Thursday, June 11, 2026

Asia doubles down on coal as Australia chooses energy harakiri (Leithvo)


This interview with Chris Ulhmann at Sky News discusses Australia's energy suicide, while Asia doubles down on coal and emissions.



Stagflation is on the cards with crippling energy prices driving up the cost of everything.

Best comment on You Tube:

@cjaksson

I don't think people realise how dire it is. Yallourn Power Station is shutting down in just 2 years in 2028 and Loy Yang A in 2035.. The State does not have 1480 MW of capacity committed, 100% confirmed to be implemented to replace Yallourn Power Station being decommissioned. A lot of factors have to work in their favour for this ludicrous renewable targets to work. Forecasts are painting costs go up further. Because the state is going to rely on our own LNG at international parity pricing.... to replace load base power while it waits for Batteries to be implemented. The fact we don't have our own supply of LNG at cost or at the very least say 10-15% profit margin for producers for reinvestment or for their shareholders. Instead State government are letting Corpo's dictate State Policy for Energy security. I don't see things getting better in Victoria for 10 years I'd like to be wrong.


[Posted at the SpookyWeather2 blog, June 11, 2026.]

No comments:

Post a Comment