It’s just another signpost on the way to the Great Green Economy Downunder
We’re watching the renewable bubble pop around us. Tritium was the wonder-child Australian technology business that built fast chargers for electric vehicles. It took 20 years to create, and only two years to unravel into receivership. At its peak in 2021, it launched on the NASDAQ and was worth $2 billion, now it is insolvent.
The Driven, explains just how big it was:
The company says it has sold more than 13,000 DC fast chargers in more than 40 countries. At its peak it claimed to be the biggest maker of fast chargers in the US with a 30 per cent market share (unclear if this included the Tesla network), and a 75 per cent share in Australia, and one of the top three in Europe.
When it launched in 2021, shares were selling for $2,500 each. The current price is $1.35.
Tritium Share Price. NASDAQ
Tritium is the perfect emblem for the Technocratic Planned Economy
Only one year ago the Prime Minister of Australia was raving about them, and using Tritium as the posterchild to sell his new $15 billion “National Reconstruction Fund” to “build sovereign capability”.
During his visit, the Prime Minister said, “This is my third visit to Tritium. Every time I come back, I hear about more revenue, more jobs being created, and more countries where Australia is exporting to. This is a great success story here and I congratulate everyone at Tritium for their achievements.”
Nick Bonyhady and Tom Rabe at The Australian Financial Review point at energy prices:
A Nasdaq-listed electric vehicle fast-charger company hailed first as a Queensland success story and then as a justification for government subsidies is the second major Australian manufacturer to collapse this week.
Tritium’s demise comes just days after Australia’s largest plastics producer, Qenos, was placed into administration, and as an industry chief warns that rising east coast gas prices will continue to threaten a range of domestic manufacturing across the country.
In 2021 Australia was the world’s largest exporter of LNG but in a quest for climate purity we’ve banned so many exploration sites, and pursued so many stupid energy options we are about to start importing gas.
” Gas industry leaders have labelled “bizarre” and unbelievable the likelihood that Australia could soon start importing gas.”
Daniel Mercer, ABC
Peter Tinley [MP] said it made no sense for states to ban the practice of fracking to develop onshore gas reserves while also allowing the import of offshore supplies that were exploited using the same method.
Victoria has banned fracking through legislation since 2017.
“I find it ironic that some jurisdictions ban fracking, for example, but will eventually be importing fracked gas,” Mr Tinley told the Australian Domestic Gas Outlook conference in Sydney. “How do you correlate that?
h/t CO2 Lover, Old Ozzie, David Maddison.
Image by Reto Scheiwiller from Pixabay
Yes. How do you?
But it didn’t start yesterday!
220
How do you go broke by selling product?
If you are unable to finance the delivery and build time at a profit don’t take the order.
220
From what I read, their fast chargers kept breaking down.
180
When you make a new product it will be difficult to scale if you do not make all the parts for that product. the delivery time will blow out to 180 days and the suppliers will demand cash payment on order. Getting big, fast, literally sends you broke.
Having a share price that values the company at $2B does not mean the company received $2B of capital.
If your customers cannot make money because the price for the product is too high they cannot afford a maintenance contract.
If you allow others to resell and badge your product you better know they are only going to sell your product and can support it with approved spares and certified personnel.
Never move manufacturing away from your eyeballs to get more orders.
290
I remember a retired IBM gent, brought out to WA by the state govt to advise local industries, advising me not to think that outsourcing work would make my life easier – he pointed out that it would increase your management workload. Wise words.
160
Depends why its needed and how it’s set up. Going into it thinking it makes managements life easier probably isnt a great start. Certainly makes HRs life easier I suppose.
40
I dont mind a fringe company like this going bust and burning their opportunist investors cash….but, how much of our “GREEN ENERGY” public cash grants and subsidies were consumed by Tritium before they called it a day !
390
Taxpayer money harvested is as follows:
The US part of the operation received a US Government grant of US$400,000.
https://www.tritiumcharging.com/tritium-receives-doe-funding/
In Australia they received $2.5 million in 2016 from the Queemslandistan Government.
https://chargedevs.com/newswire/australian-state-government-invests-in-fast-charger-manufacturer-tritium/
The Australian Government gave $24.55 million of taxpayer money to charging station providers in Australia, presumably much or most of which was spent on Australian Tritium chargers.
