Energy Crisis in Australia

Energy Crisis in AustraliaThe news networks are reporting a looming petroleum gas price rise of 60 % in the coming financial year. Electricity prices may double in consequence too. The Treasurer is warning the industry to not sell overseas at World Market Priced unless they reserve enough for domestic needs or he will block that trade. Is that even possible given that the Australian Constitution apparently prohibits nationalization or confiscation without fair compensation? Maybe the industry has legal advice to that effect that emboldens them to foreshadow big price rises? 

The USA, the great bastion of unfettered capitalism, have a strategic reserve for oil & gasoline that gives them a year’s worth of supply while Australia would be lucky to hold two weeks worth of petrol! Successive Governments exhibiting negligence on a monumental scale!
For a start they need to start incrementally, year by year, to build petrol and gas reserves in this great land so we too hold a year’s worth – within say five years. In particular, gas-powered electricity generation plants ought have dedicated gas storage facilities in reasonable proximity to their plants. The long distance electricity transmission lines are not only inherently inefficient with the losses ending up, as does all waste energy, as planet warming heat but they plan to build even more rather than locating small scale generation in proximity to consumption sites – perhaps even on moveable floating platforms that could be flexibly located. Any energy- resources export duty to mitigate the drain of reasonably priced domestic supplies needs to be balanced by some investment in developing our energy supply and deployment infrastructure too. Naturally a mix of electricity storage technologies should be incentivized too but all such steps really need to be incremental because shock therapies always have unintended consequences and technologies continue to evolve.

Advertisements

About adelaidepete

Now live in Adelaide South Australia and have always worked in Systems & Software Engineering. I am enjoying commenting on, suggesting and discussing innovative solutions to problems and useful risk mitigation strategies and recently interested in the realm of public policy re urban planning & disasters - the focus of this blog. I am interested in technology, gadgetry, enhancing productivity & functionality, urban planning, military thinking and public policy. I enjoyed periods I spent in USA (Reston, Virginia Beach & Dallas) & Europe (Germany, Spain, Italy & Greece) but genuinely love Australia, most people, animals, singing, dancing & life.
This entry was posted in Carbon Footprint, City Planning, Clean Energy & Carbon Tax, Technology, Water & Power Provision and tagged , , . Bookmark the permalink.

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s