OT: Current Affairs and Politics

[Chipmunk]

Depends who they get it from. Think of it like a business. Right now they may have 10 countries to buy it off. If that went down too 1 or 2 guess what will happen? They will be paying 3 x the amount and it may be unaffordable.

If collectively all of the coal exporting countries agreed to stop mining and selling coal then I would agree with the sentiment. But where is the evidence that most of the major countries who are involved in the export of coal are planning on stopping this practice?

 

[Gronk]

My point is that if that Australia went to 100% renewable energy and stopped mining and selling coal tomorrow, that it would little to affect on the impact of global warming or the amount of emission across the globe that is related to coal power.

Do you believe in climate change and the urgent need to arrest global emissions ? If so, then it needs to be a collective push by those who can and influence and assist those third world and emerging economies into the same direction.

Seriously the only reason why merkins have not embraced this and instead take "let's do nothing or delay for as long as we can" side is because of the notion that large government projects like reinventing the energy mix are perceived to be hugely expensive and will interfere with individuals’ livelihoods.

 

[Poupou Escobar]

Well we know it won't interfere with Gronk's livelihood.

 

[Gary Gutful]

My point is that if that Australia went to 100% renewable energy and stopped mining and selling coal tomorrow, that it would little to affect on the impact of global warming or the amount of emission across the globe that is related to coal power.

I was just joking. I know what your point is. You've made it 1000 times.

In short though. So what?

I regularly talk to analysts who prepare coal forecasts for me as I need to help my business that is heavily reliant on coal plan for a long term transition. They aren't anywhere near as bullish as you but it is clear that coal will at least remain strong-ish in the short to medium term (met moreso than thermal actually). Thermal clearly has a finite life. At this stage the long term lifespan of met coal is less clear.

Gronk made a good point that you are dismissing. There is significant investment in things like renewables, hydrogen and the creation of bioeconomies. Those industries are on the rise. Why wouldn't you want to get a slice of those pistachios and in the process create a more resilient and diversified economy?

 

[hindy111]

Well we know it won't interfere with Gronk's livelihood.

It will if he works for me and Ram.
#toilet boy

 

[Gronk]

Well we know it won't interfere with Gronk's livelihood.

Gee not like you to go after the poster/author, rather than staying on topic.

 

[hindy111]

I was just joking. I know what your point is. You've made it 1000 times.

In short though. So what?

I regularly talk to analysts who prepare coal forecasts for me as I need to help my business that is heavily reliant on coal plan for a long term transition. They aren't anywhere near as bullish as you but it is clear that coal will at least remain strong-ish in the short to medium term (met moreso than thermal actually). Thermal clearly has a finite life. At this stage the long term lifespan of met coal is less clear.

Gronk made a good point that you are dismissing. There is significant investment in things like renewables, hydrogen and the creation of bioeconomies. Those industries are on the rise. Why wouldn't you want to get a slice of those pistachios and in the process create a more resilient and diversified economy?

1000 x
Just as effective as saying 1000 times.

 

[Gronk]

It will if he works for me and Ram.
#toilet boy

I won't be working for you merkin. I'll just wait for your operation to go bust, buy it for the cost of the furniture and turn it around into a winner.

 

[Poupou Escobar]

I was just joking. I know what your point is. You've made it 1000 times.

In short though. So what?

I regularly talk to analysts who prepare coal forecasts for me as I need to help my business that is heavily reliant on coal plan for a long term transition. They aren't anywhere near as bullish as you but it is clear that coal will at least remain strong-ish in the short to medium term (met moreso than thermal actually). Thermal clearly has a finite life. At this stage the long term lifespan of met coal is less clear.

Gronk made a good point that you are dismissing. There is significant investment in things like renewables, hydrogen and the creation of bioeconomies. Those industries are on the rise. Why wouldn't you want to get a slice of those pistachios and in the process create a more resilient and diversified economy?

So if there's a demand where are the merkins developing this stuff for the market? Why do they need the government to do anything about it?

 

[Gary Gutful]

So if there's a demand where are the merkins developing this stuff for the market?

Everywhere merkin. The amount of renewable energy in markets around the world has been significantly increasing.

Why do they need the government to do anything about it?

I didn't suggest that they did.

Though I will say that we need climate policy certainty one way or the other. What we have now isn't ideal and presents a sovereign risk when it comes to investment. It was a point that many investors made to me at a Bioeconomy conference that I recently attended. They don't want certainty of outcome, just certainty of process.

Once the rules are clear though, Govt should get the f**k out of the way and let industry create a diversified economy.

 

[Poupou Escobar]

Sounds like industry wants Johnny Taxpayer to cover their risk for them.

 

[hindy111]

I won't be working for you merkin. I'll just wait for your operation to go bust, buy it for the cost of the furniture and turn it around into a winner.

The idea of me and Ram running a business that would go BUST ?
Laughable.

 

[hindy111]

Everywhere merkin. The amount of renewable energy in markets around the world has been significantly increasing.


I didn't suggest that they did.

Though I will say that we need climate policy certainty one way or the other. What we have now isn't ideal and presents a sovereign risk when it comes to investment. It was a point that many investors made to me at a Bioeconomy conference that I recently attended. They don't want certainty of outcome, just certainty of process.

Once the rules are clear though, Govt should get the f**k out of the way and let industry create a diversified economy.

I've got solar power on my van running a fridge. Costs me nothing to run but every merkin wants a free bottle of water. I'm running at a f**king loss here.

 

[Gary Gutful]

Sounds like industry wants Johnny Taxpayer to cover their risk for them.

What is wrong with Govt providing certainty of regulatory process? I'm not suggesting that things get rubber stamped or paid for. Just set out the rules that need to be followed!

Getting any kind of development or industry off the ground is borderline impossible when the guys in charge are making it up on the fly.

 

[Poupou Escobar]

I've got solar power on my van running a fridge. Costs me nothing to run but every merkin wants a free bottle of water. I'm running at a f**king loss here.

Gronk will turn it into a cash cow just as soon as he sacks TheRam.

 

[Poupou Escobar]

I get that view, but what is wrong with Govt providing regulatory certainty? Getting any kind of development or industry off the ground is borderline impossible when the guys in charge are making it up on the fly.

What regulation do you mean? The type where government signs up as the number one customer for a guaranteed thirty years?

 

[Chipmunk]

I was just joking. I know what your point is. You've made it 1000 times.

In short though. So what?

I regularly talk to analysts who prepare coal forecasts for me as I need to help my business that is heavily reliant on coal plan for a long term transition. They aren't anywhere near as bullish as you but it is clear that coal will at least remain strong-ish in the short to medium term (met moreso than thermal actually). Thermal clearly has a finite life. At this stage the long term lifespan of met coal is less clear.

Gronk made a good point that you are dismissing. There is significant investment in things like renewables, hydrogen and the creation of bioeconomies. Those industries are on the rise. Why wouldn't you want to get a slice of those pistachios and in the process create a more resilient and diversified economy?

I've got no problem with anyone getting into renewables, hydrogen etc also. I'm not sure where I've ever said that wasn't a good idea.

 

[Gary Gutful]

What regulation do you mean? The type where government signs up as the number one customer for a guaranteed thirty years?

Nope. Not that type.

 

[Gary Gutful]

I've got no problem with anyone getting into renewables, hydrogen etc also. I'm not sure where I've ever said that wasn't a good idea.

Well we are in wild agreement then. What shall we discuss next?

 

[Poupou Escobar]

Nope. Not that type.

Then what? What uncertainty is industry worried about? Surely if there's no existing regulation they can do what they like.