Of thst money, $7.05 million went to Ampol who are definitely using Tritium chargers.
https://www.electrive.com/2021/07/30/australian-government-funds-fast-charger-expansion/
Presumably there are other taxpayer grants and other concessions.
271
Sounds to me that they did not get much directly. No doubt the government announced any largesse 50 times over, only paid a 150% tax allowance after it got paid the 100% etc etc. The marketing departments go into overdrive.
Everyone forgets government is an overhead. It will always by definition takes far more than it gives.
If your customers cannot make money out of your product you will always be at the mercy of government who have never run a business.
The management at Tritium have received some battle scars and are now worth employing.
60
The management at Tritium have received some battle scars and are now worth employing.
Sure about that? If they are dyed in the wool ecofascists then they will still be useless. Of course, if they sold their shares at the top of the market they will be rich and useless.
11
“rising east coast gas prices will continue to threaten a range of domestic manufacturing across the country.”
Not just ethane prices.
QENOS was one of the 250 Australian “biggest polluters” companies which by law had to pay CO2 taxes of 35%, hiking at 5% a year for 7 years. You know when you are not wanted and your 700 jobs are not wanted.
CO2 happens when you use gas to make things, like plastics. Most of a Million tons of plastics a year for everything Australians buy. Plastics which will have to come from China.
No company can survive an additional 35% hike in their feedstock prices from hidden carbon credits which buy nothing. So the Chinese owners are cashing their vast industrial realestate and goodbye to the incredible investment in 700 staff and endless processing technology to produce most of a million tons of plastics a year. This is a national tragedy in what should be a protected industry. Run out of town by the Albanese government and every government for the last 23 years.
This is not some accidental collapse by a poorly run business. Every major business in Australia is under the same pressure under the SAFEGUARD MECHANISM 2023. Everyone. Every miner. Concrete. Glass. Steel. Aluminum. Every transport company like QANTAS, VIRGIN who cannot avoid generating CO2. Even the Trans Tasman Ferry. Every major trucking company. All steel makers and coal mines. Glass makers. Even the MMBW for its sewage. The list is amazing and too long for here.
And no one in the press notices the destruction of every major manufactuing, transport, agriculture, mining, smelting business. It is not just the completely artificial hike in gas prices and shortages, especially in Victoria but the endless hidden ripoff.
Again, this is NOT a tax. This is an obligation to buy carbon credits so the government never has to publicly account for the money in the budget statement. It flows to people who grow trees and more. Under the Carbon Credits (Carbon Farming Initiative) Act 2011
Like the terrible Renewable Energy(Electricity) Act which jacked up electricity prices with Green certificates which gave a river of cash to windmill and solar panels owners, this is all quite illegal.
Governments for 900 years, since Magna Carta have been forbidden from passing laws to demand payments to third parties.
And what do the public get for these tens of billions of dollars a year. Nothing. Other people then make us pay for THEIR free wind and solar and growing trees. Which of course do absolutely nothing to reduce CO2, even if it was a problem.
762
And how is it possible that one of the two biggest exporter of coal and a major LPG exporter runs out of energy and gas? We used to turn our coal into gas? Shut down. And we have plenty of ready to use gas in Victoria. Outlawed.
New Federal laws will be passed to force Australian gas companies to reroute their exports to Australia when we should be swimming in the stuff in Victoria alone. Because we Victorians are forbidden by law to use gas in new houses, look for gas or even buy gas we have already found. We are by law not allowed to pick up sticks in the forests.
This lawfare, especially in Victoria is aimed squarely at destroying Australian manufacturing, agriculture, mining, transport and benefiting China. It’s nothing to do with the environment.
One of our biggest industries is going to be forced to close because of the banning of CO2. Which makes no science sense at all. And it is using hidden vouchers, certificates, electronic devices to extract the money while the minions of Canberra penalise anyone who refuses to pay their friends who make windmills and solar panels, again China.
None of this is about fantasy Climate Change. It’s all about making Australia helpless on a plan. As we celebrate ANZAC day, a day forbidden by the Labor government in Melbourne when BLM marches were allowed, we must remember that the people who benefit from the demise of our country are the same who do not want us to buy US submarines. And Paul Keating and his disciple treasurer Jim Chalmers are pushing the subjugation of Australia with illegal laws. So much for Democracy.
640
And how will smelting survive? All metal making is fundamentally CO2 to remove O2 from oxides. Lead, iron, aluminum,..
