Australia 'to be an energy superpower’ by mid 2017
#1
Forum Regular
Thread Starter
Joined: Dec 2013
Posts: 218
Australia 'to be an energy superpower’ by mid 2017
#2
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
Followed by a National Rail Network.
Let's feed and supply the world
#3
BE Enthusiast
Joined: Sep 2009
Posts: 708
Re: Australia 'to be an energy superpower’ by mid 2017
http://www.themorningbulletin.com.au...-plan/1755974/
Last edited by Hino; Dec 16th 2013 at 2:14 am.
#4
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
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
#5
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/
http://www.themorningbulletin.com.au...-plan/1755974/
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.
.
Last edited by ozzieeagle; Dec 16th 2013 at 3:06 am.
#6
BE Enthusiast
Joined: Sep 2009
Posts: 708
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.
.
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.
.
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.
#7
Re: Australia 'to be an energy superpower’ by mid 2017
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.
#8
Forum Regular
Thread Starter
Joined: Dec 2013
Posts: 218
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?
The world population is growing exponentially. Who will power these peoples homes, workplaces etc?
#9
Re: Australia 'to be an energy superpower’ by mid 2017
http://www.telegraph.co.uk/finance/n...s-in-coal.html
#10
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
http://www.telegraph.co.uk/finance/n...s-in-coal.html
#11
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
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
#12
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.
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.
#13
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
http://www.telegraph.co.uk/finance/n...s-in-coal.html
- 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.
- 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...)
- The UK already has 6 coal seam gasification trials ongoing
- 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.
BTW if you want to know a bit about coal seam gasification, try this : http://www.theoildrum.com/node/8184
#14
Forum Regular
Thread Starter
Joined: Dec 2013
Posts: 218
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.
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.