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Update on Australian oil import vulnerability May 2018
Update on Australian oil import vulnerability May 2018 How well is Australia prepared? The Turnbull government has just started yet another fuel security review. Similar efforts in previous Energy Security Assessments and Senate Inquiries resulted in little action (see earlier articles on this website below). In fact, the government’s latest Budget 2018 contains numerous projects […]
Australians Face Huge Spike in Repayments as Interest-Only Home Loans Expire
Australians Face Huge Spike in Repayments as Interest-Only Home Loans Expire Day of Reckoning: Hundreds of thousands of interest-only loan terms expire each year for the next few years. The Reserve Bank of Australia (RBA), Australia’s central bank, warns of a $7000 Spike in Loan Repayments as interest-only term periods expire. Every year for […]
NSW fuel consumption and high immigration not compatible with CO2 reduction pathways
NSW fuel consumption and high immigration not compatible with CO2 reduction pathways On 12/4/2018 a briefing session of the Greater Sydney Commission (GSC) on recently released planning documents https://www.greater.sydney/greater-sydney-region-plan took place in the Parramatta Novotel. According to the GSC establishment Act 2015 No 56 one of 9 principal objectives is: (e) to encourage development that […]
Australia’s Housing Bubble Finally Popped?
Australia’s Housing Bubble Finally Popped? Australia’s mining towns are getting crushed. Not even Sydney is immune. Perth Investors Fear the Worst West Australia property investors are suffer as the mining slump lingers. Nearly One-Third Losing Money on Resale. A report from property research firm CoreLogic shows one-third of investors in Perth property lost money on […]
NSW coal power maxed out in hot summer (part 2)
NSW coal power maxed out in hot summer (part 2) Part 2 Eraring, Mt Piper, Vales Pt Introduction: The NSW government is selling Snowy Hydro to the Federal Government, thereby demonstrating beyond doubt that it is abrogating its duty of care to transition the energy supply system away from coal to renewable energies. Malcolm Turnbull […]
Australia’s east coast solar generation is replacing coal by only 2% in late summer
Australia’s east coast solar generation is replacing coal by only 2% in late summer This is an analysis of late summer. Data are taken from Open NEM: http://opennem.org.au/# The graphs in this post are a bit different from those on the above website Fig 1: Generation by fuel: 55% black coal, 19% brown coal, 9% […]
Pumped hydro energy storage in Australia – Snowy 2.0 vs. sea water
Pumped hydro energy storage in Australia – Snowy 2.0 vs. sea water To support a 100% renewable electricity sector Australia will need approximately 10 terawatt-hours of long-term energy storage. The multi-billion-dollar Snowy 2.0 pumped hydro project will supply only 0.35 terawatt-hours, a small fraction of this, and conventional pumped hydro potential elsewhere in Australia, including […]
Social Media Censorship Is Vastly More Dangerous Than The Censored Material
Social Media Censorship Is Vastly More Dangerous Than The Censored Material US oligarchs: Russia hacked our election. Public: Uh oh! What should we do about it? US oligarchs: Greatly inflate the military budget, sanction US rivals, and censor dissenting opinions. Public: Umm… aren’t those things you’ve always wanted to do anyway? US oligarchs: Hush. I know […]
Will Australia have a strategic oil reserve before it is too late? (part 2)
Will Australia have a strategic oil reserve before it is too late? (part 2) In part 1 we talked about what action the government is taking to bring Australia back to the IEA 90 days oil stock requirement. What was done so far This website contains the relevant reports: IEA International Energy Program Treaty https://www.energy.gov.au/iea-international-energy-program-treaty […]
Global Growth? Retail Sales Flop in US, UK, Canada, Germany, Australia
Global Growth? Retail Sales Flop in US, UK, Canada, Germany, Australia Consumers unexpectedly threw in the towel in 5 countries but the central banks and the IMF insist everything is fine. On February 14, I noted US Retail Sales Dive, Negative Revisions Too. This will impact both 4th quarter and first quarter GDP estimates. On […]
Will Australia have a strategic oil reserve before it is too late? (part 2)
Will Australia have a strategic oil reserve before it is too late? (part 2) In part 1 we talked about what action the government is taking to bring Australia back to the IEA 90 days oil stock requirement. What was done so far This website contains the relevant reports: IEA International Energy Program Treaty https://www.energy.gov.au/iea-international-energy-program-treaty […]
The Coming Banking Crisis & The End of Bailouts
The Coming Banking Crisis & The End of Bailouts Behind the curtain, there is a growing concern about a serious banking crisis beginning once again in Europe. Many governments are talking about the crisis behind-the-curtain and we are now beginning to see steps that are being taken to end the TO-BIG-TO-FAIL policies that dominated the […]
Australia’s ‘deadliest natural hazard’: what’s your heatwave plan?
Australia’s ‘deadliest natural hazard’: what’s your heatwave plan? Heatwaves are Australia’s deadliest natural hazard, but a recent survey has found that many vulnerable people do not have plans to cope with extreme heat. Working with the Bushfire and Natural Hazards Cooperative Research Centre and the Bureau of Meteorology, my colleagues and I surveyed 250 residents […]
How much do we have to pay people to NOT use electricity – up to 30 times more?
How much do we have to pay people to NOT use electricity – up to 30 times more? To understand the real value of electricity, consider the price at which people will give it up. “Demand Response” is the nice euphemism for a voluntary blackout. At what point do people volunteer to go without? For […]
Mystery: Australian electricity costs rise six times faster than wages – up another 12%
Mystery: Australian electricity costs rise six times faster than wages – up another 12% More bad luck for the renewables industry. Despite providing free energy from the sun and wind, electricity prices keep rising relentlessly, shockingly fast. Even doubling in wholesale costs in South Australia and Victoria. It was supposed to be cheap to collect […]