We will have to stop making metals, bricks, concrete, plastics, everything. All this talk of “Green Hydrogen” is just a lie. And the Albanese government pretending to back “Green Aluminium”. What deceit!
All aluminum producers are backs to the wall with electricity prices. Aluminium is basically electricity for metal and produces CO2. So the Victorian government is propping up the industries they cannot afford publicly to fail and the political backlash, so we the taxpayers are paying the wages at Portland while they pretend to operate profitably. It’s all fake manufacturing having been crucified by the Climate Change Crazies.
Cui Bono? It all points to China and the driving political influence of Paul Keating and friends, people who openly hate both Britain and America and think we would be better off as China slaves. Who needs to fight a war? Just impoverish everyone with punitive laws and vast illegal hidden costs, not taxes. And let the Unions run all the superannuation and seek BLM, DEI and reparations. The next step was to change the Constitution to get rid of any sign of democracy and put all power in the hands of the ruling elite.
It’s all so obvious. And the press does not seem to notice.
640
And how will smelting survive?
https://www.abc.net.au/news/2020-12-14/portland-alcoa-future-guaranteed-by-government/12980232
Aluminium smelting consumes around 9% of Australia’s electricity production.
260
And how is it possible that one of the two biggest exporter of coal and a major LPG exporter runs out of energy and gas? We used to turn our coal into gas? Shut down. And we have plenty of ready to use gas in Victoria. Outlawed.
TdeF,
It’s because we have Green Idiots like this in Federal Parliament. along with Labor PM Albanese, Labor Blackout Bowen and State Labor Premiers, ALL with Zero Business experience
‘Pompous’ Senator Nick McKim’s embarrassing lack of business know-how exposed by his unedifying spray at supermarket inquiry
The Greens Senator who tried to lecture the Woolworths CEO on corporate finance this week displayed a level of corporate ignorance comparable to the failed logic behind Labor’s climate policy, writes Nick Cater.
Senate committee hearings, at their best, are a valuable part of the democratic process that stop governments going astray.
At their worst, they are the parliamentary equivalent of an open-mic night at the Comedy Club, an opportunity for politicians to showcase their ignorance to the world.
A senator more self-aware than Nick McKim would have skulked away from Tuesday’s supermarket enquiry and hidden under his bed for a week.
Instead, McKim posted his exchange with Woolworth boss Brad Banducci on social media, which suggests he was rather proud of it.
It is hardly surprising that a wilderness hiking guide and environmental activist doesn’t understand the difference between the return on equity (ROE) and return on capital employed (ROCE).
One would hope, however, that he would have been prepared to listen and learn from Banducci.
For while Banducci might not be able to distinguish between a Myrtle Beech and a King Billy Pine, he does know his way around corporate finance.
Instead, McKim pompously interrupted Banducci and threatened him with jail time for parliamentary contempt.
The importance of return on capital isn’t hard to understand.
It is why pubs with expensive fit-outs charge $15 for a schooner of beer.
It is why no farmer would spend $1 million on a new header without calculating how many hectares of wheat he would have to harvest to get his money back.
This tiresome, petulant performance established one thing at least: the return on investment for taxpayers who provide McKim’s salary and perks is somewhat underwhelming.
430
I remember deliveries in Sydney 1950s;
140
Coking coal oxidizes volatile hydrocarbons stuck in coal pores, n-anes, n-enes, phenols.
These valuable hydrocarbons can be extracted using pressure (up to 90MPa), heat (pyrolysis) or solvents.
Coal pores are block by water polarity. Polarity must be negated before a solvent can mix with any hydrocarbons otherwise high pressure and/or must be applied.
10
TdeF. I have been saying likewise for years. Who benefits? It’s not us. This government is actively working for China. Even when they announce additional defense spending it is in the future after the war. Albo and Co are traitorous as are the socialist state governments.
240
Polyethylene in various forms was the main product of Qenos.
Just a point of clarification, the catalysis-induced polymerisation of ethane/ethylene to polyethylene does not itself create CO2.
n CH2=CH2 (gas) → [−CH2−CH2−]n (solid)
Obviously the combustion of gas to make electricity used to make things does produce badly needed CO2 (what the Left call “carbon” ((sic)).
220
I am not familiar with these processes and it must be an extremely endothermic reaction and involves no oxygen, so no direct CO2. And there was scope to reduce the CO2, but it would be costly. AGL had a plan.
