you know there's an energy crisis when..., page-3

Hi Yaq,

You have definitely covered the major points

1. The Saudis want to make money from their O&G by exporting it. If their internal power needs can be augmented by Nuclear then they can make more money selling HC. They know their oil gas will run out. They reckon 264Bnbbl left - the late Matt Simmons had his doubts about their reserves - overstated

2.Very bullish but there would be escape clauses in all the contracts so there is no absolute certainty of this revenue. It is oil linked anyway so is varaible down as well as up.

3. Agree - though shale gas development has been counter to this trend.

4. China might be having a rest soon. Recent news on the Oakajee project is that Sinosteel is putting its mine on care/maintenance. They are tired of cost blowouts and delays so they say but it may be that things are slowing back home as well. A canary moment.

5. Amazing - that our Govt is using Australia as an ideological Martyr to cutting CO2 while still exporting vast amounts of thermal coal and the major emitters just laughing at us. We need an election.

6. WA has its gas reservation 15% policy to stop it all being exported as LNG. The east coast will do the same which could have a dampening effect. NSW needs to follow QLD lead in giving CSG a leg up with mandated Gas powergen.

7. No one thinks the german plan is a done deal. It is a kneejerk reaction. A lot of capacity has to be replaced and wind/solar with molten salt wont do it. Maybe the French are laughing.

8. Same as above. Japanese are very innovative in the nuclear area. It is accepted that the fukushima problem was due to them siting too low and with only a 5.7m tsunami resistance capability , when the wave was 14m. It happened and the industry will learn. Extra LNG to Japan as you say will be likely for quite a few years.

9, How much has the IEA got right(Actuality) in its forecasts ? Sounds good to me though a "Golden Era"

10. Agree totally - the multinats always want to expand and we are in the box seat when the socialistic holders of the other major O&G assets lock them out.

Point 10 is the Best -- we have to get ourselves on their Multi-Nat Radar and one of their Target Scouting Teams interested


Cheers