WDS woodside energy group ltd

Woodside, page-92

  1. 232 Posts.
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    Hi Adi,

    Think you may also have forgotten a chart as well. Here we see that in the last 25 years the world energy production from coal has increasedfrom 24.95% in 1998 to 26.73% in 2022. (Oh and coal use in 2023 has climbed from 2022 sostill trending up.)



    19982022200020052010201520200%5%10%15%20%25%30%World

    1965



    2022

    Data source:Energy Institute Statistical Review of World Energy (2023)-Learn more about this data


    Note:Primary energy is calculated using the 'substitution method', which accounts for the energy production inefficiencies of fossil fuels.




    And that's after 25 years and many many trillions of dollars invested in renewables that manage to produce limited amounts of sporadic electricity.

    And you imagine that in the next 15 years, especially in light of the world's increasing appetite for energy, that renewables will magically fill the gap such that fossil fuels will progressively be in terminal decline.

    Maybe you could show us the charts of the mining required, the production energy required, the land and sea areas required and the new transmission required to support this fantasy. So people could understand the sacrifice you are really asking of them.

    Small companies asking for funds often sound like this. They get to a certain slide in their deck and suddenly it's clear that their strategy is for a miracle to happen. They really have not done the hard strategic detail work and really thought it through. But they sure want the funds...

    And 1036 NEW coal fired power stations either planned, approved and permitted or already under construction around the world.

    Cuppa



 
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