The CO2 output associated with this process is huge from the energy required, not the actual product. And AGL had a plan. But it was all based on gas, now an effectively banned carbon product.
“The embedded co-generation facility is expected to reduce greenhouse gas emissions associated with the production of polyethylene at the Qenos plant by 100,000 tonnes CO2-e per annum, the equivalent to 24,390 cars off the road.”
But it’s another $45Million the operator did not have. And the government was not interested in keeping QENOS going or in any solution which used gas. So let it all go to China. And we will save the planet by forcing them to close.
180
But the government only wants to fund dreamers, not real businesses. This is an entrepreneurial government, willing to take huge commercial risks with your taxes and no actual advice from people in the industry. So all the Green opportunists. More Hot Rocks anyone? What about tide energy? Get your advice from Tim Flannery, the famous scientist. He can tell you what giant extinct wombats would have done.
200
The fake conservative faction of the Uniparty, Liberals, were in Government after that legislation.
They could have repealed it but didn’t because they also believe in the anthropogenic global warming fraud. The only one who was sceptical was Tony Abbott, and then there was a coup d’état against him.
The possibility of a coup d’état against Abbott for that reason was in fact warned about by Lord Monckton:
https://youtu.be/NG0WcjGHkEw
260
How New Zealand fell for a Carbon Credit scam.
How many such scams has Australia fallen for?
https://thespinoff.co.nz/politics/18-04-2016/dodgy-deals-with-climate-fraudsters-nzs-role-in-the-junk-carbon-scam
150
Personally I believe all these new illegal ripoffs are created by the swamp in Canberra. I am prepared to believe that Albanese and Bowen don’t have a clue. They just pass the laws.
And I am prepared to believe many do not understand Australia has massive carbon ripoffs (faux taxes). Consider senior government advisers Ross Garnaut and Rod Sims just two months ago. “Ross Garnaut and Rod Sims have proposed a $100billion a year fossilfuel tax and its a debate Australia should embrace”
How crazy is that? How could they not know about these illegal massive ripoffs? And they call their scheme a ‘levy’ not a tax, so playing the same three shell deceit game.
190
Yet none dare call it TREASON?
320
Why not?
We should!
It is!
And the primary perpetrator was Hawke!
210
And believe it or not the LNP ( AKA the UNIPARTY ) opposition are just as involved in the plan to destroy the country’s economy..
Dutton has mentioned his interest in having. “ conversation “ about nuclear power. That’s about as far as it will go as the LNP is in bed with the ALP/ Green coalition . The LNP party room is the base for all the bedwetters and they’ll carry on with the ner zero targets regardless. Time to get rid of that party room!
251
Yes.
When you have the Liberal leader stating that he would like to see nuclear as a “backup” or “firming” to renewables you know that they have totally lost the plot!
The stupidity and cowardice of politicians never ceases to amaze and amuse me.
300
Here is Australia’s PM and “Chief Engineer” explaining how you can use solar panels at night to charge your EV for free.
https://youtu.be/vyS9uqRLbB8
180
All these Aussie wasted billions of $ and 34 years of wasted time for NOTHING.
And in that time the OECD co2 emissions per year are ZIP difference and the NON OECD have increased their co2 emissions per year by about 14.3 billion tons. See OWI Data.
Look up the data for yourselves and if you BELIEVE co2 is an evil trace gas you should travel to China, India and Asia etc and howl at the moon over there until you get a response and probably get thrown in jail.
The idea that govt should pick winners is always a sick joke and yet the real jokers like the Albo idiot , BO Bowen and the clueless Greens etc never WAKE UP.
We need BASE-LOAD energy ASAP and forget about expensive, stupid TOXIC W & S and protect our environments.
250
Again here’s the co2 emissions since 1990 for the World and also showing the OECD and the NON OECD.
This is for 2022 and it would be higher by 2024.
https://ourworldindata.org/grapher/annual-co2-emissions-per-country?country=OWID_WRL~OECD+%28GCP%29~Non-OECD+%28GCP%29
100
Key dates on this graph are 1995 when the first COP meeting was held in Berlin and 2005 when the Paris Agreement was signed.
