well done joe. I'm convinced there's NO growth story in WA. Is...

well done joe. I'm convinced there's NO growth story in WA. Is this an indication that Australia will be in a recession.

No growth in AU
. To measure the health of industrials one must look at electricity consumptions.

Australia experienced a cyclical commodity downturn for almost 2years. Everyone must expect the electricity consumptions in SME in WA mining region to be reduced overtime, no doubt about that.

The thing to worry me is the sale of EGO to reduce debts or to seek for more growths in the US.
EPW did sold its Megasco shares last year.
So my big question is where EPW looks for gas resource to feed its 2 plants in WA and QLD.

I think EPW is going to divest its operations in Australia in order to concentrate its business in the US. Is EPW going to sell the 2 AU plants?

Gas crisis or LNG gluts

Why didn't I invest in Oil Search. OSH is an international LNG player. It's the cheapest lng producer in the world and It's going to expand due to the T/O on Interoil.

If it succeeds then there will be a food of LNG gluts on the market together with the US lng exports coupled with 6-7 LNG export terminals in Australia.

Let's imagine how will the LNG gluts destroy both AU economy and PNG economy.

That's why I look for consumption growths in local industrials.

Everyone aggreed there's no growth in WA electricity consumptions despite the stablized commodity index that showed 4 straight months of positive figures

When I see the PNG economy shows signs of nose diving then I will see the AU economy to follow suit.

No growth means the LNG gluts
LNG gluts means the fall of renewable energy.

Australia renewable energy is RUBBISH.
I would rather invest renewable energy in the UK for off-shore wind energy and the Germany for Solar energy If I could.

Well. It'll be a reality.

So I stick with EPW to divest all of its gas powered plants to concentrate on the US. The US is a GUARRANTEE place for local growths. It's a sure thing rather than to rely on the China recovery.

Anyway I have lost $400 for my $1000 bet in EPW for the last 2 weeks. I'm going to buy $6000 tomorrow because I'm sure I can get it back soon.

The unloved my my lovely one.