Mike Ashcroft
@bigmisterash
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SaaS | Construction | Energy | Crpyto
Melbourne, Australia
Joined November 2015
Imagine investing in the ASX instead of the S&P500…. ASX200 YTD - 8.06%. S&P500 YTD- 29.06%. Tells you everything you need to know about the quality of the Aus economy.
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Why is it that America seems to be the only culture where learning & success is celebrated?. If you succeed in America, people want to high five and congratulate you. Australia? UK? Europe?. Tall poppy syndrome, “got lucky” or worse. Bizarre difference.
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RT @veilofreality: Discomfort is medicine and a profound teaching if we don’t resist it. It’s the only place where true healing and growth….
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It would be great if @AlboMP and @JEChalmers understood this.
Exactly right. ALL government spending is taxation. The government either taxes you directly or, by increasing the money supply, taxes you through inflation. That means the spending bill IS the taxation bill. Very important concept to understand. @RepThomasMassie.
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Japan sure are making a mockery of Aus energy debate - if you could even call it debate…. This is even with our ludicrously cheap LNG exports power up their grid. At least they’re honest about the economics of it.
Japan sees nuclear and solar as the cheapest energy sources in 2040.🇯🇵☢️. ⚡ The total system cost for nuclear power is the cheapest option in all but one scenario.☀️ Solar power could be cheapest or most expensive depending on scale of intermittent renewable sources on the grid
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This is what $12.28 gets you at the airport these days in Australia
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“The darker the night, the brighter the stars. The deeper the grief, the closer is God.” . - Apollon Maykov
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While this graph talks about CO2 emissions, it also proves the point that rich countries are those with abundant sources of energy. Australia's current trajectory is towards a nation of energy poverty. Nuclear is the only option to remain a wealthy nation.
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China can see that a nuclear future is necessary to support their ever expanding commercial & residential power requirements. China knows that rich countries are those that can produce vast amounts of energy from reliable & consistent sources.
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Although the Australian Govt. says nuclear are too expensive and not feasible, guess who has the most reactors currently proposed & under construction?. China. Why would China build nuclear reactors when they clearly do not share the same climate ambitions as Australia, and.
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What also gets missed when looking at renewables is the lifespan of the plants. Solar, wind turbines & batteries need to be replaced every 20-30yrs. Some real world testing shows their lifespans to be MUCH shorter than this. Nuclear reactors run for 60+yrs, many will be.
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Power grids also do not cope well with instability, they prefer small fluctuations in production and demand. Large spikes or swings (even 5%) in voltage can damage equipment in the grid, such as step-down transformers. Grids love predictability. Nuclear reactors provide that.
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This also means that installed power capacities are not equivalencies. When someone says we're installing 1000MW of solar or wind, that's the maximum output of the plant. Renewables have much, much lower capacity factors. So you need MORE to meet true energy needs.
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These reactors operate very close to their maximum power producing capacity, year round. In fact, nuclear reactors have the highest capacity factor of any major form of energy production. This makes it an extremely consistent and predictable form of power production - perfect
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Eg. In 2021, the 1st of 4 APR-1400 reactors was brought online in the UAE. Three are now operational, with the fourth due to come online this year. Construction time for each reactor was 9yrs, with start times staggered ~12mo for each. Total cost was US$24.4B for 5600MW.
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The Australian government are trying to tell us that nuclear power plants are dangerous, expensive and not feasible. However, there are currently 60 nuclear reactors under construction in 16 countries. As of May 2023, there are 436 operable nuclear power plants worldwide. /🧵.
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