From the Energy Minister’s media release: Australia to boost fuel security and establish national oil reserve 22 April 2020 The Australian Government is boosting the nation’s long-term fuel security by taking advantage…
Category: Australia
How the first phase of peak oil brought Virgin Australia into minus after 2008
Fig 1: The conventional crude oil plateau started in 2005 At the end of the high oil price period in June 2014, Virgin Australia had liabilities of $ 4.7 bn. Despite lower…
Bush fires cause load shedding in New South Wales – January 2020
The pervasive climate change denial of various Australian governments and its consequences in the energy sector now take terrible revenge. This article is about an incident on Sat 4th 2020. A Saturday…
Australia’s oil consumption highly vulnerable to events in the Middle East
The world came very close to an escalating war in the Middle East. BBC asked: Iran missile attack: Did Tehran intentionally avoid US casualties? 8/1/2020 Fig 1: Damage to the US air…
Peak oil in Asia: where will the oil come from for the Asian Century?
Asian oil production peaked above 8 mb/d for the period between 2008 and 2016 (with spikes in 2010 and 2015). The 2015 peak was mainly caused by peak oil in China. Since…
Australian Fuel Security Review ignores peak oil in China 2015 (part 3)
Australia increased its internal oil dependency & vulnerability Let’s summarize what we covered in part 1 and 2 Australian oil production peaked in the year 2000 while oil consumption is going up…
Australian Fuel Security Review ignores peak oil in China 2015 (part 2)
Coming back to the 2019 Liquid Security Review https://www.environment.gov.au/energy/liquid-fuel-security-review-consultation Figures 9-11 in part 1 show how dependent Australia has become on fuel imports from South Korea and Japan, even China. The Review…
Australian Fuel Security Review ignores peak oil in China 2015 (part 1)
Just a week before a Federal election was called the Australian Minister for Energy, Angus Taylor, released an interim report on fuel security on 4th April 2019 for public consultation (hereinafter called “Review”)….
NSW coal fired power plants generation in late January 2019
Fig 1: NSW power generation, prices and temperatures We see the critical day was Thursday, Jan 31st with temperatures up to 39.3 degrees. Coal generation was 8,853 MW (out of a scheduled…
Victoria became power importer in January 2019 heatwave
Fig 1: 7 days power generation in Victoria (screenshot from the Open NEM website) https://opennem.org.au/#/regions/vic In order to understand the above graph we have to know how Excel is dealing with negative…