An energy stock is a good with a finite supply that can be shipped around and put in storage, but can only be used once and can't be replenished .An energy flow, on the other hand, is a continuous, steady stream or supply of energy that doesn't exhaust , and can have an infinite supply.Microgrids and smart energy systems are predicted to be the next big thing in electricity supply — allowing us to produce our own energy and share it with neighbours.
And since renewable energy flows can be produced almost anywhere, they can lend themselves to decentralised forms of energy production and consumption. For example, a car powered by lithium-ion batteries, which can be recharged by a renewable energy source, doesn't have to wait for crude oil to be shipped from another country to Australia before it can run.
Houses with rooftop solar and battery systems can produce a lot of their own power, so they don't have to depend so heavily on coal being dug from the ground somewhere, hauled to a power station, turned into energy, and sent their way.For instance, the West Australian Government is currently trialling a number of"community batteries" for households with rooftop solar systems that can't afford their own batteries.
The community batteries, built by Tesla, allow households — for less than $2 a day — to temporarily store the excess power produced by their rooftop solar systems so they can draw on it at night.The crisis hitting the oil industry at the moment is a crisis of oversupply of energy stocks.
The lesson is the always the same. The Morrison Gov't will spend a great deal of money on something vague and ineffectual, some time in the future.
Maybe it's just cover for a dumb idea like buying hydroxychloroquine or even an untested vaccine. I mean this is the Trump administration after all and Morrison is perfect as a grifter's mark.
Declining oil production since '79 means Australia has been required to keep a stockpile of 90 days worth of oil since 2012 After 7 years, why do we still not have the capacity to store it?
So how much per barrel are we paying for storage? Probably more than it is worth, and another Angus Taylor watergate .... or should I say oilgate moment! auspol LNPCrimeFamily LNP
This reserve is worthless, and is just a number on a piece of paper. In a a real emergency, do you think the US would let oil move out? Look what is happening with the 3M masks at the moment.
This makes absolutely no sense. If there is an excess in supply we should be at capacity in our own country... not paying a third country (USA) to buy theirs and for them and also paying them to mind it for us. Dodgy as F deal.
grhutchens AngusTaylorMP tries to meet the 90 days requirement on the cheap. That will take revenge. We should be shown the exact contract conditions. What if the US re-introduces oil export bans in a crisis? Emergency crude stock needs to be physically stored in Australia
If there is one thing we can learn from Covid-19 and that's the need for Australia to RAPILY SWITCH TO EVs These long supply chains make us completely vulnerable.
Simple solution to decade long problem ( if not longer) that we only met our strategic obligations and safeguarded Australia when we produced our own oil. We just need to ramp up renewable energy capacity and go electric vehicles.
That spending $95 million on solar panels is next to useless?
'The Morrison Government's $94 million purchase secured the equivalent of another four or five days of oil for Australia's emergency reserves,'
'Under international fuel security rules, countries are meant to have an emergency stockpile of 90 days' worth of net-oil imports, but Australia has neglected to meet that threshold for years.'
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