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Energy Sector, Your Views Please!
bg99
post Posted: Oct 1 2020, 09:22 AM
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In Reply To: nipper's post @ Sep 18 2020, 01:37 PM

Great book Nipper, well worth a read for anyone seeking resilience to this crazy world
Was interested in a comment made in the threads below

If you point out the BS and obvious profit scamming by big business you inevitably get called a climate change denier.
I would have thought it more likely you get called a leftie, greenie bum or something like that.... climate change deniers are often complicit in
profit scamming. But whatever side of the fence you sit, we would all prefer to have money going on projects that provide a truthful benefit to slowing down climate change in an economic way. That is always going to be rorted to some degree, but we cant let this stop trying to make changes to how we procure energy. There is plenty of money to be made by making the changes needed, the economy does not have to stall.... just change its focus.
Economies would flourish if we don't have to deal with natural disasters constantly, my thoughts are with my friends in California dealing with a terrible situation at the moment.

One thing for sure re the energy sector is we are running out of time...... 2.5 m of sea level rise is already locked in, that takes out quite a few of my favourite places. Earth scientists have been ignored for far too many decades now.... lets hope that most investors can try to help influence a path to where our energy needs are met, without inflaming the dire repercussions that are to some degree already locked in.

https://www.abc.net.au/news/science/2020-10...-years/12705230





 
nipper
post Posted: Sep 18 2020, 01:37 PM
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In Reply To: Mags's post @ Sep 18 2020, 01:11 PM

I am rereading A Fortunate Life by A B Facey.


Baby boomers got lucky !!




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
Mags
post Posted: Sep 18 2020, 01:11 PM
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In Reply To: Mork's post @ Sep 17 2020, 03:10 PM

QUOTE
It makes me wonder if the younger generation have been dumbed down so much that they can't do basic maths anymore.
If you point out the BS and obvious profit scamming by big business you inevitably get called a climate change denier.
Seems there's more currency in virtue signalling than any common sense reality.


They actually don't know anything. Literally.
One of the big hardware/nursery chains in USA couldn't work out why the millenials weren't spending with them: So they hired a consultancy to study it for them.
They found that many millenials had trouble with hardware related tasks and had all but given up on plants. Hence they simply didn't frequent there.
Ok, so why the trouble with plants: Of course many are working 3 or 4 jobs, live in cramped appartments or condo's so didn't have either time or room for gardening.... Ok, dig a bit deeper, what was the bad experience with plants???
A huge percentage had bought plants and they all died...
Keep digging... did you water them? Fertilize them? Keep bugs away for them???
Why did they die??? Turns out they tried to grow their plants indoors: They had no concept of photosynthesis!!!!
OMG. This is literally what they found.
So they started offering free, night courses on plant care, and the millenials trickled back...
As a business owner, I rarely talk social topics, I mainly talk with other business owners: The big gripe with youngens (ie under 40) is they are scared to do anything: scared to try anything. the literally can only do what school taught them: Sit there and read from a screen. They have no problem solving skills: Nada, none.
I commonly hear that it's useless trying to hire someone with the skills you need, because even if they're 'qualified' in something, they don't know it. they've passed a competency course, but they don't know the topic. I've even heard of big multinationals hiring uni grads, and tying them into 5 year contracts, because for the first 3, they are actually unproductive and a drag on the business until they get real skills and knowledge: then in years 4 and 5 they may start to earn the company profit.
And well, how the hell does small business afford to have unproductive staff for 3 years?? they can't. Hence the impossible job market ie. 13 people on welfare for every available job.
It's a shocking, shocking world we live in: It's never been more important to have parents that spend time with their kids and teach them the world: Because our schools sure as hell aren't: it's gotten that bad, I know multimillionaire business owners that will only hire kids who worked in their parents business: If their not from a small business family, they are unemployable in these guys eyes.
It's that bad out there.
I watch in horror as people take part in protests, they have no idea of the core mission of that group: A major one is sweeping the globe over the last 6 months: The core goal is to dismantle the western family unit, and return to a tribal, shared ownership economic system. Outrageous. Yet millions are out there marching, not aware of what the group their working for want.
SMH
Just protect your family.



Said 'Thanks' for this post: rlane  mullokintyre  
 
Mork
post Posted: Sep 17 2020, 03:10 PM
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In Reply To: Mags's post @ Sep 17 2020, 10:04 AM

QUOTE
It's idiocy at it's finest. Having to generate 10kw, to pump water, to return 7kw....
You're down 3kw for no reason: For no bloody reason... so where's the benefit?
of course the company that was paid to pump the water, and then gets to sell it.
Good for the consumer?Good for industry?Good for jobs??
Total and utter BS.

The fact that it BS doesn't seem to matter anymore.
It makes me wonder if the younger generation have been dumbed down so much that they can't do basic maths anymore.
If you point out the BS and obvious profit scamming by big business you inevitably get called a climate change denier.
Seems there's more currency in virtue signalling than any common sense reality.



