Skip to main content

Power News from Australia - Issue 2013/11/19

Today's snapshot:

- strategic assets decision
- media affairs
- spying
- India relationships
- reforms
- taxes
- state developments

US farmers warn ADM's GrainCorp takeover could hurt competition in Australian agriculture

Grains takeover would be 'disaster'

More to consider when selling important assets

Economic blueprint, but will Hockey read it?

A rock and a hard place

Coalition divide over GrainCorp nothing new

Coalition scraps Labor’s self education tax

PM’s ‘star chamber’ vetoed staff appointments

Labor's secret cull of 15,000 fat cats

Virgin's real issues on shares

Tony Abbott rejects Commonwealth climate change risk fund

Tony Abbott lacks a road map for reforms to federation - it could save billions

Tony Abbott refuses to sign Aus to CHOGM climate change initiative

Indonesia recalls ambassador to Australia in spying row

Tony Abbott defends claims of spying on Indonesian president

Tony Abbott confirms Bay-class patrol boats gift to Sri Lanka to combat people smuggling

Tony Abbott made the best of a bad job

$3000 a week for house Prime Minister Tony Abbott doesn't use

Premier Barry O'Farrell says new 'one stop' service centre in Gosford could boost the city

Lilly spells her way to top-10 finish

Team Australia to take on Dodgers, Diamondbacks

Confrontation Between Turkey and N.S.Wales for the Recognition of Genocide

Mount Isa Mayor urges tax zone rebate changes

Air safety rules under review

Majority rules, so just build the airport at Badgerys Creek

Julie Bishop and David Johnston Head to U.S. for AUSMIN Meet

Australian foreign minister meets students in RK Puram

Indonesian leader slams Aussie PM for no remorse

Australia to back India for nuclear watchdog group membership

SBY slams Abbott's handling of spy drama

Aus Foreign Min rues Sachin farewell match "ending too soon"

Australia supports India's NSG membership

Australian PM to visit India in 2014

MySpace Co-Founder Says Predicting Profit was Murdoch's 'Big Blunder'

Murdoch Opens Gathering Of CEOs At Wall Street Journal Summit

NPR's David Folkenflik Takes Us Inside Murdoch’s World

MySpace co-founder Chris DeWolfe: I told Murdoch I didn't have an affair with his wife

Brooks was 'demanding editor', phone-hacking trial told

Close Encounters With Fox News


Popular posts from this blog

Mastering The Multitasking

There is usually two distinct perspectives on multi-tasking:

1. Multitasking is counterproductive. We get distracted by multiple tasks that all get our way and fight for our scarce attention, time and resources. This leads to a common fallacy that if you do multiple activities “at a time” you are not doing good work in any of those.

2. Multitasking is a way of getting many things done in a short period of time or in a long run.

Indeed it can be either a disaster or a great helper depending on how it is used and practiced.

Most recent research shows that we don’t do multiple tasks purely in parallel or simultaneously. That means we don’t purely multi-task, but switch between tasks and execute them one at a time, but by spending very small timeframes on each task.

A good example from the history is a story about Julius Caesar capabilities in that area. Plutarch writes, “Caesar disciplined himself so far as to be able to dictate letters from on horseback, and to give directions to two w…

Energy Business Case - Coal Mine in West Virginia

Situation Coal in Africa: An opportunity is available to invest in a coal mine in West Virginia. The mine’s value is less than in past years because of actual and anticipated restrictions on coal-fired power generation in the United States. However, the mine has a chance to sell its coal on contract to a public utility in West Africa. The utility is working through the World Bank for financing to build a number of coal-fired power plants. If they obtain World Bank financing, then a customer for the coal mine is assured, at least for the duration of the contracts. The power plants will employ the best current technology for burning coal, which exceeds all current air quality standards for the region. However, the power plants will not be designed to attempt carbon capture. The area of Africa the plants will serve suffers from extreme energy poverty, with some of the lowest per capita energy consumption in the world.

Overview of the Region West Africa is the westernmost region …

Energy Market Analysis - Coal Reserves for Decade Ending 2012 and Price Forecast

According to the British Petroleum Statistical Review of World Energy, 2013, global coal reserves declined in the decade ending 2012:

Figure 1. Proved coal reserves.

Proved reserves of coal are generally taken to be those quantities that geological and engineering information indicates with reasonable certainly can be recovered in the future from known deposits under existing economic and operating conditions.

If we look at supply and demand factors in the decline, we can see that:

a) Coal price has grown significantly in the decade ending 20121:

  Figure 2. Prices in US Dollars per tonne.

b) Coal consumption has also grown significantly worldwide2:

Figure 3. Coal consumption by region.

c) The price of substitutes (i.e. Natural Gas) has also grown. Not so in North America though, but if we look at the world trend it is growing3:

Figure 4. Natural gas prices.

Therefore if the rule of supply and demand worked we would see increase in proved reserves for coal, because increase in dem…