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Australia Needs $92 Billion in Energy Investment

bloomberg.com -- Australia needs to invest at least A$100 billion ($92 billion) in electricity infrastructure in the next decade to meet growing demand by consumers, the Minister for Resources and Energy, Martin Ferguson, said.

“We need more investment in electricity supply infrastructure,” Ferguson told business leaders in Brisbane, according to a statement released today. “For too many years, uncertainty about carbon pricing, state government privatization plans, retail price regulation, network regulation, and more recently, the global financial crisis, have hampered investment.”

The nation, the world’s largest shipper of iron ore, alumina, lead, zinc and coal, needs increased power generation to encourage new resource projects and avoid household blackouts during periods of high demand. Short

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Submitted Mar 21, 2010 By: teafortwo

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mickealo Champion Author Spokane Posts:1,471 Points:1,213,370 Joined:Oct 2006	Message Posted: Mar 21, 2010 11:27:32 AM Ignore mickealo Report Abuse sounds a little needed to me
jakTDI Champion Author Dallas Posts:3,555 Points:362,055 Joined:Aug 2008	Message Posted: Mar 21, 2010 11:25:23 AM Ignore jakTDI Report Abuse have a bake sale!
Retowered Champion Author Colorado Posts:4,143 Points:1,725,695 Joined:May 2004	Message Posted: Mar 21, 2010 11:25:00 AM Ignore Retowered Report Abuse OK, sounds good.
DrivingFool2 Champion Author Wisconsin Posts:3,492 Points:650,490 Joined:Apr 2005	Message Posted: Mar 21, 2010 11:24:33 AM Ignore DrivingFool2 Report Abuse Lot of unfound resources down there
bbreff Champion Author Atlanta Posts:5,184 Points:1,641,070 Joined:Jun 2005	Message Posted: Mar 21, 2010 11:22:40 AM Ignore bbreff Report Abuse I guess that Australia will have to have tax increases.
04tang Champion Author Ohio Posts:1,807 Points:391,360 Joined:Jul 2006	Message Posted: Mar 21, 2010 11:20:55 AM Ignore 04tang Report Abuse If you've got it, spend it.
baitmn Champion Author New Orleans Posts:4,023 Points:1,131,950 Joined:Sep 2006	Message Posted: Mar 21, 2010 11:19:48 AM Ignore baitmn Report Abuse lool toward our good GUBMINT they are giving everything away.
rocket_ron Champion Author Grand Rapids Posts:1,423 Points:1,042,915 Joined:Jul 2006	Message Posted: Mar 21, 2010 11:18:04 AM Ignore rocket_ron Report Abuse go for it!
fedex09 All-Star Author Missouri Posts:605 Points:656,035 Joined:Jan 2006	Message Posted: Mar 21, 2010 11:11:45 AM Ignore fedex09 Report Abuse Sounds like a plan.
connbrown Champion Author Corpus Christi Posts:1,517 Points:361,175 Joined:Apr 2009	Message Posted: Mar 21, 2010 11:09:32 AM Ignore connbrown Report Abuse do it!
pgerassi Champion Author Milwaukee Posts:5,969 Points:1,171,220 Joined:Apr 2007	Message Posted: Mar 21, 2010 11:09:31 AM Ignore pgerassi Report Abuse We in Wisconsin have done this already and now have a 20-30% surplus of generating and transmission capacity. Of course we are paying for this build out too.
gabbygusIN Champion Author Indiana Posts:2,380 Points:598,075 Joined:Oct 2008	Message Posted: Mar 21, 2010 11:07:59 AM Ignore gabbygusIN Report Abuse Go 4 it!
uglytom Champion Author Florida Posts:3,126 Points:684,090 Joined:Jul 2007	Message Posted: Mar 21, 2010 11:07:09 AM Ignore uglytom Report Abuse It is a must. It should be directed to sources other than oil driven!
adr47 Champion Author Saskatchewan Posts:2,411 Points:540,470 Joined:Nov 2008	Message Posted: Mar 21, 2010 11:06:29 AM Ignore adr47 Report Abuse They have not been making the big resource companies pay the real cost for energy for to long. They too have the best politicians and regulators money can buy.
twiper1 Champion Author San Diego Posts:2,951 Points:633,070 Joined:Oct 2008	Message Posted: Mar 21, 2010 11:05:17 AM Ignore twiper1 Report Abuse Hope they get it
mrbee All-Star Author Little Rock Posts:569 Points:1,528,580 Joined:Oct 2005	Message Posted: Mar 21, 2010 11:04:14 AM Ignore mrbee Report Abuse Go for it!
playtimeCLE Champion Author Cleveland Posts:3,205 Points:595,660 Joined:Nov 2008	Message Posted: Mar 21, 2010 11:00:58 AM Ignore playtimeCLE Report Abuse If I invest in them will it pay off?
