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This is the world that Icon has been trapped in for the last 4...

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    This is the world that Icon has been trapped in for the last 4 years. From Energy News Bulletin, "Another oiler bites the dust. OVER the past two months three more oil and gas explorers and producers have entered into administration, the latest being ASX-listed Indus Energy which appointed administrators in October."

    There is simply no money for oil and gas exploration without any future policies. There was a glimmer of hope the other day when Angus taylor opened AGL's new gas powered generator.
    ""Mr Taylor said while it was a ''great day'' for the South Australian energy market, it was also important on a national basis for east coast consumers in the wake of record investment in renewable energy.
    "But to complement that, we need supply that is reliable and affordable from generators like the one we're standing in front of today,'' Mr Taylor said.
    "That is absolutely essential to ensure that we've got that affordable, reliable power on the worst days.
    "Mr Taylor took a potshot at Victoria for its aggressive renewable energy targets and falling levels of baseload power, and said there were no guarantees that blackouts wouldn't occur in that state.
    "There's always risk. We have to accept that,'' Mr Taylor said."That's a precarious grid [in Victoria] that faces serious risks both this summer and in coming summers.''
    BUT, WHAT is HE doing about it????? "Potshots"!!!!!
    Last edited by gassed: Saturday, 08:19
 
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