AGL agl energy limited.

The reason coal and gas prices are at record highs is because of...

  1. 10,405 Posts.
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    The reason coal and gas prices are at record highs is because of the madness people like you are trying to perpetuate. Governments and Banks and other financiers have made it almost impossible to perform any investment in base load fuels like coal gas and oil. However, if you want investment into wind farms and/or solar farms (which are manufactured almost entirely within China), then there is plenty of global capital that will be thrown at you.

    Even someone who has completed basic high school economics understands that reducing supply of something (while demand remains constant or increasing), will result in significant wide scale price increases.

    In my life in Australia, I've never heard of electricity shortages but suddenly within the last few months I've seen the following:

    From yesterday (Sydney could run out of gas): https://www.news.com.au/finance/homes-could-run-out-of-gas-tomorrow-as-energy-market-operator-declares-emergency/news-story/4dd13022646e528f27c5659ea22641d0

    From 1 month ago (Sydney could run out of electricity which lead to the government stepping in): https://asia.nikkei.com/Business/Energy/Resource-rich-Australia-grapples-with-coal-power-shortage

    If you believe that some wind mills and solar panels are cheaper (and more reliable) than operating a coal and/or nuclear power plant, then you're more likely to be an ideologue trying to promote your new ESG religion, rather than someone trying to solve problems for humanity.


 
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