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Impmk2

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  1. I had absolutely no idea. Thought it was an item of clothing before I read the story tbh.
  2. Think it's just you, you bastards. I'm in a similar boat. Anti-royal, pro-day off. Conflicted, but I'll take it.
  3. Yeah my comments were largely limited to my home country (Australia) which has no existing nuclear infrastructure, a comparatively small population and large renewable resources, rather than say, China.
  4. No my bad, I had a bit of a thin skin this morning and misread the tone. Fwiw I'm not at all anti nuclear. I've dealt with low level radioactive material occasionally throughout my career, and support us having the waste containment site here in SA. I just haven't seen any non-partisan analysis that generation would remotely stack up as things stand. If that calculus changes I'll happily change my stance.
  5. That wasn't at all a comparison... He just happens to be the highest profile politician supporting nuclear power in the country right now. But sure whatever floats your boat. Seems you have an issue with me. I should probably stop trying to engage.
  6. Nuclear power in the Australian context is a way to avoid doing anything climate change for 20 years, while trying to look like you're doing something. There's a reason Dutton is embracing it. It's an issue that's been looked at over and over again by the CSIRO and other energy experts over the past decade. Frankly I tend to trust that more than the pronuclear crowd on the internet.
  7. Sure, but that's waaaay along the timescale into where we'll need along the path for decarbonisation, being around a decade out. Basically the lets see how this technology pans out approach, which we could say for a range of things right now. It's worth mentioning the previous reports (pre-2016) looked at traditional large scale nuclear rather than SMR and that wasn't found to be a viable way for Australia to rapidly lower emissions while keeping power prices sane either - but those reactors just aren't what's being proposed for here anymore. ETA: and I don't think these are ideological. The South Australian government who commissioned the other report I linked were very pro nuclear and were basically looking for an excuse to invest. Came to exactly the same conclusion.
  8. In larger countries / continents like the US / Europe / China etc that may well be the case. For smaller or much more sparsely populated countries like Australia and NZ I'm not sure. I know here in Australia we've had several reports and inquiries into the viability of a domestic nuclear industry by both government and scientific bodies and they've basically all concluded that nuclear energy is too slow, too costly, and still doesn't make much sense in our energy mix here.
  9. Yep, no argument. And if we actually get a solid period of wage increases too this could also help reduce the stupidity of the housing market. But not holding my breath on either front.
  10. That's the question - again from my understanding there's an absolutely massive ramp up in investment in grid scale (non-chemical) energy storage going on right now. We think lithium batteries when we think renewable storage, but pumped hydro accounts for 94% of current grid scale energy storage, and that kind of technology (not just hydro, but compressed gas, heat storage - ie molten salt, hydrogen electrolysis etc etc etc) can be brought online far, far faster, at potentially far lower cost. That makes new investment into nuclear an extremely risky venture at this juncture, as it's a massive investment for something that'll potentially end up as a stranded asset.
  11. I'm not sure pointing at average savings figures, as the RBA has been doing, is a great indicator in a country with wealth inequality at record highs. A quick google tells me that median savings are close to 1/10 of the average. There's going to be a lot of people feeling the pinch for whom those figures are little comfort. I can agree with this, the property market was (still is) ridiculously out of control. Though again, it isn't just the rates going up, it's a once in a generation inflation spike, coupled with the massive lag in wage increases (if they ever eventuate at all).
  12. The issue at this point as far as my limited understanding, is that new nuclear takes an average of approx 20 years to bring online. If we were going to go that way we needed to in the 90s. Ship has well and truely sailed. At this point massively overbuilding renewable capacity, while investing in storage technologies (be that pumped hydro, gravity, pumped gas, hydrogen, battery etc etc) seems to be the way the market is heading. Any of those should be much faster to bring online than nuclear capacity.
  13. Yep simple answer - I'm in Adelaide, probably one of the easiest cities to get a deposit together. And the people I know are generally buying a fair way out of the CBD and commuting. But yeah, almost all are couples, mostly uni educated, with no kids. If it was just a matter of the rates going up wouldn't be an issue. It's that everything is spiking at once. And if the RBA manages to crash the economy it'll be young people who wear the pain again, as with the GFC. Of course if inflation comes under control and we get a few solid years of increasing wages, coupled with a decline in house prices this could all be a good thing. I'm just quite skeptical that'll be the outcome. Business seems intent on screwing the workers with minimal/no increases even while reporting record profits.
  14. Oh I don't blame you for that, but the I think the investors will largely be fine. The rental market is so tight right now, they'll jack the rents and ride it out. It's the young people I know who have gotten into the market in the last couple years while rates are low and prices sky high I'm worried about (along with as the people who are renting or just can't afford the rent anymore).
  15. Look I wasn't trying to be personal. I just find it odd that an avowed leftist would be preaching personal responsibility and celebrating people getting screwed at the hand of the free market. And no, that doesn't mean I don't have extreme sympathy for people living in poverty who are getting hit too.
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