Australia 'to be an energy superpower’ by mid 2017
 

http://www.telegraph.co.uk/finance/n...-mid-2017.html

Well who said the party is over?

Re: Australia 'to be an energy superpower’ by mid 2017
 

If it does, they'd better spend everything they've got on water infrastructure.

Followed by a National Rail Network.

Let's feed and supply the world :thumbsup:

Re: Australia 'to be an energy superpower’ by mid 2017
 

Looks like Mr Abbott's already got a plan regarding the water infrastructure, now all we need to do is sort out the railways :)

http://www.themorningbulletin.com.au...-plan/1755974/

Re: Australia 'to be an energy superpower’ by mid 2017
 

Australia is relatively well off for gas at the current rate of production - it would last over a century - given the small size of the population. However if the production rate is pumped up 4-5x to export to Japan, China etc. then the lifetime is going to drop pretty swiftly. Of course if they don't tax it properly, that money goes in the corporate pockets, not australia's.

LNG is also the most expensive gas you can get. So in terms of earnings its unstable - if the world hits another crash the first cut will be to LNG imports.

Nice to have, but better to hoard than to allow companies to splurge on. Even better to use to close down the brown coal power stations and cut the power prices....

Here's an old thing that talks about it:
http://peakenergy.blogspot.com.au/20...t-tonight.html

Re: Australia 'to be an energy superpower’ by mid 2017
 

I'll happily swap my life time voting habits from Labour to Liberal if they really make a mandate to do this.

It's the one base vital element that Australia needs to move forwards.

Who knows they could even become a fresh water exporter via super tankers in the distant horizon future.


.

Re: Australia 'to be an energy superpower’ by mid 2017
 

Mate we can only imagine it.

If we ever had the will and the wisdom to 'harvest' the wet season run off in the Northern Territory we could turn central Australia into the garden of Eden.

Re: Australia 'to be an energy superpower’ by mid 2017
 

Amen to that.... They've already got a model in California... and the Snowy Mountain scheme. .

I can't believe they haven't rushed to do it in the past.


It's issues like this that have made me despise the greenies.

Re: Australia 'to be an energy superpower’ by mid 2017
 

So if they stop buying gas, what will their powerplants use? Uranium? We got that too. Coal? Yes. Unless we all go 100% renewable which is just a pipedream.

The world population is growing exponentially. Who will power these peoples homes, workplaces etc?

Re: Australia 'to be an energy superpower’ by mid 2017
 

Some fascinating stuff in this link off the same page.

http://www.telegraph.co.uk/finance/n...s-in-coal.html

Re: Australia 'to be an energy superpower’ by mid 2017
 

A man of vision - pity the world doesn't have more like him instead of all the accounts. lawyers, leftie/green wankers that we have instead

Re: Australia 'to be an energy superpower’ by mid 2017
 

As part of my MBA, I recently did a trimester in International Oil and Gas markets. It was without doubt one of the most interesting things that I have ever studied. Some of the things we learnt:

Australia will be an energy superpower
America will be an even bigger energy superpower
Dutch disease is inevitable - note to all the leftie/green losers who say we should not mine/extract
For Australia to push on to the next level of gas exploitation (and really boost the economy), we will need to reform our labour laws, break unions, decrease red and green tape and increase productivity. At the moment we don't have governments with the vision and guts to do this, but we will eventually

Re: Australia 'to be an energy superpower’ by mid 2017
 

The cynic in me can't help but wonder at the timing of this "news" given the gloomy sentiment in Australia following the Holden news.

Economically, the gas boom could be great for Australia but I'd like to see a proper analysis of implications and consequences. Where would there be jobs growth, who would be funding the necessary infrastructure (and trade-off or enticements), would there be any impact on or from the environment? Would anyone be displaced? Who would be pulling the strings internationally?

Interesting, but not entirely enthralled.

Re: Australia 'to be an energy superpower’ by mid 2017
 

Some points that you should take together with that:

1. Coal Gasification is a massive CO2 emitter, if you don't do CCS along with it (really its one of the worst). Therefore the price goes up, and we don't really have a workable CCS solution yet either.
2. It also tends to pollute the groundwater as a consequence of the extraction (which is why it's got banned in Queensland, and you know what they're like...)
3. The UK already has 6 coal seam gasification trials ongoing
4. There is a question mark over rates. Since you have to effectively burn the coal to give off the gas, via a well, the rate isn't even as good as you get out of a normal gas well, and those you just cap and move on, this needs attention, processing, etc.

Overall, this article looks to be part of a pump'n'dump by the author. He wants his scheme to go ahead, but the locals don't. So he's playing journalist games to try and sway the government, and boost his share price.


BTW if you want to know a bit about coal seam gasification, try this : http://www.theoildrum.com/node/8184

Re: Australia 'to be an energy superpower’ by mid 2017
 

The UK Telegraph wrote this story from a Morgan Stanley report.

Re: Australia 'to be an energy superpower’ by mid 2017
 

Giz a link...

A great catch if you're right, but I can't find it.