So, it seems we have overproduction into a glutted market which has caused steep falls in prices, just as the trend is away from coal towards renewables. Doesn't sound like a good time to get into coal.
The resources war could cost us dearly - The Drum (Australian Broadcasting Corporation)
Swaggie
Well, Adani aren't selling their coal on the market , so it makes little difference to them....just the price to get it out of the ground and over to India.
The australian govt has just shown a complete disregard for renewables , so it may be some time again before it gets any priority in Australia.
sad, but true I'm afraid.
OldBushie
Either that or they need a room. PatOriginally Posted by rick130
Geez Matt, you've become quite the philosopher !
This mob of rednecks certainly seems skeptical about renewables, but reality will force them to come around eventually. Meanwhile, hard-headed consumers just want to cut their power bills and know solar works, so I reckon it will keep growing anyway.
Coal still has a future, but only as part of a shrinking percentage of the mix.
ChatterBox
starting with this sort of dribble does nothing to give credibilty to the rest of your post.
In the long run
Last edited by Bob Harding; 25th June 2015 at 10:56 AM.
Swaggie
Guess that cartoon must have some relevancy , but I'm searching hard to find it.
My opinion is they're behaving like a bunch of rednecks. You're free to disagree, of course. Judging by the polls, my opinion is widely shared.starting with this sort of dribble does nothing to give credibilty to the rest of your post.
Swaggie
I understood all this kind of stuff had been settled but alas ...no.
I hope the "N" of the LNP will look after the cockies.
Weather News - Carmichael coal project rail corridor worries Queensland grazier more than the coal mine itself
ChatterBox
SubscriberAs usual we have the standard line in relation to pay and 457 visa workers.
If Adani pay every worker (3900 according to article) an average of $100,000 /$2,000 a week it's under 9% the cost of the coals selling price of 68-72/$ton.
38hrs is the weekly , anything above is negotiated/overtime.
The funny thing is people throwing insults at the mine workers doing the FIFO even time or worse rosters as being overpaid and underworked/ lazy ,but don't suggest their own relo's have a go at it to raise their income. They know the answer would be "make like a rabbit"as a lot of people are not prepared to lose 6-9 months a year from their family and at best half their weekends for a few dollars more.
The higher you make the $$$ the more people will consider leaving their burb based job. If the pay is not much higher than unemployment and transport costs you won't get many hanging around for long.
Even then as most know there is a high turnover rate as some burn out , others get enough cash to achieve their goal, whilst others move on in pursuit of more $$$$.
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