The Bullroarer - Friday 5th February 2010

ABN Newswire - VIDEO: Peter Bond CEO Of Linc Energy Speaks with Brian Carlton on Underground Coal Gasification

Brian: With the government looking at a fixed reduction of CO2 reduction of 5% by 2020 at the moment, the use of this sort of technology has the potential for Australia as a nation to push that number way higher. It's pretty significant, isn't it?

Peter: There is a number of ways, if you started to use our gasification process to feed gas fired turbines and using some of the other technology that we have access to, by using gas turbines, you are going to drop the CO2 footprint by 25-35% straight away. If you are using fuel cells in some of those applications you are going to drop by 85-90% because there is still some footprint and then you have the synthetic fuels production where the great benefit for that is because Australia has gone past "peak oil", every year that goes past we are importing more oil, and we have to pay for that , we have to physically write the cheque to the overseas countries to buy that oil. So the coal we export, the wheat we export, the iron ore that we export, etc. that is going towards paying for the oil we consume, and some of the other commodities, but every year that goes past we are basically just exporting our wealth to pay for the right to drive our cars. Now if you can produce the oil in this country and retain the wealth in this country, by doing something like we are doing with gas to liquids, then you don't have to write that cheque, the wealth stays in the country

Nelson Mail - Sustainability WOF for local businesses

The Transition Nelson business group is made up of volunteers who want to help Nelson businesses become more sustainable. Our group grew out of the Transition Nelson launch, when locals met at the Victory Community Centre to discuss how we, as a community, could make Nelson more resilient to withstand the effects of peak oil and climate change.

Knox Leader - Knox Council devotes half an hour to potential global oil crisis

COUNCILLORS spent nearly half an hour last week debating how Knox would cope when the world’s oil supplies run low.

Debate raged among councillors who attempted to chop and change the council motion, which included the possibility of adding a business case to the tune of $5000 in the next budget to discuss ways of coping with this international crisis.

The council document outlined Knox’s social, environmental and economic vulnerability on the issue, also known as peak oil (when the oil supplies run low).

International Business Times - Biofuels - The way of the future

The Biofuels Association of Australia today said it was delighted with the level of support given to the industry by Australia’s Federal Opposition.

“Australia has the opportunity to be at the forefront of biofuel production and use with the perfect climate for the generation of feedstocks that do not conflict with land used for food” said Heather Brodie, CEO of the BAA. “The study proposed by the Opposition will be absolutely crucial in advancing the needs of the industry and we welcome this strong commitment to biofuels.”

“Ninety eight percent of the energy currently used in the transportation industry still derives from fossil fuels, and transportation is responsible for more than a quarter of the world’s greenhouse gas emissions. Biofuels are capable of significantly reducing the carbon emissions of Australian transport, as well as providing additional flexibility and supply to the Australian fuel market as worldwide peak oil supply is upon us” Ms Brodie said.

Otago Daily Times - Councillors defend projected $1b costs

That was the message at yesterday's Dunedin City Council infrastructure services committee meeting, as councillors considered the 3 Waters strategic direction statement.

The document outlined challenges facing the city's water infrastructure, from climate change to peak oil, and laid the groundwork for future decision-making on water infrastructure spending.

The Nelson Mail - Smith pushes for highway while hailing Victory award

Nelson MP Nick Smith is forging ahead with plans to build a highway through Victory despite it being named New Zealand's 2010 Community of the Year.

ABC - Coal miner rejects Indian takeover bid

A coal company exploring the Bowen Basin in central Queensland has rejected a takeover bid from an Indian-based steel company.

The Australian - Eden Energy soars on deal with Indian Oil

SHARES in Perth-based tiddler Eden Energy rocketed more than 250 per cent under heavy trade this morning after announcing a non-binding deal with Indian giant Indian Oil Corporation.
Under a term sheet signed in India this week, the Delhi-based company will farm-in to the development of a new pyrolysis technology jointly conceived by Eden and the University of Queensland.

Eden said the research will focus on the “commercial potential of a form of carbon believed to be the strongest structural material known to man”.

Hi Aledric,

Very nice juxtaposition on the two stories regarding Indian investment into Oz energy resources. This is only the beginning - I suspect that the Indian-Australian bilateral relationship will have more positions than the Karma Sutra!

One of the peculiar features of the current Zeitgeist is the seemingly incomprehensible decision of the financial talking heads not to acknowledge the role of oil prices in the current economic decline.

During the cartel-orchestrated oil supply crises of the 1970s and 1980s the talking heads on the TV and the financial journalists were more than happy to draw links between the economic recessions of those times and the contemporaneous oil price hikes, and to accusingly point their dis-embodied fingers at OPEC.

Now however, there seems to be a common tacit agreement that the incredible increase in the price of oil seen in the last few years has nothing what-so-ever to do with the current economic malaise, and that it is purely about CDOs and toxic debt etc ( which of course is partly true).

I find this quite amazing, especially considering that some if the same financial/economic pundits are around now as were around then.

To me this suggests that we have lost something valuable from the common social discourse which we once had and that the triumph of our collective detachment from reality has now become more complete.