WHC 0.26% $7.65 whitehaven coal limited

Climate Change, page-866

  1. 1,349 Posts.
    lightbulb Created with Sketch. 1155
    The debate over fossil fuels is always based on some bad outcome that awaits in the future and ignores the immense, real and tangible benefits that we have all enjoyed from the advantages of fossil fuels. Every decision should carefully weigh the positives and negatives of any proposed course of action, especially when it involves trillions of dollars, millions of jobs and the future of a nation. The current debate does not do that.

    But not drastically - Well, one mans drasticis another mans mild inconvenience. I would agree that the warming right now isprobably not a drastic issue for us rich Westerners with the ability to adapt,but there are plenty of people around the world that would not be able to adaptlike we can for many reasons.

    I totally disagree, cheap reliable energy is causative forbecoming wealthier. The wealthier a person is the better they are able to adapt. For example for the billions of people who cook inside on wood and dung, and the three million that die prematurely because of it, a gas fire (fossil fuel) would immediatelky improve their life and life expectancy. . https://www.who.int/teams/environment-climate-change-and-health/air-quality-energy-and-health/sectoral-interventions/household-air-pollution/health-risks#:~:text=Over%203%20million%20people%20die,disease%3B%20other%20HAP%20data). England a few hundred years ago was the same as many third world countries today, desperately poor withe poor living conditions. This is what happened for them with the use of cheap reliable fossil fuels. Their quality of life improved on so many metrics, life expectancy, child mortality, education, literacy and food security. Forcing third world countries to use unreliable solar and wind will force them into a life of poverty. While you would have all Australians give up fossil fuels to protect other countries, the reality is that the countries you are largely trying to protect have the worlds largest fossil fuel subsidies. It is a fools errand.

    https://hotcopper.com.au/data/attachments/6200/6200624-23a08748e4eeece5ca6602adbec4aee9.jpg


    https://hotcopper.com.au/data/attachments/6200/6200626-0cc75b6431574cd84a84c48c4b2b8c13.jpg

    This might be idealist in me, but I dontthink we should shrug out shoulders and say "we wont make adifference".

    Nice story about the starfish, but the facts contradict your fable of thestarfish. Australia has reduced its emissions by 25% since 2005 and we have the highest solar rooftop penetration per capita in the world. But co2 emissions have kept growing from 30 – 37 billion tonnes in the world! In your analogy we are on the beach throwing back thousands of starfish, but it’s made no difference. We are on a fools errand.
    https://hotcopper.com.au/data/attachments/6200/6200632-58efea766d345d21dd995e743cb104b9.jpg

    A myth, that persists to this day

    I concede this point, poor research by me


    Going down the transition path will crippleour industries - Maybe, maybe not. Did we tell the DVD manufacturers to notdevelop DVD's because it would cripple the video tape industry? Did we tellNetflix to shutdown because it would cripple Blockbuster and Video Ezy? Ofcourse not! That's how we progress.

    Your argument is that the best technology shouldwin. I agree, wind and solar are not the best and the proof is that we need subsidies to make them work. They also don’t work reliably as I demonstrated with a real life example of the grid in NSW over the past 48 hours. No matter how much wind and solar you add, you will have virtually no power available during the red box periods. That ain't great if your having emergency heart surgery


    https://hotcopper.com.au/data/attachments/6200/6200677-bfcac90475d267a9407ba14e5cfb24ce.jpg

    We have the ability to do much of the workwith our own resources, we dont have to make a foreign country richer.

    That is absurd. I have run both IT companies in Australia and a manufacturing business in China doing energy intensive hammer forging, squeeze casting die casting and anodising.. We cannot compete because 1) our energy is ridiculously expensive 2) China is the market leader in Rare Earths, lithium, spherical graphite, anode, cathode and magnet production. We have a repressive Union movement that requires firms with 15 or more people to have a union trained delegate in every company by the 4th quarter of 24.(https://www.fairwork.gov.au/about-us/workplace-laws/legislation-changes/closing-loopholes/unions-and-registered-organisations-changes) As a consequence of these facts, we become less competitive every year. Last year our productivity fell 3.7%! (https://www.pc.gov.au/ongoing/productivity-insights/bulletins/bulletin-2024/productivity-bulletin-2024.pdf) We tried all the BS with the car industry and the unions killed it. We don’t stand a chance and all the bluster that comes from politicians about being a renewable superpower is all BS coming from people who have NEVER run a business or employed staff in their life. I spoke with an elected MP recently and they believed that Lithium was the largest component of a lithium battery (it's graphite and the stuff that comes from China is a by product of fossil fuels and is extremely energy intensive to make).

    But anyone looking at this graph can clearlysee the trend is rising. There are short term (1-5 year) variations, thatscientists are well aware of, and often include them in their data sets.

    0.6 – 1.3 degrees depending on who you listen to isnothing over a 175 years. In that period deaths from natural disasters hasplummeted. We have 5 times as many people, we live 130% longer, gdp is 7 timeshigher, and we consume 34% more calories per day per person. If we hadn’t used fossil fuels we’d all be living in poverty, cures to diseases wouldn’t have been found and we wouldn’t be having this conservation. Yuo and I probably wouldn't be alive. All discussions always refer to some perceived risk in the future, but always ignore the powerful real life benefits we enjoy today form this reliable energy source.
    https://hotcopper.com.au/data/attachments/6200/6200638-7ee92309baab9a4bbe3b57c477c849be.jpg


    Predicting the future of climate states isnot the same as predicting the effects of climate change.

    If you cannot predict the future of climate states, it isa guess not science. The scientificmethod involves careful observation coupled with rigorous scepticism, because cognitiveassumptions candistort the interpretation of the observation. Scientific inquiry includes creating a hypothesis through inductive reasoning, testing it through experiments andstatistical analysis, and adjusting or discarding the hypothesis based on theresults.

    I didn't say it was going to cause adisaster

    If it’s not going to be a disaster why spend 10’s oftrillions of dollars? Why are we having this conversation? Deaths from natural disasters have plummeted,and that is my point, humans are the greatest of the species because we adapt.If you want to adapt you need to pick the winning technologies, and lithiumbatteries, EV’s, solar and wind are not better technologies, they are notcheaper and they are not more reliable, so we shouldn’t be blindly chargingdown the path of inferior technologies.

    You didn’t answer any of the following which aresummarised below

    1) whydon’t you lead the way, chuck as many starfish back into the ocean, anddisconnect from the power grid. Spend the money you want the government tospend on your behalf and get your tesla power wall, source some solar not made onslave labor, get a battery powered bicycle, walk places, grow your vegetablesand disconnect.

    2) Are youhappy to promote slave labor solar panels, do you think this is an acceptablecost of the rooftop solar penetration we have in Australia

    3) Ihave shown you the links to the research (Simon Michaux) that proves that thereare not enough minerals to build out the current green revolution, so what’syour answer?

 
watchlist Created with Sketch. Add WHC (ASX) to my watchlist
(20min delay)
Last
$7.65
Change
0.020(0.26%)
Mkt cap ! $6.399B
Open High Low Value Volume
$7.69 $7.71 $7.64 $24.66M 3.217M

Buyers (Bids)

No. Vol. Price($)
5 22151 $7.64
 

Sellers (Offers)

Price($) Vol. No.
$7.66 12306 2
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
WHC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.