GasBuddy News Article

votes

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

Read the Full Article

Submitted Mar 21, 2010 By: teafortwo

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics Post New Topic

Author	Topic: Australia Needs $92 Billion in Energy Investment	Post a Reply Back to Topics

REPLIES (newest first)

First

Next Last

my2002m Champion Author Tulsa Posts:1,137 Points:662,040 Joined:Jul 2008	Message Posted: Mar 21, 2010 9:56:38 PM Ignore my2002m Report Abuse How does this impact our gas prices?
my3sons Champion Author New York Posts:4,166 Points:1,365,725 Joined:Aug 2005	Message Posted: Mar 21, 2010 8:23:08 PM Ignore my3sons Report Abuse good for them
clermont40miles Champion Author Cincinnati Posts:4,528 Points:768,145 Joined:Apr 2008	Message Posted: Mar 21, 2010 4:45:40 PM Ignore clermont40miles Report Abuse quoting... We are living in a world economy. ---- How's that working for us? You do mean the world economy that is broke, right? The dominoes have already fallen. They just haven't told us yet. Greeks are us. ---- quoting again... Reduce. Reuse. Recycle. Conserve fossil fuels and seek and support clean alternatives & research. ---- I agree. Do all you can. Meanwhile, realize it is much larger than we are. ---- Take your own seat over there in the political forum - plenty are available, you say.
teafortwo Champion Author Washington Posts:3,481 Points:387,975 Joined:Feb 2009	Message Posted: Mar 21, 2010 4:30:01 PM Ignore teafortwo Report Abuse Finger pointing and name calling does little to contribute to this discussion. BTW, there is a Buy one Get one FREE sale over in the POLITICAL FORUM. Plenty of seats still available. We are living in a world economy. The resources to make our favorite toys come from all over the planet. Where do you think all of that iron ore, alumina, lead, zinc and coal gets sent to? And what is it used for? Apply thinking cap NOW. The actions of a few greedy individuals has changed how the world does business. No man is an island. A simple phrase that is particularly pertinent to todays economic problems. We are living in an era of a world economy that is intricately interwoven and interdependent. If one goes down, the ripple effects are far reaching. Think of dominoes falling. We have all witnessed small local businesses going out of business since this mess started. Think of that .... only on a MUCH larger scale. World leaders are working together in an effort to avoid a total economic collapse. Alcoa Aluminum is just one company. Or is it? Can you think of anything you use that is made from aluminum? Think beyond your favorite brew. Maybe to something you drive? or cook with? Sit on? Live in & look through? Fly in? Maybe even "google" upon? Are you part of the problem or part of the solution? Reduce. Reuse. Recycle. Conserve fossil fuels and seek and support clean alternatives & research.
ops3 Champion Author Cincinnati Posts:1,229 Points:737,025 Joined:Dec 2007	Message Posted: Mar 21, 2010 4:25:04 PM Ignore ops3 Report Abuse Australia - No nukes, no guns, no electricity!
clermont40miles Champion Author Cincinnati Posts:4,528 Points:768,145 Joined:Apr 2008	Message Posted: Mar 21, 2010 4:19:11 PM Ignore clermont40miles Report Abuse Aussies must adjust. Greenies know best. Just ask them.
BobbyVA Champion Author Virginia Beach Posts:1,285 Points:277,665 Joined:Jul 2009	Message Posted: Mar 21, 2010 3:33:16 PM Ignore BobbyVA Report Abuse Ask Obama, he's giving money away like its going out of style, and maybe it will at this rate of spending. [Edited by: BobbyVA at 3/21/2010 3:34:14 PM EST]