Global CO2 emissions have continued to climb inspite of these meetings of the private jet-setting elites
The only dips occurred in 2008 due lower economic activity and growth due to the Global Financial Crisis and in 2021- 2022 due to the COVID Plandemic
121
How to destroy a country in 3 short years. These fools are dumber than dumb. Problem is some have infiltrated the conservative party with the Qld opposition leader now supporting Labors climate policies!
360
To be followed shortly by multiple current ruinable projects, enthusiastically endorsed by the media. But not before the billions have been funneled to maaates and completed before 2030.
240
“I find it ironic that some jurisdictions ban fracking, for example, but will eventually be importing fracked gas,” Mr Tinley told the Australian Domestic Gas Outlook conference in Sydney. “How do you correlate that?
That comment is looking in the wrong place. Looking at logic rather than belief / dogma. Fracking bad for environment because movie a long time ago and shrieking minority greenies they pander to. Import gas, so imagined damage is somewhere else, out of sight out of mind. Eveything is virtuous in their little bubble.
Its the same mindest that see EVs as virtuous planet savers while ignoring child labour and toxic production processes overseas. Makes sense to them.
220
Maybe shareholders who lost money should sue Australia’s PM and “Chief Engineer” Albanese for falsely hyping up the success and prospects of the company.
200
We lost $98 million on hot rocks.
The Turnbull family stole $444million in cash to save the Great Barrier Reef with no request or explanation. Nothing has been heard of the money since.
Now $1 Billion on Green aluminium, solar panels and more.
And we are paying as much as $20Billion to build a useless water battery in Snowy II, now not only overdue by years but 10x the original estimate and no hope of completion this decade. Still the cash flows. Overseas.
You do get the impression that the politicians are just having fun with our money. Who needs manufacturing anyway? We can buy it all from China.
But what is really upsetting are the hidden tens of billions on carbon ripoffs affecting every energy consumer and now every manufacturer, the “big polluters”. That stolen money is not going anywhere near government, so no explanation, justification or even reporting is required. It’s all ‘saving the planet’ billions. Not only illegal, no one is even bothering to report on how effective it is. Because there is no effect at all except to hand ownership of Australia overseas as a gift.
It’s not Green manufacturing. It’s ZERO manufacturing. That’s the Keating/Chalmers aim. And to keep all our resources in the ground and not squander them on Australians.
320
What I don’t understand is why big business doesn’t take them on in the high court. I have read they are all doing deals out the back, like to reduce the 5% per annum CO2 hike to 1%.
It’s all dirty deals in restaurants with Labor party heavies and senior public servants. Enforcement exceptions. No one need know. Subsidies to compensate for damage and avoid embarrassing mass layoffs, as with QENOS.
But if Orica or Bluescope or Infrabuild or Western Mining or SANTOS took them on in the High Court, these two critical laws using fake green instuments, certificates, would be declared invalid.
The targets are the Renewable Energy(Electricity) Act 2001 and the Safeguard Mechanism Act (2023).
Both are outright theft, not taxation. Governments have no power to force subjects to pay third parties and for nothing at all. All these tens of billions a year are off the books. Taxes have to go into general revenue and every year the Federal Treasurer has to explain himself and budget. With this device the Australia consumer has paid for all the windmills. And we do not own them so we pay again for the electricity. What a jolly rort!
Even the pieces of paper are electronic, so no one sees them or the cash. This is a device invented by the gnomes of Canberra and copied around the world to get past the illegal nature of enrichment of Third Parties by order of the Government.
Governments can tax. They cannot demand extortion secret cash payments to their friends let alone for nothing at all. A Climate Protection racket. That’s a mafia dream enacted by all PMs from Howard to Albanese. Meanwhile “there will not be a carbon tax in a government I lead” is what the dumb voters are told.
300
That gets right to the heart of it.
170
Maybe all of this activity by the Government should be brought to the attention of our new Governor Genderal.
I’m sure she would be horrified at how things are being done outside the nations definitive framework.
If they don’t fix there ways she could then approach King Charles.
160
Indeed.
The first is a DEI quota hire.
The latter is overcome with wokeness and has failed in his duty to protect the realm.
140
Governor ‘Genderal’, I see what you did there. LOL
170
Please accept my humble apology for that mistake.
60
You have excellent knowledge of this TdeF.
