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06/02/19

23:58

Post #: 37356212
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Originally posted by bourbasted: ↑

I've got an old boss who taught me a very valuable lesson a long time ago. You can be righteous or you can be rich, but very rarely can you be both in any sustainable way.

The simple fact of the matter is no matter how much people want us to be there, the infrastructure in most modern countries simply can't be supported by alternative fuel sources. As pointed out, to do what you are claiming to be right would likely bankrupt our nation relatively quickly.

PF also points out, quite correctly, that electricity has to be produced. I can tell you as of last year, coal-fired energy costs ~$14-$15p/kw hr to produce. The same kilowatt hour to produce in a very efficient hydro station located in QLD costs ~$25p/kw hr. The average retail price for power in QLD is $27p/kw hr. In my experience the hydro-plant only gets used to produce in emergency situations, or to meet contractual obligations where oversold. If we move to hydro to produce electricity, the retail prices will double. Can you afford that? I can't.

I believe the transition will be gradual. Getting viable batteries with large storage capacity and then affordable for the average Joe, it will take time. I believe ADO is well placed to be on the cutting (if not bleeding) edge of the change. Taking time to crawl/walk/run will be a good thing for shareholders imho.

It's great to have a noble cause in fairy tales, but in real life they most often get you killed. This ain't Disney...

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So we dont believe the alternative is a problem?

Coal is cheap. We could develop technologies to do the carbon capture. Coal in that instance could power large industrial applications.

Oil will still produce plastics but an alternative for cars is a must. EV cars powered from solar and batteries in the home is the answer. PV cells will improve.

But we better get a move on because its downhill or underwater from here.

ADO Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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Off-topic chat, page-33

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Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

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Off-topic chat, page-33

Top Stories

US election outcomes: Key economic and market takeaways

Quit before you're fired: Russia bans uranium exports to USA, duplicating extant US ban

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

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Power gets set for 1000-metre maiden drilling program in Brazil

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