The Bullroarer - Thursday 12th March 2009
Posted by aeldric on March 12, 2009 - 5:48am in The Oil Drum: Australia/New Zealand
Guide2 - Meridian: Renewables Cheapest Method For New Energy Production
Wellington, March 12 NZPA - Geothermal, wind and hydro power are the most cost-effective means of power generation for New Zealand, Meridian Energy executives told Parliament's Commerce Select Committee today.
ABC - Qld predicted to lose $10 billion coal production
The Queensland Resources Council (QRC) is predicting a $10 billion drop in the value of the state's coal production next financial year.
The first benchmark prices for thermal coal released today are down 44 per cent on last year's record levels.
TVNZ - Cars and oil lead import-export volume fall
The volumes of merchandise imports and exports have fallen, according to the latest figures from Statistics New Zealand.
For the three months to the end of December 2008, seasonally adjusted import volumes fell 4.8% following a 5.3% decline in September, while export volumes fell 1.8%, continuing the downward trend recorded in the previous three quarters.
The fall in imports was driven mostly be the 27.1% drop-off in volumes of cars, followed by capital goods which were down 7.7%.
A reduction in crude oil led the decline in export volumes which was down due to lower production levels.
ABC - Australia on 'solo climate crusade': Joyce
Nationals Senate Leader Barnaby Joyce says Australia's approach to climate change is a "solo crusade".
The Federal Government wants to introduce an emissions trading scheme by the middle of next year but Senator Joyce says it should be waiting to see what the rest of the world agrees to.
Scoop.co.nz - Meridian Energy Earnings Warning
Meridian Energy is expecting its earnings profile to become volatile over coming years because of the impact of International Financial Reporting Standards on the way it treats the value of its Rio Tinto smelter contracts.
Law Fuel NZ - Luce Forward Counsels to Take First Small Wind Renewable Energy Company Public
Luce Forward represents Helix Wind, Inc. to complete its merger with public shell Clearview Acquisitions, Inc.
IRVINE, Calif. (March 11, 2009 - LAWFUEL) – Luce, Forward, Hamilton & Scripps today announced it represented Helix Wind, Inc. in taking the global renewable energy company public through a reverse merger into Clearview Acquisitions, Inc.
The merger represents the first small wind renewable energy company to go public.
The Australian - ETS 'to make millions retrain'
THE federal Opposition yesterday hardened its stance on Labor's emissions trading scheme, claiming it would cost tens of thousands of jobs in a deteriorating economy.
Copenhagen Climate Change meeting, Glass Half Empty:
ABC - Greens and industry square off over climate plan
If the climate science was already alarming, this week it got worse.
Meeting in Copenhagen this week, climate scientists said sea-level rise may well exceed one metre this century .. well over the prediction of between 18 and 59 centimetres made by the U-N's Intergovernmental Panel on Climate Change last year. If true, there'll be catastophic implications and the scientists have urged swift cuts in greenhouse gas emissions. The news came as Australia's government released draft legislation on its plans for cutting emissions and shaping a low carbon economy. But industry is screaming it'll take the country back to candles and horses, while green groups say its a sorry tradeoff to big polluters who jeopardise the planet's future.
Same meeting, but Glass Half Full:
SMH - Some good news on climate change
At last, there is some good news on climate change.
Thousands of the world's climate experts have gathered in Denmark to hear the latest on global warming.
The news on the science is bad: climate change is happening faster than was thought only a few years ago.
But conference participant and Australian National University (ANU) academic Will Steffen says there is a glimmer of hope.
Experts are reporting the success of energy efficiency measures, which are slashing greenhouse gas emissions "at absolutely no impact on lifestyles or economies".
Other reports from Copenhagen:
The Australian - Seas 'rise faster than forecast' because of climate change
News Medical - Health impacts of climate change require global action
Canberra Times - Melting glaciers speed up sea rises
ABC - Wind power potential for remote communities
The Power and Water Corporation says they're collecting data from 12 sites across the Barkly Tablelands, to look at using wind power in remote communities.
The Sustainable Energy Manager, Trevor Horeman, says the aim is to replace diesel fuel with wind power to run Indigenous communities.
Is:
code for "we've just passed the tipping point"?
Possibly. Even if it isn't, I think you would agree that there are plenty of other coded signals for that? eg:
Increased Methane Levels Recorded in the Arctic
The old forecast excluded the effect of the glacial sheets of West Antartica dn Greenland, because enough was not know about the dynamics at the cut-off point for submissions to IPCC 4. Just a few years on, our collective knowledge has advanced to a point where the scientists concerned can start making predictions.