In order to broaden awareness of this beyond Jo’s blog, may I suggest you also go to Sky News with the information including Andrew Bolt, politicians like Senator Babet, Malcolm Roberts, Senator Rennick and others, write articles for Spectator Australia, Institute of Public Affairs, and also see if you can speak at the next CPAC conference in Australia (Brisbane, October).
240
Maybe because they remember what happened to Exxon/Chevron etc in the US ?….
https://www.vox.com/22745597/big-oil-congress-hearing-exxonmobil-bp-chevron-shell
70
“We lost $98 million on hot rocks.”
You would at least think that Innamincka would have diesel free power by now.
70
Interestingly Geodynamics folded their hot rocks geothermal project after tax payer funding. The renamed ReNu Energy is aiming to develop green hydrogen fuelling stations for fuel cell powered vehicles. Directors and management have taken a hair cut as the SP is 0.8c (that’s cents not dollars). Hello Two-Jets! They need our cash!
60
I still believe that Geothermal may be the most likely “interim” (transitional ?) . Energy source whilst we wait for Nuclear (fusion/fission) or some other final solution for infinite energy.
Ongoing deep drilling development can enable economic access to Geothermal energy at most locations on the surface of the earth..especially at existing thermal power station sites to replace coal and gas fuels without needing to disrupt distribution systems .
16
Do you have any examples? With $$$ and production numbers?
Cheers,
Dave B
30
Still being developed, ..so No real data..
https://www.thedriller.com/articles/92936-innovating-deep-into-the-earth-the-future-of-geothermal-drilling
11
Don’t get me wrong. There is energy in hot rocks, wave power, offshore ammonium cycle generators and many more technologies. All we get is Chinese windtowers and solar panels. Nothing which can even begin to replace coal and gas. And for experts we get Flannery, “the technology is straight forward“. Which was obviously wrong. And from a man who has no tertiary science qualifications, except giant very dead wombats.
But when we in Australia have hundreds of years of coal, gas, shale, offshore, fracking, high temperature high efficiency power generation, hybrid cars, we can go for another 500 years. But according to the National energy managers we will run out of power next year! How does that even begin to make economic sense?
How can coal and iron ore be paying the bills for the government and the same government bans us from using our own resources? How can we run out of gas when it is a major export? Who is paying these people? And don’t tell me we are saving the planet. That’s absolute nonsense.
120
It is deliberate and planned destruction of our heritage and future.
260
California attempts to reduce solar subsidy by stealth! “California’s solar metering program will cost customers without solar an estimated $6.5 billion in 2024, a figure that has doubled from 2021.” “California has spent $103 billion on its solar energy systems, much of it in the form of taxpayer funding, meaning the real cost to non-solar owners is even higher through taxation.”
It is happening here too!
190
I trust my broker would not advise me to buy a green share at $2,500 a pop, unless he knew something and was eyeing off a quick profit.
As a member of a family steeped in mining and resource development, I slap myself in the head at how stupidly the joint is trying to wreck itself.
190
https://principia-scientific.com/un-fearmonger-claims-only-two-years-left-to-save-the-planet/
Another fearmonger joins the septic outflow! He joins a very illustrious club of useful idiots who have said much the same thing over the past 30 years! All have achieved the same nett zero truth
150
Aren’t there sources of gas that can be got at without the need for fracking?
Fracking was proposed for a site near a local water supply/storage facility, and that seemed to be ridiculous.
Fracking may be okay in some areas, but not near farmland and water storage areas.
21
I think there is something about the Victorian fracking areas, where the water that is released, is usable by farms? In Qland, and most of the world, it isn’t.
30
There is nothing wrong with fracking if it doesn’t interfere with the water supply.
Fracking is banned under Victoria’s Constitution.
Unbelievable but true.
Both factions of the Uniparty support it.
Constitution Amendment (Fracking Ban) Act 2021
https://www.legislation.vic.gov.au/as-made/acts/constitution-amendment-fracking-ban-act-2021
100
Balmain Colliery was a coal mine located in Birchgrove in the inner-west of Sydney, in the state of New South Wales, Australia. It produced coal from 1897 until 1931 and natural gas from 1937 to 1950.[1] At approximately 800 metres (2,600 ft) in depth, it remains the deepest coal mine ever to have been sunk in Australia.[2]
100
Would still be emitting gas too.
Gas should be snared & flared.
Greenie neighbourhood should not be spared!
50
40
As I understand it, the dangers of properly-conducted fracking have been shown over many decades to be absolutely zero. The dangers you hear about are propaganda, not real.
