Category Archives: Resources

Fishing industry disquiet at South Australia State Labor Govt increasing areas of marine parks on back of Green claims

The Australian is reporting – Suicide warning as Labor locks up fisheries – full text pasted below.
This map from AdelaideNow Nov 2012 is the only statewide map I have found.

More detailed and up to date maps are here. Concerned fishing people say. SBS says – Fishermen downcast as marine sanctuaries prevail in SA. And the ABC reports – South Australia’s marine park’s sanctuary zone liberal amendment bill has been defeated by one vote in the House of Assembly.
IMHO Green claims that this or that species is endangered in our coastal seas would be hyped by the usual Green exaggerations – which have been faithfully reported as fact over decades by the MSM. Seems to me mainly a case that Labor is shoring up its left wing Green support at the expense of a productive sector in S.A. Nothing new there.
Continue reading Fishing industry disquiet at South Australia State Labor Govt increasing areas of marine parks on back of Green claims

Is the Australian landscape in such a bad condition that we should be paying out multi-$Billions on tree planting etc?

Seeing this article – Former Governor General calls for Cabinet shakeup on land management – spruiking Greening Australia got me thinking about if we really need another group to improve or care for the landscape. It seems to me that there is a plethora of groups such as Landcare – Caring for our Country – now we hear of Green Army – etc etc all doing much the same sort of things.
Yet all along nature has been greening Australia with the help of rising carbon dioxide levels – according to the CSIRO. The CSIRO has documented large increases in native vegetation over vast areas of Australia.

In central NSW I notice much evidence of bush returning to what were cleared paddocks – this is even obvious from the Barton Highway between Canberra and Yass.
In 27 months from July 2012 to September 2014 Caring for our Country has received 682 grants totalling $1.104Billion dollars – while total grants from the Dept of Environment were $3.063Billion. I would bet that the increase in native vegetation documented by CSIRO would absolutely dwarf any increase due to the environmental work being sponsored by the Dept of Environment at great cost to taxpayers. In other words many of these grants are probably mostly just a waste of money and should be drastically cut back.

GreenLabor Govt prudent management of $1.824Billion in Dept of Environment grants in five months run up to Sep 2013 Federal Election

List of grants let by the Department of the Environment
Under the Commonwealth Grant Guidelines the Department is required to publish details of all grants provided by the Department.

Some months are inflated by water buybacks – which seem to me very different from other grants – these I have noted on the chart as W with the value in $Millions.
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I have written in the past on grants.
Download the entire 27 months of ~$3Billion worth of grants in one combined xls file (Excel97) Search and enjoy.

Kiwis are saying “foreign submarines” are invading their Exclusive Economic Zone

The Fairfax owned NZ Herald reports – Subs ‘sneaking in’
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Here is a map of the NZ EEZ.

Northern Territory failed Henbury carbon farm now in the courts

I have several articles on Henbury over the years. Even tried FOI – gatekeepers too smart for me.
Now the ABC says – RM Williams Agricultural Holdings directors to be quizzed in court over collapse of business and Henbury carbon farming project

Commonwealth Govt thinking about solving looming Sydney gas shortage with ~2,000 kms of pipeline connecting to North West Shelf

There is this story in the SMH by Peter Reith and commentary by Andrew Bolt.
While I agree the NSW Govt should see that NSW gas resources are developed to head off any Sydney shortage. Sydney actually has the advantage of having coal seam gas in the suburbs but the Govt has been unwilling to tackle Green and “Lock the Gate” NIMBY’s.
All that said it is probably a sound national goal to increase connections in our network of gas pipelines – it looks like about 1,800 to 2,000km in two sections could join the NW Shelf to NSW. Working out who pays will be important.
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But that is surely a longer term goal than fixing the upcoming Sydney gas shortage.

So Australia now has – “…unprecedented oversupply of energy, no new energy generation needed for 10 years..”

So at a time of “…unprecedented oversupply…” our power bills are booming. How unwise we have been to elect politicians who have brought us to this – where efficient and cheap 24/7 coal fired electricity generators are coming under financial pressure from taxpayer subsidised wind and solar which only generate expensive and erratic electricity when conditions are exactly right.

Another sign of common sense taking hold in an important nation – Japan cooling on solar positive for nuclear power

Reuters reports – Future grows darker for solar energy growth in Japan
On the second anniversary of a scheme aimed at boosting Japan’s renewable energy after the Fukushima crisis, its powerful industry ministry is taking steps critics say will choke off solar investment and pave the way for a return to nuclear.

Equating the value of an open cut copper mine with the farm production forgone – have we stopped doing maths in schools?

I see in this article from South Australia – Rex Minerals’ Hillside copper mine gets SA lease approvals – opponents of the mine floating the old red herring that we are losing food growing land.
SA Greens leader Mark Parnell says State Government approval for open-cut mining on some of the state’s best cropping land is a blow for the region’s farmers.
“Valuable agricultural land is in short supply in South Australia. It makes no sense to sterilize forever land that could be productive for growing food,” he said.
Facts are the mine will occupy a miniscule percentage of SA farm land but income generated by the mine will dwarf by many times what farms could generate off that area. Somebody might have some examples. Certainly on a National scale – income from resources is considerably larger than agriculture yet occupies a very tiny percentage of land compared to farming.

US court documents show half of the volume on Chicago futures exchange are illegal “wash trades” between related parties – I wonder what the position is on the ASX where “high frequency trading” is rife?

I saw this fascinating article – Lawsuit Stunner: Half of Futures Trades in Chicago Are Illegal Wash Trades – If you go on to read the article you will read where “high frequency trading” or HFT methods use wash trades as part of standard strategy.
Anybody who trades on the ASX has seen evidence of miniscule trades for a few shares – trades that ordinary mugs can not do – mugs have to trade in minimum sized parcels. Often you can see the price for a thinly traded share changed at days end by a handful of shares traded by robots or Bots.
Experts have been critical of HFT on the ASX for years – here are just a few articles. The authorities do nothing despite complaints. Some Australian media critical of HFT from 2012 – 2013
“Black box trade suspected in stock spike”
Alan Kohler article – “Trade parasites feeding at the heart of the ASX”
“ISN claims high frequency trades cost $1.5 billion” – 4 June 13