RE: Greens and industry square off over climate plan
Like hell it will! I'd ask, rhetorically, if he takes us all for fools, but the unfortunate answer is 'yes, he does'. Where does he expect all the massive coal-consuming countries to source their coal from? China is topped out, North America is at historical highs (at least until the GFC hit), we are doing everything we can to get the garbage out of the ground (including placing leases on prime agricultural land). We're already the worlds largest exporter!
What fools like this industry toolbot don't understand is that the Economy is a wholey-owned subsidiary of the Ecosphere, not the other way around!
"Think of the miners! Won't _somebody_ think of the miners?!"
I hope The Greens stick to their guns, and hold the Government accountable, even if it forces a Double Dissolution.
So.... if we export at the rate that Hillman wants, then how much will we end up exporting?
Answer: All of it.
And if we slow up a little, then how much will we end up exporting?
Answer: Most likely all of it, but slightly slower and at a higher price (particularly for that last bit - which won't be burned, it will be made into products).
My conclusion? Even the miners aren't thinking of the miners. The world is crazy - nobody can think more that 3 months into the future.
The thing is that they recently spent zillions on upgrading ports, railways and other facilities so they could sell a shitload more coal. They did that when prices went insane last year, now prices have dropped back down, so they're panicking.
If they just thought about what's likely to happen a few years from now they'd relax, but the average CEO has the attention span of a retarded ADHD three year old on crystal meth.
Who is panicking? Rio and Xstrata shareholders think its a good deal, second highest prices ever. Port expansion planned on prices a few years ago much lower than 2009 contract prices.
Three years ago Australia was in a resource boom, prices for coal and those expected for iron ore in 2009 are actually HIGHER than in 2006. Resource stock prices are about where they were 3 years ago, while Australian 4 largest banks have declined 40%( but are still making more money than 3 years ago).
Bloody hell. I hate agreeing with anyone.
But I have just gotta agree 100% with Bellistner.
While I'm not a population doomer and disagree with most of what is said in this, here's one from Michael Lardelli - Common myths of the population debate.
I have read the article.
"Consumption growth is easily reversible but population growth is not"
Umm.. "easily"?
I assume he means without heartbreak.
The four horsemen will do the job for us.
Easily.(Without our effort.)
As far a increasing the population in the face of constraints, I ask "Who benefits?"
Anyone with an interest in a growing economy.
Pure evil.
Money has to be served regardless of ultimate catastrophy,or suffering.
gav,
The irony is that population growth is portrayed as a looming disaster, but the negative growth rates of high GDP countries, less than replacement also portrayed as a looming disaster. Who is going to look after the old baby boomers?
Yes - I found that a bit incongruous - whatever we do is wrong in Mr Lardelli's eyes, it seems (of course, achieving stable population is the end goal, so population decline could be considered a problem - but one easily rectified via an immigration program if we insist on a stable population level and can't induce citizens to reproduce at replacement rate levels).
His little rant makes sense if you look at it from the point of view of being utterly selfish.
He thinks if the poor of the world stop having babies then he won't have to feel guilty about living on their backs, and can keep on with his high consumption lifestyle.
And he thinks that if we in the West have just enough babies then he won't have to pay high taxes to take care of the elderly.
A couple more from lobes in PNG :
No Fuel in Hagen
http://www.postcourier.com.pg/20090313/news01.htm
Major fuel supplier, InterOil Products Limited yesterday announced that Mount Hagen has run out of all automotive, industrial and aviation fuel.
Supplies in stores in the region are running low and export commodities like coffee and tea are stranded in the region. “The situation has gone beyond critical as there is not enough fuel available to ration. The nation’s third largest city is now effectively without fuel and we do not know when fresh stocks will be brought in. It is only a matter of time before industry, public transport and some important public services begin to wind down,”
Hospitals and police hit
http://www.postcourier.com.pg/20090313/news02.htm
HOSPITALS and police operations in the Western Highlands, Southern Highlands and Enga provinces face a critical situation as the fuel shortage in the region gets worse. Operations in the hospitals in Mendi, Wabag and church-run Mambisanda and Kudjip facilities are now scaled down with fuel reserved for emergency cases only.
The Age has a report on the prospect of CSG to LNG in NSW as well - Eastern Star hoping to turn coal gas into LNG
Sorry - no time for a Bullroarer from me this weekend - but here's one from Larvatus Prodeo - Who killed clean coal?.
Could it be that the captains of industry... um... don't know how to make Clean Coal work...???
;-)
(And like nuclear, it has to work cheaper than a wind-turbine, otherwise why bother...)