data from BP Statistical Review.
And amazingly 8.6% voted Green at the 2013 Federal Election.
We all know that the world crude oil price crashed starting mid 2014 – from levels around $100 per barrel it is now ~$35. Obviously fracking in the USA has boosted oil production but an additional reason for the price crash is the Saudis economic warfare to minimise the power of Iran post sanctions. I posted on that subject about a year ago. Saudis oil pumping crashes oil price kneecapping the Iranian economy – how do the Teheran Mullahs pay to build those nukes now? Anyway – back to the subject today. The ABC reports – Peak oil losing credibility as renewables shift accelerates and Fairfax chimes in – The price drop that’s really worrying big oil –
To put renewables on scale with global oil consumption I have made this chart using data from the BP Statistical Review of World Energy – get the XLS file and explore for yourself. Oil consumption has been converted to Terrawatt Hours to compare with solar and wind global electricity generation. It is crystal clear that the microscopic quotas of heavily subsidised renewables in the bottom right corner of my chart could not possibly be having any serious influence on the massive global consumption of oil.
If you want to add global coal consumption on for 2014 that is another 17,000TWh equivalent and global electricity consumption all sources in 2014 totals 23,536TWh. I wonder where this Green/Renewables fantasia originated.
Just saw on ABC TV News24 a fire official state that some Otways bush had not been burnt for 40 years – I think he meant where the fires started. When was the last hazard reduction burn campaign around Lorne I wonder?
Out of March 2012 – Environmentalist slams Otways burns
I see the ACCC reports petrol margins at highest level – The ABC reports – Petrol price gouging at highest level on record – Fairfax says Motorists are getting pumped on petrol prices: ACCC – the AFR says – Petrol retailers fail to pass fall in crude oil price on to motorists.
World oil price chart West Texas Intermediate
Caltex Australia Ltd (CTX.AX) share price since start 2011.
Amazing how Australian motorists – who are also voters – put up with this. The Australian retail petrol market is worth about $75Billion PA which is about $3,000 per head of population. I do not know what the figure is for average households but many would spend $100 per week. Must be a big slice of many families costs. Yet the ripoff is way below political radar. How well the Oil Co’s have played Australia for decades.