Said 'Thanks' for this post: mullokintyre  
 
Mags
post Posted: Sep 17 2020, 10:04 AM
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In Reply To: nipper's post @ Sep 17 2020, 04:54 AM

When you're a famous, rich 'dude', you aren't in 'wealth creation' mode AKA risk taking mode: So it's about backing only winners.
If you watch Shark Tank/Dragons Den, you'll see the 'entrepreneurs' have very little 'entrepreneur' about them: They only want to back winners, those with definite runs on the board ie. know their numbers, show growth, no terrible debt numbers or shady shareholders etc etc.
So what we have is a billionaire (who appears to have made his money in a land grab on the internet: It's just sour grapes from me) who's upset he's 'out of the loop' in regards to the government policy, and who is so biased with his 'high tech' background that he believes 'new' is the answer to all our problems.
The energy sector is in such a mess in Australia because of two reasons:A: Other than the second reason, there is no co-ordinated objectiveB: Provide guaranteed profit to those that bough the power grid (it's in the contract, they are guaranteed a profit: Look it up, it's unbelievable)
So then we have the green lobby who want renewables.... who don't realise they are being manipulated by big business to encourage the government to subsidize these big businesses if they do green stuff: But the reality is it's a total failure: Wind generators that will never offset the energy used to build them... terrible environmental impacts in far away nations to build the batteries for 'green' first world nations... solar panels that are now beginning to reach end of life in a seriously large number...... But no operation in Australia can recycle them.....
On and on it goes. It's a total cluster #$%

But it's all just total BS, because in the end, you hear countries around the world setting up 10 coal generators, or 30 or 50... or India, setting up 400!!!
Why are we destroying our own industry here when we contribute 1% of total Co2 emissions??? Which incidentally is the food for plants... Nature achieves equilibrium... It's a total circus... You have big business in EU being paid to catch and dispose of CO2 emissions... how do they do it?? they pump it into their green houses to speed up crop growth.
LOL they're getting paid to increase private profits!!!!! They are taking excessive taxes from working families to give to billion $$$ corps who pay no tax, to increase their profits. This is simply unbelievable. But it's happening, right now, all the info and evidence is right there for the taking and analysing: But the public are too focused on their own BS to look beyond their front gate.

Like I say, the whole thing is a jumbled mess, with no direction: Other than big business walking away with billions and billions of taxpayer dollars.
Pumped hydro... never heard anything so stupid in my life: Let's not only waste power pushing water up hill: Let's also tie up water, the ultimate resource... WTF, who are these idiots that believe this stuff and then put their names to it. There can only be ONE reason anyone could honestly lobby for this stuff... $$$$$$$$$

It's idiocy at it's finest. Having to generate 10kw, to pump water, to return 7kw....
You're down 3kw for no reason: For no bloody reason... so where's the benefit?
of course the company that was paid to pump the water, and then gets to sell it.
Good for the consumer?Good for industry?Good for jobs??
Total and utter BS.



Said 'Thanks' for this post: mullokintyre  
 
nipper
post Posted: Sep 17 2020, 04:54 AM
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I may look further, but my initial reaction when I see this headline is to think along the lines of Socialising losses and privatising profits


https://www.afr.com/companies/energy/cannon...20200916-p55w2t
QUOTE
Cannon-Brookes and Musk keen for big battery number two

The two billionaires chatted overnight, but Mike Cannon-Brookes says the Morrison government must clearly set out the rules of engagement before he backs a new investment.
.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 

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jacsar
post Posted: Apr 29 2019, 08:25 PM
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In Reply To: jacsar's post @ Apr 29 2019, 08:22 PM

Blue Energy and Galilee Energy in similar boat

 
jacsar
post Posted: Apr 29 2019, 08:22 PM
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In Reply To: mullokintyre's post @ Apr 29 2019, 02:39 PM



Greenies are happy to have won, business is happy too ...greenies say govt will pay for it while business /finance will make a fortune skimming off the top through PPE. Assets left in the ground ala Narrabri and elsewhere for next time around to wash hands and repeat process....privatise profits and socialise debt...just have to make sure you are on right side of equation as some made a motza in ESG .. Eastern Star Gas and others lost heaps


Said 'Thanks' for this post: nipper  
 
nipper
post Posted: Apr 29 2019, 02:48 PM
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In Reply To: mullokintyre's post @ Apr 29 2019, 02:39 PM

Beyond bizarre.
Surreal. Kafkaesque?

Blimey.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Apr 29 2019, 02:39 PM
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Talk about Bizarre!.
From ABC News

QUOTE
Industry leaders are celebrating the approval of a $250 million gas import terminal in New South Wales which is tipped to meet the majority of the state's gas needs and secure thousands of manufacturing jobs.

Key points:
$250m gas import terminal approved for construction at Port Kembla
Experts say hub will shore up state's gas supply and create thousands of jobs
Deputy Premier says project could affect the need for coal seam gas
The NSW Government announced it had given the green light for the project on Monday, which would involve building a new berth at Port Kembla, south of Sydney, to house a floating liquid natural gas (LNG) handling facility.

A consortium backed by billionaire Andrew Forrest and Japanese energy giants is behind the project, and will be subject to conditions aimed at minimising impacts of dredging in the harbour, as well as regulating air and water discharges during construction.

"We've heard from manufacturers about the cost of energy, especially around gas," NSW Deputy Premier John Barilaro said.
While it is widely considered a gamechanger in the way gas is accessed in the NSW market, it remains unclear whether the importation of gas will negate the need for domestic coal seam gas (CSG) production.

Gas company Santos is awaiting approval for its highly controversial Narrabri Gas Project in the state's north west, and Mr Barilaro said a final decision would be made on it later this year.

"Coal seam gas is a form of gas, [that] in its extraction … does make gas a little bit more expensive, so there are other arguments — not only the impacts it will have on aquifers," Mr Barilaro said.

"The reality here today is we want to see gas here in the New South Wales market, be it CSG, be it liquified natural gas that comes through pipelines from the Bass Strait."


If the other states ban CSg, fracking, onshorer/offshore exploration, where in the hell do they think this import terminal will get its gas?? From other countries?

We sit on huge amounts of petroleum products but laud the spending of billions on a import terminal.


Balmy!

Mick



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