Just wait till we start exporting our URANIUM,we have LOTS of it
Andrew
DISCOVERY IS TO BE DISOWNED
Midlife Crisis.Im going to get stuck into mine early and ENJOY it.
Snow White MY14 TDV6 D4
Alotta Fagina MY14 CAT 12M Motor Grader
2003 Stacer 525 Sea Master Sport
I made the 1 millionth AULRO post
Yes we need the visionaries. Whatever the cost now, even if it seems unaffordable, in 10 years it will be 50 times that. Again the politics seems to interfere with the science.
We are willing to build desalination plants that cost millions in this state, and degrade the local environment they operate in, pumping concentrated salt back into a coastal zone.
...but we have no collection network to harness the rainwater spilling off domestic housing, and eventually washing back into the ocean. New housing estates are no better in this regard than 50 years ago
Then we watch as billions of litres of fresh water washes out to sea in the north west every year during the 'wet ' season. Ironic don't you think. We are willing to add to the the salt content of the ocean, but not collect the fresh water given to us free..... aah, but it offsets the extra salt...
Seige mentality. Visit the northwest and talk about harnessing the water resources. You will be lucky to get out of town without being lynched. A minority interest group holding the rest of the state and Australia to ransom." you city folk keep your grubby hands off our water "
Having been involved in oil and gas exploration over the last fifty years in Queensland, before you start worrying about "capped oil and gas finds" I suggest you do a few calculations matching probable reserves, costs of development, cost of capital, and risked discounted cash flow.
The simple fact is that given Australia's traditional high interest rate economy, distances, and lack of infrastructure, it is hardly surprising that there are a few "capped oil and gas finds" - without even taking into account the fact that a significant number of them are only "finds" in the loosest sense. A good example is RBO#4 that discovered oil in the late thirties - it was re-entered in about 1940 to try and assist the wartime oil shortage. Despite the best efforts of all involved, it produced a total of (from memory) 70 gallons of oil over about six months. A similar story at Rough Range in the fifties. All this information, at least up to the Whitlam era, is publicly available on open file, and from a bit later quite detailed technical reports were filed with the ASX whenever a public company was involved - which is almost every well.
It should be pointed out for those looking at a sudden lack of oil, that some of these discoveries are likely to become economic as shortage drives the price of oil up, thus reducing the shortage.
John
John
JDNSW
1986 110 County 3.9 diesel
1970 2a 109 2.25 petrol
So what you are implying is that over the many years of exploration and test drilling that nothing viable was really discovered.if so could one then deduct that the efforts on a whole was money down the drain and the people used on those projects could have been more gainfully employed elsewhere.I distinctly remember running into many camps ,some quite sizable with a heap of yanks in tow,in Central Western Queensland in the early sixties.
John
We should not sell uranium ... we should build a plant to turn it into nuclear fuel and sell that. Its called value adding and Australia does far too little of it. We tend to sell the raw materials for tuppence ... !!!
And don't get me started on setting up a plant to reprocess 'spent' nuclear fuel, instead of dumping it. Australia could be a world leader in this stuff but instead we are beholden to people who have a fear of another Hiroshima or Chernobyl, instead of learning from both and moving on to make the best of the developing technology.
Willem
Definitely agree with you on both issues Willem.
Australia unfortunately has a very poor track record on "value adding" and too often chooses to take the easy way out and sell the raw materials for many times less than we could get for a processed, or at least semi-processed, downstream product.
Perhaps it has something to do with the fact that, for far too many years and under governments of both persuasions, there has been not been the money, nor the incentive for Australians to invest in downstream processing - so we just sell the raw materials (and these days sell the entire mine) to overseas interests, and it is not in their interest for downstream processing to occur in Australia - that'd be competing directly with their industries.
There were ways that it could have been done in the past - a few visionary people like Bjelke Petersen and Lang Hancock had the answers (flame suit on) - but their proposals did not fit with the philosophies of the major political parties, and never stood a chance. Today - I think we have well and truly missed the boat.
As for re-processing and storing radioactive waste - it is definitely something that we should be looking at seriously. I would rather see this material stored safely and securely in a location which is geologically and politically stable, and away from centres of population. Australia appears to be one of the best locations on earth to meet these criteria. Not saying that we should just rush in and do it - but at least properly investigate the pros & cons of such an option, and present proper "scientific" argument both for and against (as opposed to simply listening to the rabid greens and ill informed scaremongers). If it can be done safely - there is definitely a dollar in it.
Cheers .........
BMKAL
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