LanguageMan1 Champion Author Tampa Posts:5,748 Points:655,920 Joined:Apr 2008	Message Posted: Mar 21, 2010 3:12:59 PM Ignore LanguageMan1 Report Abuse Well, then Australians know where money should be placed or invested to take care of things, just as we the people know what needs to be done here. Only thing is that those at the top won't do what we the people need to be done; not here in the U.S., not in Australia, not in China, not anywhere for the most part. Yeah, there's some good people in office and politics, but I can't think of many; and Obama nor Bush nor Clinton would be among them, nor Pelosi, Frank or others. [Edited by: LanguageMan1 at 3/21/2010 3:17:28 PM EST]
BKool Champion Author Michigan Posts:2,818 Points:1,400,225 Joined:Aug 2005	Message Posted: Mar 21, 2010 2:34:38 PM Ignore BKool Report Abuse Australia is broke, the United States is broke. The entire planet followed our lead in using fiat money or the free money concept. In the history of the world, fiat money has never worked. Nations use this policy and then suffer economic collapse. Why? People who do not know world history or buy into rewritten history that started with the end of the 19th century make history repeat itself. Most of the nations of the world are broke and now, the time is ripe for the despots to take over beginning with the biggest dog on the porch, the United States of America.
sillywagon Champion Author New York Posts:5,145 Points:514,395 Joined:Oct 2008	Message Posted: Mar 21, 2010 2:28:29 PM Ignore sillywagon Report Abuse Is the USA going down a simular road? Does the USA have to significantly improve its electric infrastructure? We haven't had any problems the last few years, but if electric cars start selling that may cause a problem with the increased demand.
HailstormCA Champion Author San Diego Posts:3,310 Points:574,530 Joined:Nov 2008	Message Posted: Mar 21, 2010 2:23:22 PM Ignore HailstormCA Report Abuse Don't they print their own money. That's what Obama's been doing here.
DEG Champion Author Las Vegas Posts:12,634 Points:2,509,575 Joined:Jul 2003	Message Posted: Mar 21, 2010 2:20:26 PM Ignore DEG Report Abuse We need more oil refining capacity in the US and more drilling off our shores.
POLELANE Champion Author Ohio Posts:6,032 Points:681,570 Joined:Mar 2008	Message Posted: Mar 21, 2010 2:18:46 PM Ignore POLELANE Report Abuse with less than one percent interest paid; but thirtynine percent interest charged; can anybody see why there isn't much money to loan?
Metroman Champion Author Philadelphia Posts:8,166 Points:1,616,725 Joined:Aug 2003	Message Posted: Mar 21, 2010 2:17:30 PM Ignore Metroman Report Abuse Talk to China they seem to have all the money lately
pliskin Champion Author Syracuse Posts:3,076 Points:941,955 Joined:Apr 2005	Message Posted: Mar 21, 2010 2:17:18 PM Ignore pliskin Report Abuse Pres. Obama just gave his Brazilian friends at Petrobras over $2 billion to aid their offshore oil drilling. Petrobras is the world's 8th largest oil, company, owned almost solely by George Soros, major contributor to Pres Obama and the Dem. Party. But our wonderful Pres. will kick anyone else to the curb because they don't suit is fancy, including Australia, Israel or even the wishes of the American people. How's that "hope and change" looking now?
WCCurtis Champion Author San Bernardino Posts:2,818 Points:881,125 Joined:Oct 2005	Message Posted: Mar 21, 2010 2:14:17 PM Ignore WCCurtis Report Abuse China probably will be happy to help with the Trillion U.S. Dollars that they have.
BM4225 Champion Author Atlanta Posts:5,273 Points:1,138,320 Joined:Aug 2006	Message Posted: Mar 21, 2010 2:12:34 PM Ignore BM4225 Report Abuse Well Obama, and company have already spent over 450 million on wind farms, the only problem it created jobs in Europe, not here. Now China wants around the same amount for their wind turbines for a wind farm that they are going to build in Texas. So they want to collect more taxes from us to send it to other countries, while our people our unemployed.