mark1962 Champion Author Albany Posts:1,531 Points:332,645 Joined:Sep 2009	Message Posted: Mar 21, 2010 11:00:31 AM Ignore mark1962 Report Abuse They are growing so fast!
Diesel_Ram Champion Author Dallas Posts:1,723 Points:557,900 Joined:Jan 2009	Message Posted: Mar 21, 2010 11:00:05 AM Ignore Diesel_Ram Report Abuse OK, sounds good.....
napermike79 Champion Author Twin Cities Posts:2,018 Points:935,440 Joined:May 2001	Message Posted: Mar 21, 2010 10:59:54 AM Ignore napermike79 Report Abuse get in line with everyone else
DeepInOhio Champion Author Ohio Posts:1,939 Points:632,060 Joined:May 2008	Message Posted: Mar 21, 2010 10:55:09 AM Ignore DeepInOhio Report Abuse I don't even want to hear about the cost that it would take it improve the US. Although, it would be a better endevour than Health Care.
Ticoman54 Champion Author Miami Posts:2,621 Points:588,145 Joined:Oct 2008	Message Posted: Mar 21, 2010 10:54:49 AM Ignore Ticoman54 Report Abuse What does this have to do with the price of gas?
Gerardtd Veteran Author Toronto Posts:358 Points:173,965 Joined:May 2009	Message Posted: Mar 21, 2010 10:53:03 AM Ignore Gerardtd Report Abuse They can start the right way. Instead of fossil fuels.
fleurdelz Rookie Author Rochester Posts:69 Points:14,230 Joined:Mar 2010	Message Posted: Mar 21, 2010 10:52:28 AM Ignore fleurdelz Report Abuse I agree with afganed on the wind and sollar energy which is abundant in Australia. As to nuclear plant, if there was one Chernobyl there is always a chance for another, which we don't want to happen.
tankneverfull Champion Author Charlotte Posts:4,247 Points:831,445 Joined:Apr 2008	Message Posted: Mar 21, 2010 10:52:10 AM Ignore tankneverfull Report Abuse If that is for Australia I wonder what the investment would be for the US?
eddyp94 Champion Author Ontario Posts:4,181 Points:873,335 Joined:Mar 2008	Message Posted: Mar 21, 2010 10:51:11 AM Ignore eddyp94 Report Abuse tax them to death like they do here....
SpaceAce5 Veteran Author South Dakota Posts:300 Points:66,245 Joined:Feb 2010	Message Posted: Mar 21, 2010 10:48:27 AM Ignore SpaceAce5 Report Abuse don't we all need money?
TestRocket All-Star Author Alabama Posts:535 Points:563,580 Joined:May 2008	Message Posted: Mar 21, 2010 10:47:44 AM Ignore TestRocket Report Abuse I bet we do too.
tbgasmizer Champion Author Ontario Posts:1,300 Points:294,055 Joined:Oct 2009	Message Posted: Mar 21, 2010 10:44:36 AM Ignore tbgasmizer Report Abuse Why Know?
THEDodgeman Champion Author Denver Posts:3,078 Points:974,165 Joined:Apr 2005	Message Posted: Mar 21, 2010 10:42:24 AM Ignore THEDodgeman Report Abuse Don't ask me I'm broke.
ndhoanggia All-Star Author New York Posts:696 Points:215,505 Joined:Apr 2009	Message Posted: Mar 21, 2010 10:41:34 AM Ignore ndhoanggia Report Abuse If there's a will, there's a way.
Joeski1 Champion Author New Jersey Posts:3,841 Points:766,405 Joined:Dec 2004	Message Posted: Mar 21, 2010 10:41:14 AM Ignore Joeski1 Report Abuse hey... they can borrow it from China like we do....
NashGas All-Star Author Nashville Posts:664 Points:142,780 Joined:Dec 2009	Message Posted: Mar 21, 2010 10:38:41 AM Ignore NashGas Report Abuse I need $92B in energy investment too.
03mdx Champion Author Syracuse Posts:1,971 Points:628,605 Joined:Sep 2008	Message Posted: Mar 21, 2010 10:34:23 AM Ignore 03mdx Report Abuse Hopefully they will consider all possibilites before moving forward with this.
Beboper Champion Author Virginia Posts:3,777 Points:1,187,385 Joined:Oct 2005	Message Posted: Mar 21, 2010 10:34:02 AM Ignore Beboper Report Abuse Just get it done
cheapertvs Champion Author Richmond Posts:5,200 Points:1,768,220 Joined:Jan 2004	Message Posted: Mar 21, 2010 10:31:39 AM Ignore cheapertvs Report Abuse When it comes to continued uncertainty, Australia sounds a lot like the USA. However, we are about to see the paradigm shift to natural gas as our primary fuel and away from crude oil. Australia does not have the found natural gas reserves.
FordF2502001 Champion Author Mississippi Posts:3,083 Points:669,100 Joined:Sep 2008	Message Posted: Mar 21, 2010 10:30:56 AM Ignore FordF2502001 Report Abuse Economies are on the brink of collapse because all elected officials know how to do is spend. Republicans and democrats are just as guilty in America.
