Monday Message Board

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

5 thoughts on “Monday Message Board

  1. The letter writers to the Australian who are featured in the central block – always a reliable indicator of the state of mind of a particular strain of thought in Australian politics – seem to have adopted a more in sadness than in anger tone with regard to energy policy. They appear to have given up and accepted that Frydenberg’s NEG is going to get up, with only the core rump of die-hard resisters in the Liberal Party room (Abbott, Kelly, a few others) putting up any fight.

    And on the NEG, I don’t get the ACT Chief Minister’s claim that it will make further emissions reductions harder to achieve. The emissions reduction target is chosen first, and the NEG is the process by which it is achieved. There is nothing in the NEG to stop another government choosing a different target.

  2. Various flavours of Government energy policy have contributed as much to the current energy crisis as anything else. Energy investment decisions are based on long payback periods and if Government rules and incentives are constantly changing no investment will be made. Like now.
    Add to that a plethora of possible alternative technologies, and it is no wonder that nobody is putting up money for generation capacity. Its too risky.
    A sober look at the alternatives, leaves me thinking we will be reliant on coal (or maybe gas if local consumption is prioritised) for a long time to come – maybe decades.
    There is a lot of fudging in the optimistic pronouncements of Wind, Hydro, Solar, Geothermal, Nuclear, and even Coal and Gas. There is no way alternative energy sources are going to meet our needs without further breakthroughs over several decades. My money is on Nuclear for the long term.

  3. ASIC are carrying out what the AFR describe as a “regulatory colonoscopy” on the billion dollar “Blue Sky Alternative Investments”. Blue Sky have been buying up to 20% per month of all “water trading rights” in Australia in the most actively traded segment of that market. Redemptions from their “Water Fund” are being met by drawdowns on other investments and from cash reserves. The AFR, this morning, claim this is a PONZI scheme. My guess is that the outcome here will be interesting and, lets hope, not too painful for investors whose $14-70 purchases in Blue Sky 6 months ago (and for those who subscribed to extra shares for $10-50 in March) were selling for $1-70 apiece last week.

    Worth watching.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s