Power networks built during the ‘age of oil’ are not designed for mass electrification.
Energy News: Latest Developments in the Global Power Sector
There are a significant number of listed energy stocks in Australia. They range from multi-billion-dollar companies like Woodside Petroleum Ltd [ASX:WPL], all the way down to tiny explorers with a part interest in one exploration permit. Energy stocks also include coal miners, as thermal coal is a major source of electricity generation. Uranium stocks are also included in the sector. You can break the companies in the sector down into three parts. They can be producers, developers, or explorers. The larger producers cover the whole spectrum. They usually have a portfolio of producing assets, as well as assets in the development stage and exploration targets.
What if renewable energy is just a figment of free money? Or should I say ‘was’?
Governments are doing their best to make the energy transition look plausible. But the more they have to do, the more Net Zero is exposed as unworkable.
Having successfully fought off carbon emissions free nuclear power last century, environmentalists have now discovered that their latest raison d’etre is…eliminating carbon emissions. The trouble is, that’s going to require a heck of a lot of extremely environmentally destructive mining to achieve without turning back to nuclear power.
It feels so wrong to step against the herd. The human brain is from the Stone Age. It wants safety more than anything else. Now’s your chance to overcome your brain, and think of your future self (and family). You don’t think of today. You think of 2024 or 2025 — or even further out. Here’s a forward-looking trend for you…
It’s been a disastrous month for Net Zero. So many of the myths which the emissions target relies on are unravelling at the same time that it has us all in quite a tangle.