Category Archives: Resources

Australian fuel cell company attracted by the German Energiewende

The ABC reports that ASX listed fuel cell company Ceramic Fuel Cells Limited (ASX – CFU) with origins as a CSIRO spinoff is headed to find its place in the sun as a part of Energiewende. – Germany’s renewable energy incentives and regulations attracting Australian companies
One of their products is BlueGen a gas fired fuel cell, they say –
BlueGen can be installed on-site in your home or business. It contains standard connections and operates with virtually no noise. Key benefits include:
Up to 36 kilowatt-hours of electricity per day
200 litres of ‘free’ hot water per day
Carbon dioxide savings of up to 14.5 tonnes per year
Unconstrained by seasons or weather
Simple installation with standard connections
Integrates easily with renewable technologies such as solar PV or solar thermal hot water
Constantly monitored by advanced fault detection technology

All sounds good. Here is the CFU share price history – a great thing about the ASX is that all regulatory filings and company announcements are easily searched and downloaded as pdf’s.

BBC reports UK Electricity National Grid only has 4% spare capacity this winter

It is hard to believe electricity consumers have voted in Governments that have weakened such a vital national interest as the UK electricity grid.
It is happening in Australia too and no doubt many western countries.

EU agrees on ludicrous 40% 2030 emissions reduction target

In the great tradition of countless IPCC climate conferences – at a time EU economies are in deep doldrums – while global temperature has not risen in 18 years – and at a time when Germany electricity generators are increasing coal use – and when France says it will cut back on electricity from nuclear generation – and when the shortcomings of wind & solar inducing extra risks to power grids are increasingly becoming obvious to anybody with normal reasoning powers – the EU twists arms to produce this agreement on a distant fantasy.
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And major political parties wonder why they are losing support.
Emissions data from – Data from BP Statistical Review of World Energy

Proposed Bango Wind Farm near Boorowa NSW – an example of five years of multiple regulatory hurdles

The Bango Wind Farm proposal initiated in 2009 extends from north of Yass to SE of Boorowa and is a classic example of the largely pointless but expensive red and green tape that Australian resource projects are strangled by. With the Federal Govt now reconsidering the Renewable Energy Target (RET scheme) that would And for men who live in small towns, the awkwardness and fear disappears as partners become more familiar to each other and comforting in a sildenafil tablets australia physical sense. There are conditions when one takes pill, but cannot buy viagra overnight participate in making of physical relation. You can simply use your internet completing the ordering process and furnishes you online generic viagra with detailed reports of the original orders, confirmations, dispatch advices and manual entries. This very drug is product of “Ajanta pharma” and it is available in United Kingdom. have been the lifeblood of the BWF – it remains to be seen if any turbines will be erected.
It is noteworthy too that earlier in 2014 NSW politicians from Yass, Goulburn and the Monaro were not enthusiastic about being “…treated as the ACT’s junk yard over its Government’s irresponsible and self-indulgent renewable energy policy…”

Six members of the EU resist moves to 40% emissions cut by 2030

The Polish PM says “…she would block any move that would increase energy bills for Polish consumers.” Poland’s economy is heavily reliant on coal as an energy source.
Poland’s largest opposition party Law and Justice (PiS) says it would support a veto by Prime Minister Kopacz on climate change in Brussels next week if the move harmed the Polish economy.
Ministers from the Czech Republic, Slovakia, Hungary, Poland, Bulgaria and Romania said in a joint statement at a so-called Visegrad Group (V4+2) summit in Bratislava that “the introduction of any legally binding renewable energy and Germany is increasing electricity generation from brown coal – the BBC says – Germany’s green dreams meet harsh reality. It is hard to see the EU succeeding with a 40% emissions reduction target at the Bonn Climate Conference this week.
The Australian Prime Minister Tony Abbott has some supporters in Europe for his view that “coal is good for humanity”.

Six years of electricity price history at the coal-face in Canberra and statements by Minister Corbell

I was curious to chart the recent reduction in electricity costs due to the Carbon Tax being abolished. Funny that the reduction looks less than the increase in cost in mid 2012 when the Carbon Tax was introduced.
While digging into this it was even funnier to find media from the ACT Minister Simon Corbell 10th May 2012 saying “…new laws to be introduced to the Legislative Assembly today will help lower gas and electricity prices in Canberra.”
The Canberra Times had already hyperventilated with the headline – Plan to slash ACT power bills – Noel Towell – March 14, 2012 – What do they smoke over there?

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I am still wondering where Minister Corbell’s lower prices are – there was an ACT election in October 2012. The chart shows that the onset of the Carbon Tax in July 2012 marked the start of a period of greater price increases.
This chart showing the prices as indices makes it clear that the Supply charge has been increased at a faster rate than the power charges.

Where is the technology for this post carbon world that will leave our electricity grids still working 24/7 ?

I see Professor Ian Young – Vice-Chancellor of the Australian National University has this Canberra Times article – Time to move to a post-carbon world
Baring nuclear – I can not see any of the current crop of renewables technologies taking over from fossil fuels to power our grids with anything like the “round the clock” reliability we have come to expect.
So I wonder what the brave new post-carbon world will look like.
How can we find out?

Australian National University divests itself of Australian resource companies

This news has been out a few days and has been discussed at Catallaxy.
The seven companies are – Santos, Newcrest Mining, Iluka Resources, Sandfire Resources, Oil Search, Independence Group and Sirius.
There are two main issues I see here – the divestment of the petroleum companies SANTOS and Oil Search can be justified for believers in IPCC global warming/climate change. However the other five are metal miners & explorers and considering the huge importance of minerals in our economy it is not clear exactly what the ANU thinking is.
However it is to be hoped the various Govts and resource companies make their opinions known to the ANU. Another issue that is also far from clear to me – is where there are good investment prospects in green companies such as renewable energy.
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In July 2013 I wrote – Seven “green” companies I checked in January 2011 – still poor investments
I really want to know – where are these good green investments in renewable energy that are supposed to be where the smart money is heading.

Evidence of Plunge Protection Team PPT or similar US Fed or US Govt activity supporting US Markets starting early Friday 3 Oct 2014 in New York – overnight in Australia

Against a background that the DOW looked a bit nervous after falling Wednesday 1 Oct –

remembering the plunge in August see chart below – I am sure the PPT are not keen on Octobers – Dow looking toppy –

Here is the overnight gold price in both AU$’s and US$’s
At A just before 3am NY gold gets a little $5 hit – then around 9am NY gold is dumped down near $1190 – by C the PPT have hi-fived and are enjoying a well deserved long lunch –

Currencies are of course in on it too as the AU$ plunges before 8am NY time –

The DOW jumps 150 points on opening – I wonder what buying power that requires –

“The Economist” could read what they said they day before

I was reading this 2012 article on India-China border disputes with useful map when I noticed their GraphicDetail section where they produce an interesting graphic every day. The entries for 22nd and 23rd of September caught my eye.
On the 22nd GraphicDetail was bemoaning the health effect of emissions from coal fired power stations – while on the 23rd they reported UN figures showing huge improvements in mortality rates globally for the decade 2000-2010.

On another subject – I wanted to mention this interesting site which was sent in by a reader – 38 maps that explain the global economy – Always enjoy studying maps.