Australia has recorded its 13th consecutive accounts surplus in the June quarter on the back of a continued commodity boom, with the trade surplus hitting a record high $43.1 billion (US$29 billion). “The increase in the current account surplus was driven by higher commodity prices. Coal prices were elevated over the 2021-22 financial year, with…
Australia’s Annual Coal Export Exceeded $100 Billion for First Time, Pushing Trade Surplus to $43 Billion
September 7, 2022
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AustraliaAustralian coalBusiness & Marketseconomyenergyenergy transitionGold and CommoditiesMarketstrade surplusWorld
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Is Australia Hurtling Towards a Shiny, Centralized Clean Energy Utopia
August 24, 2022
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AEMOAustraliaBusiness & MarketsChris BowenCoal-firedeconomyenergyenergy transitionMatt KeanOpinionViewpointsWorld
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Commentary The governments of Australia are, for the first time in many years, in agreement about the future of the energy industry. This was the key message from the recent energy meeting between the federal energy minister, Chris Bowen, and the various state ministers. Even a Liberal Party minister, Matt Kean of New South Wales…
Australia Hurtling Towards a Shiny, Centralized Clean Energy Utopia
August 24, 2022
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AEMOAustraliaBusiness & MarketsChris BowenCoal-firedeconomyenergyenergy transitionMatt KeanOpinionViewpointsWorld
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Commentary The governments of Australia are, for the first time in many years, in agreement about the future of the energy industry. This was the key message from the recent energy meeting between the federal energy minister, Chris Bowen, and the various state ministers. Even a Liberal Party minister, Matt Kean of New South Wales…
Is Australia’s Energy Transition ‘Inevitable’?
Commentary On June 30, the Australian Energy Market Operator (AEMO) released its latest integrated system plan (ISP) for the East Coast Energy Market. It could not have come at a more significant cross-road for Australia’s energy industry—at the end of a month in which electricity and gas spot markets were subject to price caps, then…
Energy Transition to Wind and Solar Is More Expensive and Environmentally Nonviable: Study
June 7, 2022
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DemocratsDr. Lars Schernikaueconomyenergy transitionEnvironmentfull cost of electricity (FCOE)Policies & ImpactsPoliticsScienceUSWind and solar
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Environmentalists, the Biden administration, and some states have been pushing for a drastic energy transition to renewable energies such as wind and solar, saying it’s cheaper and could help address climate change. However, a recent study found that, if all costs are considered, wind and solar are actually more expensive to produce electricity and such…
Woke Investors Threaten the West’s Security
Commentary Since Russia attacked Ukraine two months ago, Western governments have been learning the hard way about the critical importance of energy to their national security. Germany’s 20-year, trillion-dollar ”Energiewende” (Energy Transformation) has made its economy totally dependent on supplies of Russian natural gas and paralyzed its response to Russian aggression. French president Emmanuel Macron faces a…
The End of the Climate Change Legend
March 22, 2022
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climate changeenergy transitionenvironmentalismglobal warminggreen energygreen new dealOpinionRenewable EnergyViewpoints
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Commentary For many years now, there has been a spirited debate about whether climate change is science, religion, or even perhaps a secret route to socialism. That question remains unanswered, but we’ve now discovered with certainty that climate change is a political albatross around the neck of the Democratic Party. The Left’s spiritual devotion to…
Net-Zero and ESG Are Worsening the Energy Crisis—and Weakening the West
March 18, 2022
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climate actionclimate changeenergy crisisenergy transitionESGfossil fuelsnet zeronet zero transitionnet-zero emissionsOpinionRenewable EnergyViewpoints
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Commentary The day after President Biden announced that the United States would ban imports of Russian oil and gas, a group of eleven powerful European investment funds that includes Amundi, Europe’s largest asset manager, outlined plans to force Credit Suisse, Switzerland’s second largest bank, to cut its lending to oil and gas companies. The juxtaposition of these two events…
Biden: Helping Dictators and Harming Americans
Commentary When the Biden administration appeals to Iran, Venezuela, and Saudi Arabia for oil but rejects American and Canadian oil and gas production, there is something profoundly wrong. Why does Joe Biden think dictators are better than Americans? Why send money to Iran instead of Oklahoma—or to Venezuela instead of Texas? If he wants to…
America’s Emerging Energy Crisis
March 4, 2022
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electricity gridenergy crisisenergy transitionfossil fuelsgas priceNatural gasOpinionrenewable energiesViewpoints
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Commentary The warning signs are everywhere. We are stumbling toward an energy crisis that is likely to be far more severe and long-lasting than the upheavals of the 1970s. And no, this isn’t about Russia or Ukraine. This is about the perilous state of the U.S. electricity grid. If action isn’t taken soon to address the unraveling…
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