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Australian builders

I suppose in Australia "builder" is a synonym to "asshole"

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About ships in Sydney

Here's the collection of pictures I took so far of different ships that come to Sydney.

01. Queen Mary 2


02.


03. Pacific Jewel


04. Queen Mary 2


05. Crystal Serenity is waiting for you to escape from rainy Sydney


06. Oriana


07. Crystal Serenity in the lights


08. Arcadia


09. Crystal Serenity


10.


11.


12.


13. Celebrity Century


14. Volendam


15. Queen Mary 2 in the lights


16. Diamond Princess


17.


18. Oriana


19. Volendam


20. Diamond Princess


21. Queen Victoria

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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…

Construction issues resolution in Sydney - part 17

It's been a while since the last post In January 2016 the owner lodged an application to NCAT against owners corporation to fix three major defects: - waterproofing of large windows in the living room and bedroom which led to windows full replacement - bathroom drain fix - planterbox fix The owners corporation didn't come to mediation and tribunal ordered to fix all defects within 2 months (the deadline was 8th July 2016). The owners corporation as usual didn't rush to comply with the order regarding two items: bathroom and planterbox. The windows works started end of April 2016. At the same time owners corporation decided to check whether it's a warranty and original builder should fix the issues. That was also related to the fact that the variation was submitted by the current contractor who started fixing the defect. So the owners corporation stopped all works in the middle and went off for a month to "make decision". The decision was made at the end of J…