TBRR Champion Author Jacksonville Posts:1,267 Points:225,525 Joined:Dec 2007	Message Posted: Mar 21, 2010 2:05:33 PM Ignore TBRR Report Abuse obummer only wants to help his Muslim friends that take the money and kick our butts
TAT36 Champion Author Florida Posts:1,603 Points:305,885 Joined:Sep 2009	Message Posted: Mar 21, 2010 2:03:19 PM Ignore TAT36 Report Abuse Is his another to big to fail we will have to bail out?
LoneGuy Champion Author Lansing Posts:3,451 Points:1,323,475 Joined:Aug 2005	Message Posted: Mar 21, 2010 2:03:06 PM Ignore LoneGuy Report Abuse Maybe Australia is beginning to build more urban populous. They have always been so much wilderness.
TBONE3 Champion Author Pennsylvania Posts:3,693 Points:966,045 Joined:Mar 2005	Message Posted: Mar 21, 2010 2:02:43 PM Ignore TBONE3 Report Abuse Looks like Australia forgot to do some advanced planning and was more interested in gross income to the country. I see they export COAL, why not use it to make electricity right at home?
Asbury09 Champion Author Iowa Posts:2,192 Points:520,455 Joined:Jan 2009	Message Posted: Mar 21, 2010 2:01:52 PM Ignore Asbury09 Report Abuse Shh... don't let Obama know, he will start the presses again
NavyEOD Champion Author Los Angeles Posts:4,954 Points:1,021,965 Joined:Jul 2007	Message Posted: Mar 21, 2010 2:01:49 PM Ignore NavyEOD Report Abuse I'm sure they will make it.
LocalSpyGuy Champion Author Tampa Posts:2,769 Points:579,925 Joined:Nov 2008	Message Posted: Mar 21, 2010 1:58:14 PM Ignore LocalSpyGuy Report Abuse must have infrastructure to suppport growing population
RockCity Champion Author Denver Posts:2,545 Points:454,345 Joined:Mar 2009	Message Posted: Mar 21, 2010 1:57:37 PM Ignore RockCity Report Abuse Sounds about right, we don't want to spend money on our own people, so lets spend it on our foreign pals.
rippinusoff Champion Author Lexington Posts:2,284 Points:475,840 Joined:May 2007	Message Posted: Mar 21, 2010 1:57:30 PM Ignore rippinusoff Report Abuse They need oilfields
amearly Champion Author Michigan Posts:7,013 Points:1,459,895 Joined:Jan 2006	Message Posted: Mar 21, 2010 1:56:31 PM Ignore amearly Report Abuse With all the money where going to save with this healthcare bill we can afford to bailk than out too.
2907 Champion Author Kentucky Posts:1,389 Points:780,970 Joined:Aug 2005	Message Posted: Mar 21, 2010 1:55:08 PM Ignore 2907 Report Abuse Obama will loan them the money.
TFowler513 Champion Author Memphis Posts:2,216 Points:555,215 Joined:Mar 2008	Message Posted: Mar 21, 2010 1:54:01 PM Ignore TFowler513 Report Abuse This is not unique to Australia. This is a global issue!!!
Iversonfan All-Star Author Richmond Posts:845 Points:58,710 Joined:Jan 2006	Message Posted: Mar 21, 2010 1:50:41 PM Ignore Iversonfan Report Abuse im sure they will work it out without our help .. we have enough problems of our own these days
imadriver Sophomore Author Twin Cities Posts:187 Points:64,460 Joined:Dec 2009	Message Posted: Mar 21, 2010 1:49:47 PM Ignore imadriver Report Abuse Australia's rich cultural heritage is that of a "can do" attitude in spite of what opinion other nations may hold. I have no doubt that the nation will continue to thrive. If, indeed, assistance is required from a foreign source, let's hope that the Obama administration does not miss an opportunity to help a proven friend.
Skipper52 Champion Author Massachusetts Posts:2,351 Points:593,250 Joined:Oct 2008	Message Posted: Mar 21, 2010 1:48:39 PM Ignore Skipper52 Report Abuse And guess who they want to get the money from? The old US tax payer.
oldosc8 All-Star Author Baltimore Posts:500 Points:121,125 Joined:Nov 2009	Message Posted: Mar 21, 2010 1:47:00 PM Ignore oldosc8 Report Abuse At least Australia wants to do something about it unlike the US.
PADI Champion Author Ontario Posts:1,227 Points:488,175 Joined:Nov 2008	Message Posted: Mar 21, 2010 1:46:02 PM Ignore PADI Report Abuse 92 Billion over the next decade, means only 9.2 billion per year. It doesn't sound quite as expensive that way.