The plot against fracking
How cheap energy was killed by Green lies and Russian propaganda
90
It’s the same scientific logic that’s determined the behaviour of CO2 in the atmosphere is the cause of weather events.
160
Australia’s Biggest Rent Seeker never misses and Opportunity
https://www.abc.net.au/news/2024-04-13/australias-first-gas-terminal-nears-completion/103701306
110
A “Green Collapse “.
I wonder how all of those Super Fund Managers who rose from their Union jobs to look after their mates retirement savings are feeling now.
Might be time to move on.
120
“In 2021 Australia was the world’s largest exporter of LNG but in a quest for climate purity we’ve banned so many exploration sites, and pursued so many stupid energy options we are about to start importing gas.”
You can see now who is running the asylum.
150
All “green” energy projects should be interpreted as parasitic drains on the economy.
There is simply not enough wealth being generated in Australia to support this huge and rapidly increasing parasitic load.
It is definitely not going to end well.
160
The Cubaisation of the Car Industry
With Governments seeking to ban the sale of new ICE cars in a few years time – only the wealthy woke will be able to afford new cars.
This will force most buyers to hang onto the existing ICE cars much longer and older cars will become much more common as they are in Cuba.
High tech has arrived in the car wrecking business
https://www.youtube.com/watch?v=pnh1PRBQOPc
And well maintained reliable cars such as those produced by Toyota will last a long time and reusing parts to keep them running is more environmentally friendly that buying a new EV.
A Toyota after 300,000 miles
https://www.youtube.com/watch?v=ug–U5FkTTo
90
I have a Ford V8 Mustang convertable made in 1964 that is still going strong – gas mileage is not the best though! Spare parts are readily available and affordable.
Model T Fords made over a century ago can still be driven on our roads.
https://www.justcars.com.au/cars/for-sale/ford/model%20t?taxonomy%5B0%5D%5B0%5D=ford&taxonomy%5B1%5D%5B0%5D=model%20t
70
Have you considered installing an open source ECU and fuel injection or something like a Holley Sniper EFI kit which is self-tuning, no set up with a laptop is required.
70
Yes I read up on the Holley Sniper but as the V8 is not a daily driver I do not get stresed by the extra CO2 production – I see myself as a friend of the plants.
I did add front disc brakes though
80
How Many Tesla Cybertruck owners will be able to achieve such fame?
https://www.motor1.com/news/702983/2014-toyota-tundra-million-miles/
Over the years, we’ve seen cars reach the million-mile club. It’s the best testament to vehicle durability and coincidentally, a number of those vehicles we’ve covered were Toyotas.
Specifically, two Toyota Tundra units from 2007 have reached the seven-digit mark. One of them was owned by Victor Sheppard, which reached one million miles (1,609,000 kilometers) in 2016. Toyota gave Sheppard a brand new Tundra to replace his old truck.
The automaker then studied the vehicle to see what held up in its nine years on the road.
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As daily drivers I have a Toyota Yaris and a VW UP!
Have had no problems with the 2014 Yaris with 150,000 km on the clock apart from my youngest daughter running to the back of a truck – no damage to the engine though – just a new bonnet and grill
https://www.motor1.com/news/518768/toyota-tacoma-million-half-miles/
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I read some time ago about a 1980s Toyota Land Cruiser diesel used for heavy transport highway pilot duties that had been driven 1.2 million kilometres and still original diesel engine, gearbox and differentials, oil changed every 5,000 kilometres and oil filter at 10,000 kilometres
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The Toyota I drive eveyday has over 300k miles (500k klms)
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Green projects that come to grief,
Are follies that don’t bring relief,
To the public purse waste,
All on warmism based.
A premise of false belief.
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TdeF. I have been saying likewise for years. Who benefits? It’s not us. This government is actively working for China. Even when they announce additional defense spending it is in the future after the war. Albo and Co are traitorous as are the socialist state governments.
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All that glitters is not GREEN!
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Power electronics engineering is already as very mature and competitive market.
Not saying you can’t make money … but it’s tough, and certainly not going to happen for a company doing pretty much what everyone else has been doing.
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Tritium has a half-life of about 12.3 years.
The isotope, evidently not the company…
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FWIW
“Is There More To This Current Bird Flu Panic Than Meets The Eye?”
