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     rayj
Member
Username: rayj
Post Number: 245
Registered: 01-2003
Rating: N/A
Votes: 0
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| | Wednesday, June 07, 2006 - 06:42 am: |  
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News this morning from the Ziggy inquiry
"A CARBON tax on coal will be considered as part of John Howard's inquiry into nuclear energy that could lead to more uranium mines and power plants."
Coal stocks should perform real well with this hanging over ther head.
After his good work fixing the telecomunications sector, the gov hands him the energy sector to fix.
ray
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ken
Member
Username: ken
Post Number: 386
Registered: 04-2003Rating: N/A
Votes: 0
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| | Wednesday, June 07, 2006 - 09:22 am: |
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Of course they are not going to mention the cost of safe storage of nuclear waste for 250,000 years, are they?
Trade with the trend, not against it.
The trend is the direction of the 22ema line (Elder)
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ingot54
Member
Username: ingot54
Post Number: 1546
Registered: 05-2004
Rating: N/A
Votes: 0
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| | Wednesday, June 07, 2006 - 02:16 pm: |
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... or the clean-up costs afterwards.
Why don't we include this in the costs and balances equation?
Keep Smiling
Trading style :CFD's predominantly long term.
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peterloh
Member
Username: peterloh
Post Number: 1855
Registered: 03-2003Rating: N/A
Votes: 0
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| | Wednesday, June 07, 2006 - 04:58 pm: |
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The coal industry has only recently come out from a depressed market with better prices last year and a negotiated new price this year. The miners need a new tax like a bullet in the brain.I cannot understand the rational behind this.
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mrbrown66
Member
Username: mrbrown66
Post Number: 46
Registered: 08-2005Rating: N/A
Votes: 0
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| | Wednesday, June 07, 2006 - 08:50 pm: |
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The rational behind it is that coal powerplants are one of the biggest contributers to global warming - and a heavy atmospheric pollutant. It also the major reason why it would be impossible for Australia to meet the requirements set out in the Kyoto agreement - and why we never signed it.
The only way we can cut our CO2 emissions down is by either using renewable energy, or nuclear power. Renewable energy is still very expensive and does not provide the blockbuster power required to fuel this countries need in its entirety.
We have ridiculous amounts of uranium, and ridiculous amounts of barren land to store the waste. I wonder what the future holds...
Its part of a strategy to make coal more expensive and part of a wider strategy to implement a nuclear power industry in Australia.
Thats how I see it anyway 
I would personally prefer to see solar/wind used for the entire country, but how prepared is everyone to double/triple their electricity bills?
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hilarius
Member
Username: hilarius
Post Number: 1840
Registered: 04-2004
Rating: N/A
Votes: 0
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| | Wednesday, June 07, 2006 - 10:13 pm: |
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Good Evening
Not disagreeing about uranium if all safety issues can be covered
What about the benefits of clean coal to power technology also, as a bi-product of a tax on carbon emissions?
Also what is the fuel of the future for cars and planes or should we learn to start walking, bike riding and sailing again?
With Best Wishes
Hilarius
PS With so much labour saving technology and so many new productivity tools what happened to all that free time we were going to have?
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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rayj
Member
Username: rayj
Post Number: 246
Registered: 01-2003
Rating: N/A
Votes: 0
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| | Thursday, June 08, 2006 - 06:59 am: |
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See MCC down 1c yesterday.
COA down 11c.
Remember when the Treasury tax study came out in 86. Recommended a tax on gold companies and those stocks plummetted. Got a few of those certificates pasted to the wall. In the end the Gov did not tax gold coys.
But should be a factor hanging over the heads of coal companies. But they are a big employer so a big fight looms.
BHP has coal and uranium so each way bet.
Interesting ethical comments this thread brought out. I have traded uranium and coal stocks. So i have no ethics in making (or losing) money.
Ray
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mrbrown66
Member
Username: mrbrown66
Post Number: 48
Registered: 08-2005Rating: N/A
Votes: 0
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| | Thursday, June 08, 2006 - 08:58 am: |
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Hey Hilarious.
Electric cars with a ethanol/petrol backup are probably the best way forward as then it doesnt matter where the power comes from (renewables, nuclear, coal).
As for aeroplanes, I think they will be dependant on oil for a very long time into the future. The next gen of aeroplanes are just starting to come out....
Walking and sailing everywhere takes too long
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hilarius
Member
Username: hilarius
Post Number: 1841
Registered: 04-2004
Rating: N/A
Votes: 0
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| | Thursday, June 08, 2006 - 09:34 am: |
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Mr Brown
People used to have time for walking, sailing and each other
I guess all the labour saving gadgets have not solved anything?
Hilarious
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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mrbrown66
Member
Username: mrbrown66
Post Number: 49
Registered: 08-2005Rating: N/A
Votes: 0
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| | Thursday, June 08, 2006 - 12:59 pm: |
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I dont think many people would have had enough time to walk or sail to Europe for a holiday.
Are you saying people used to work a 30 hour week or something? Im not sure what you are getting at
Or is life just moving too fast for you at the moment?
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