afghaned Champion Author Hamilton Posts:4,390 Points:313,750 Joined:May 2004	Message Posted: Mar 21, 2010 10:26:06 AM Ignore afghaned Report Abuse With the majority of the population centered along the coasts in a few cites it should be easy to utilize the inhospitable interior for wind & solar energy projects. Nuclear plants can be built away from major population centers as well.
UMassLowell Veteran Author Dayton Posts:425 Points:216,570 Joined:May 2008	Message Posted: Mar 21, 2010 10:26:01 AM Ignore UMassLowell Report Abuse Spend it and satisfy your consumer
us412 Champion Author Arkansas Posts:13,538 Points:1,460,920 Joined:Apr 2006	Message Posted: Mar 21, 2010 10:24:56 AM Ignore us412 Report Abuse Build it and they will come....
goalie1950 Champion Author Phoenix Posts:1,630 Points:327,375 Joined:Oct 2009	Message Posted: Mar 21, 2010 10:24:30 AM Ignore goalie1950 Report Abuse Sounds like Australia has their work cut out for themselves when it comes to developing energy systems to meet their future needs.
zimowski Champion Author San Jose Posts:1,815 Points:626,805 Joined:Nov 2007	Message Posted: Mar 21, 2010 10:23:45 AM Ignore zimowski Report Abuse We need to export some of our natural gas to Australia.
Italianman All-Star Author Twin Cities Posts:961 Points:322,900 Joined:Feb 2008	Message Posted: Mar 21, 2010 10:22:52 AM Ignore Italianman Report Abuse We are on the brink of collapse and voting conservative is what got the world into this mess!
ziyulu Champion Author Oklahoma City Posts:3,480 Points:652,175 Joined:Aug 2007	Message Posted: Mar 21, 2010 10:22:10 AM Ignore ziyulu Report Abuse Gas_Buzzer from South Carolina... Here we are talking about how Australia needs $92 billion in energy investment and you have to bring up Obama's name, as if he was president of Australia. Not only that, he has no control over what happens in Australia. Furthermore, you decided to make fun of his name. May I remind you that the President's name is OBAMA without the bizarre embellishment. You needn't agree with him, in fact that you don't, could make this thread more interesting. However, as a citizen, you owe the office respect. Just the basic stuff you learned at home and teach your children now. Schoolyard puns belong in the schoolyard.
pricechecker08 Champion Author Ohio Posts:4,087 Points:834,215 Joined:Jan 2008	Message Posted: Mar 21, 2010 10:22:00 AM Ignore pricechecker08 Report Abuse Time to get started.
CSharpGuy Champion Author Colorado Springs Posts:4,574 Points:928,585 Joined:Jan 2008	Message Posted: Mar 21, 2010 10:19:56 AM Ignore CSharpGuy Report Abuse We are all on the brink of world wide collapse. Vote conservative.
SpruceGuse2 Champion Author Michigan Posts:4,898 Points:1,493,665 Joined:Mar 2006	Message Posted: Mar 21, 2010 10:18:51 AM Ignore SpruceGuse2 Report Abuse Just do it.
raleightom All-Star Author Raleigh Posts:765 Points:215,710 Joined:Nov 2007	Message Posted: Mar 21, 2010 10:16:44 AM Ignore raleightom Report Abuse Aren't they paying attention. What is wrong with these folks ? Tax and spend! That is the answer. Australia has tons of resources and land for solar and wind utilization. Maybe our Obama needs to visit Australia when he visits Indonesia this June.
Cuzilla Champion Author Indianapolis Posts:8,824 Points:1,553,140 Joined:Sep 2005	Message Posted: Mar 21, 2010 10:14:01 AM Ignore Cuzilla Report Abuse The solution is to put a big tax on electric usage to get the needed money. When you find out that the high taxes have eliminated the extra demand, scrap the infrastructure expansion and use the money to buy votes by giving the money to "needy" people that can vote - for you. You can apply these schemes to other areas of the economy. Of course, over time you will destroy the country but, as John Maynard Keynes said: "In the long run, we are all dead!"
jimshell Champion Author Pennsylvania Posts:1,838 Points:466,205 Joined:Sep 2004	Message Posted: Mar 21, 2010 10:13:56 AM Ignore jimshell Report Abuse Australia, welcome to the club.
benjy Champion Author Chicago Posts:4,837 Points:895,825 Joined:Nov 2003	Message Posted: Mar 21, 2010 10:13:31 AM Ignore benjy Report Abuse you need money to make money...
rvn4me Champion Author Texas Posts:1,872 Points:556,285 Joined:Jan 2009	Message Posted: Mar 21, 2010 10:13:19 AM Ignore rvn4me Report Abuse The US needs to do the same with all of the wind projects coming on line.