“But perhaps cows would not be getting infected if we were not literally feeding them chicken crap…”
https://www.zerohedge.com/medical/there-more-current-bird-flu-panic-meets-eye
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More from Willis E
“Now You Sea Ice, Now You Don’t”
“Here’s the interesting part. Nobody knows the answers to any of those questions. And I suppose predictably, since they’re based on our (mis)understandings of the climate, none of the climate models either forecasts or hindcasts sea ice extent doing anything even remotely similar to the actual observations.
So I’ll leave this here as a testament to just how little we understand the magnificent global heat engine that we call the climate …”
https://wattsupwiththat.com/2024/04/19/now-you-sea-ice-now-you-dont/
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My view is that like so much of all the climates and especially at the cold poles, almost all heat is in the ocean and the movement of this heat in currents controls everything. The idea of modelling the air is a case of modelling the effect, not the cause. They are correlated but air has 1/1600th of the heat capacity of the oceans. And that applies to both temperature and CO2. Until we have good models of sea currents, we cannot understand and can certainly not predict. And cloud cover as well, as it is very significant also in determining air temperature, at least under the clouds where we live.
So I am not surprised that air temperature does not correlate with sea ice extent. Likely it has almost zero effect. Both are effects, not causes of the ocean and ocean currents which contain 99.9% of the heat of the planetary surface. And of course the ice is 90% in the water, not the air.
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I think that whilst Tritium would appear to be unsuccessful relative to other projects that have been subsided the fact that the amount of subsidies involved is relatively small from the taxpayers point of view makes it one of the more successful ventures. When one can start with the assumption that every green project supported by government will fail those that require the least subsidies are the most successful. It appears that most of Tritiums capital came from investors so I see it as an example of why capitalism is a good thing.
As a taxpayer I have more anxiety about the geothermal failure that cost $100 mill in subsidies . Looking at the future the $billions of our money promised on Green hydrogen for Twiggy and made in Australia renewables for Cannon Brookes will make the Tritium investment seem prudential.
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In retrospect it was a bad investment…..
…but in effect all investments are a gamble, and the bigger the potential “win”, then the bigger the initial stake !
A successful Geothermal industry could have been worth billions ++ , and reduce power costs.
…whilst another EV charger business is worth ..???🙄.
( just another electroninics assembler !)
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“When one can start with the assumption that every green project supported by government will fail those that require the least subsidies are the most successful.”
That really is setting a low bar for politicians.
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It’s very simple. It’s the voting public fault and it is you, me and every other Joe Public who vote these muppets in. Quite frankly, there is sweet FA we can do about our politicians who are beholden to corporate greed and influence and in particular, overseas influence. If big pharma and Covid didn’t break you, fake energy will by destroying the middle class through higher prices and making us dependent on the government.
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Tritium?
One of the isotope of Hydrogen? The radioactive gas that glows in the dark?
The stuff that has been used for decades in an assortment of optical devices?
That tritium?
Or, did he “really mean”, THORIUM; a whole different box of rocks. Thorium; known about since the late 19th Century.
Thorium; seriously studied by the atomic research branch of Hitlers Postal service. Yes, the Reichs Post ran a HUGE nuclear research operation right to the dying days of the Reich. Why them? They were, with their corporate “partners”, like Siemens, WORLD leaders in electronics and instrumentation, without which you will not have much of nuclear research programme, let alone an industry”.
Interesting stuff, indeed, but if OUR pollie-muppets are profoundly ignorant of basic chemistry and geology, etc., what chance that there will be anything other than the usual?
Massive “redistribution” of taxpayers dollars, prodigious “spillage” and vague, mealy-mouthed “explanations”, somewhere down the increasingly gloomy track?
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When this scam goes tits up, it will take the $A with it.
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BlackRock, Wall Street firms reportedly steered billions to blacklisted Chinese companies
By Reuters
Published April 18, 2024, 2:41 p.m. ET
https://nypost.com/2024/04/18/business/blackrock-wall-street-firms-reportedly-steered-billions-to-blacklisted-chinese-companies/
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Forget AI, next thing is Brainwave Control
Siddharth Hariharoan tries to control a toy helicopter with his mind through the MindWave Mobile, a device by NeuroSky that reads brain waves.
https://www.nytimes.com/2024/04/17/science/colorado-brain-data-privacy.html
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[…] From JoNova […]
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