ED6 Champion Author Riverside Posts:4,958 Points:964,035 Joined:Jul 2007	Message Posted: Mar 21, 2010 1:44:50 PM Ignore ED6 Report Abuse It needs aid from US.
snewwee Champion Author Detroit Posts:4,809 Points:978,405 Joined:Sep 2007	Message Posted: Mar 21, 2010 1:40:23 PM Ignore snewwee Report Abuse The Aussies do it better!
balljars Champion Author Michigan Posts:3,478 Points:690,550 Joined:Aug 2008	Message Posted: Mar 21, 2010 1:36:11 PM Ignore balljars Report Abuse Just remember no food for fuel.
kingpin6 Champion Author Arkansas Posts:1,490 Points:699,300 Joined:Jul 2007	Message Posted: Mar 21, 2010 1:34:43 PM Ignore kingpin6 Report Abuse Good luck to the Aussies!
Jeff1944 All-Star Author South Dakota Posts:679 Points:175,475 Joined:Jan 2010	Message Posted: Mar 21, 2010 1:29:53 PM Ignore Jeff1944 Report Abuse So Australia will work on their own to solve their problem or will someone from China invest in Australia's infrastructure?
FlyNFool Champion Author South Carolina Posts:3,381 Points:684,670 Joined:Aug 2008	Message Posted: Mar 21, 2010 1:29:53 PM Ignore FlyNFool Report Abuse Maybe Obama will give it to them.
Valricoslash Champion Author Tampa Posts:1,609 Points:360,070 Joined:Nov 2008	Message Posted: Mar 21, 2010 1:23:25 PM Ignore Valricoslash Report Abuse Go nuclear.
sit All-Star Author Cleveland Posts:638 Points:955,700 Joined:Feb 2006	Message Posted: Mar 21, 2010 1:21:15 PM Ignore sit Report Abuse Obama will give it to 'em.
Sneakers55 Champion Author Houston Posts:31,142 Points:1,257,695 Joined:Nov 2005	Message Posted: Mar 21, 2010 1:18:57 PM Ignore Sneakers55 Report Abuse Ken2OD wrote: >What makes anybody think that the USA electrical grid is >any better? We have several states right now that are >experiencing rolling blackouts as the norm. Which states are experiencing rolling blackouts? Google News doesn't seem to know of any rolling blackouts. California had some a while back, but that was the result of dysfunctional state regulation. (Good old Enron at it again... but when they tried the same stunt in their home state of Texas they got fined.) They had one day in Texas where it happened, but the regulators told the power generators it was going to be a good day for maintenance and they had an unexpected temperature spike. [Edited by: Sneakers55 at 3/21/2010 1:21:13 PM EST]
Patch44 Champion Author Buffalo Posts:3,613 Points:871,060 Joined:Oct 2007	Message Posted: Mar 21, 2010 1:16:12 PM Ignore Patch44 Report Abuse I guess this will increas prices at our local pumps?
jb107 Champion Author New Jersey Posts:4,503 Points:1,607,495 Joined:Sep 2005	Message Posted: Mar 21, 2010 1:13:50 PM Ignore jb107 Report Abuse Don't worry Obama will give you the money.
Cruiser340 Champion Author Grand Rapids Posts:7,286 Points:1,777,435 Joined:May 2004	Message Posted: Mar 21, 2010 1:11:02 PM Ignore Cruiser340 Report Abuse Well if it needs to be done, do it, patches only last so long and then it's time to fix right and replace at a higher cost.
Sam195 Champion Author San Bernardino Posts:3,020 Points:579,750 Joined:Oct 2008	Message Posted: Mar 21, 2010 1:07:47 PM Ignore Sam195 Report Abuse Welcome to the club.
jony Champion Author Florida Posts:2,757 Points:789,590 Joined:May 2006	Message Posted: Mar 21, 2010 1:03:27 PM Ignore jony Report Abuse so why isn't the US over there bidding on getting some of the work?
SSchmidty Champion Author Illinois Posts:4,134 Points:784,395 Joined:Mar 2008	Message Posted: Mar 21, 2010 1:02:04 PM Ignore SSchmidty Report Abuse The truth is pig-oil is not part of our collective future ... only our past!
JoeKR Champion Author New Jersey Posts:4,806 Points:1,082,745 Joined:Feb 2006	Message Posted: Mar 21, 2010 1:01:01 PM Ignore JoeKR Report Abuse Don't we all?