Down we go., page-9

First 9 Last

Share
Profile

Follow
LennyMack

68 Posts.

49

27/01/22

16:38

Post #: 59167587
Share

Originally posted by rocket973: ↑

"Rich countries have gone green energy mad"

Yes it will be the downfall of rich countries, so many high energy requirement industries are closing down, some are temporary but many are permanent.

Europe has been hit by an electricity price crisis caused by stupid politicians.
Solar and wind power have not worked out as expected.
Europe now has a major energy deficit and the world's most expensive energy, with low security of supply.
The energy crisis in Europe is the perfect example of what not to do. Around 20 years ago, Germany agreed on phasing out its nuclear plants. The closure of nuclear power plants has forced Germany to rely increasingly on fossil energy, including dirty brown coal. To avoid an energy shortage, Germany will have no choice but to build a large number of gas power plants by 2030.
According to some websites I've read it suggests that Germany needs to build at least 50 new gas plants and maybe as much as 140.
Belgium is in a league of its own its the only EU country to plan to increase the share of fossil fuels in its electricity mix. The Belgian government opposes nuclear power for ideological reasons. It plans to close all of the country’s nuclear reactors—which provide almost half of the electricity supply—by 2025.
To compensate for this closure, the government is counting on the opening of new gas-fired power stations and to increase its electricity imports.
All of this will cause a sharp increase in greenhouse gas emissions and a risk of supply shortages.
Most smelters will be bankrupt in the next 12 months.
This is a total stupidity.
The same may happen in Australia if each way Albo and the Labor/Greens win the next election.
Who is stupid enough to really believe that driving an EV will change the worlds climate?

Expand

yeah nah...:

"We are not facing an energy price surge because of our climate policy or because renewable energy is expensive. We are facing it because the fossil fuel prices are spiking,"

https://edition.cnn.com/2021/10/13/business/energy-crisis-europe/index.html

LYC Price at posting: $8.99 Sentiment: Hold Disclosure: Held
15 Upvote

2 Great analysis

Reply

Top Stories

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

There are more pages in this discussion • 64 more messages in this thread...

First 9 Last

Add LYC (ASX) to my watchlist

(20min delay)
Last $6.15		Change 0.100(1.65%)		Mkt cap ! $5.748B

Open	High	Low	Value	Volume
$6.18	$6.37	$6.08	$26.63M	4.279M

Buyers (Bids)

No.	Vol.	Price($)
3	17840	$6.14

Sellers (Offers)

Price($)	Vol.	No.
$6.17	8880	1

View Market Depth

No.	Vol.	Price($)
1	7504	6.130
2	10084	6.070
3	7665	6.050
1	165	6.040
1	155	6.030

Price($)	Vol.	No.
6.170	8880	1
6.240	500	1
6.250	125	1
6.290	4000	1
6.300	24601	1

Last trade - 16.10pm 26/07/2024 (20 minute delay)

LYC (ASX) Chart

Down we go., page-9

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Down we go., page-9

Top Stories

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News