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Archive for September, 2007

Conflict over iron ore developments in Western Australia’s Mid west region escalates; Minister threatens termination of agreement

Posted by gasweek on 28 September, 2007

West Australian Deputy Pre­mier Eric Ripper had sharply escalated the conflict over iron ore developments in the State’s Mid West region, according to Nigel Wilson, reported The Australian (20/9/2007, p.20). Read the rest of this entry »

Posted in Australia, Gas, Regulation, Volume 2602 | Leave a Comment »

White (APW) wheat fetching $376/t, up $15 from previous trading day; staggering $61/t increase in fortnight

Posted by gasweek on 28 September, 2007

As price uncertainty continued, Chicago Board of Trade (CBOT) December 2007 futures — already at an all-time record for this time of year — hit US843c a bushel last Friday, according to Colin Bettles, reported Farm Weekly (13/9/2007, p. 1). Read the rest of this entry »

Posted in Australia, Gas, Volume 2602 | Leave a Comment »

Former ACCC chair attacks Fed Govt reforms of predatory pricing laws: swinging pendulum too far in favour of small business

Posted by gasweek on 28 September, 2007

The former chair of the Aus­tralian Competition and Consumer Commission, Allan Fels, attacked the Federal Government’s reforms of predatory pricing laws, and said they have swung the pendu­lum too far in favour of small business and may drive up con­sumer prices, wrote Steven Scott in The Australian Financial Review (25/9/2007, p.8). Read the rest of this entry »

Posted in Australia, Finance, Gas, Regulation, Retail, Volume 2602 | Leave a Comment »

New theory explains strange events during 2003 Canberra fires: changes in pressure create shock waves, lead to explosions

Posted by gasweek on 28 September, 2007

The Canberra firestorm that ravaged Australia’s capital in January 2003 surprised everyone, reported New Scientist (4/8/2007, p38). Read the rest of this entry »

Posted in Australia, Gas, Unknowns, Volume 2602 | Leave a Comment »

Effect of rising oil costs to be considered at first Cabinet chaired by new Queensland Premier Anna Bligh

Posted by gasweek on 28 September, 2007

A major new report warning of a looming social crisis because of rising oil costs was to be considered at the first Cabinet to be chaired by new Queens­land Premier Anna Bligh, reported The Courier Mail (17/9/2007, p. 9). Read the rest of this entry »

Posted in Australia, Gas, Volume 2602 | Leave a Comment »

Five years of double-digit profit growth encourages pouring billions of dollars into new projects and equipment

Posted by gasweek on 28 September, 2007

Five years of double-digit profit growth was driving a spending boom across corporate Australia as the nation’s largest companies ploughed billions of dollars into new projects and equipment, reported The Australian Financial Review (25/9/2007, p. 1). Read the rest of this entry »

Posted in Australia, Gas, Volume 2602 | Leave a Comment »

Resolution of overnight global liquidity squeeze impossible to predict: numbed markets wait for direction

Posted by gasweek on 28 September, 2007

For the past 15 or so years, banks have grown by lending to people and businesses, then bundling those loans and selling them to investors in world capital markets, reported The Australian (8/9/2007, p. 20). Read the rest of this entry »

Posted in Australia, Defense, Gas, Volume 2602 | Leave a Comment »

Stainless steel demand part of $2.2 billion Ravensthorpe nickel jigsaw puzzle; concentrate processed at Yabula, northern Queensland

Posted by gasweek on 28 September, 2007

Ravensthorpe nickel started out in 2004 as a $1.04 billion dream by BHP Billiton has turned into a head­ache with a budget twice that size, and may have cost the job of former BHP Billiton Stainless Steels boss Chris Pointon, if industry gossip was to be believed, reported The Australian, (22/9/2007), p. 34. Read the rest of this entry »

Posted in Australia, Gas, Volume 2602 | Leave a Comment »

Prepaid cards a gift to criminals; briefing paper issued by the Australian High Tech Crime Centre and the Australian Institute of Criminology

Posted by gasweek on 28 September, 2007

Christmas shoppers who bought prepaid gift vouchers stored on electronic cards might soon have to queue up for identity checks along with their gift wrapping, after crime experts said the popular new products were a money laundering threat, according to Julian Bajkowski reported in The Australian Financial Review (25/9/2007, p. 35). Read the rest of this entry »

Posted in Australia, Defense, Gas, Security, Unknowns, Volume 2602 | Leave a Comment »

NSW rules for offgrid electricity supply, set by GridX Power application precedent

Posted by gasweek on 28 September, 2007

GridX Power application precedent has set rules for off grid generation. The tariffs were to be no higher than grid electricity. Read the rest of this entry »

Posted in Australia, Gas, Retail, Volume 2602 | Leave a Comment »

Bush reclaims political initiative on Iraq: a long-term US position created from the Iraq mess will keep Australia in the region for years

Posted by gasweek on 28 September, 2007

Where, exactly, was the US political system on Iraq after the reports from ambassador Ryan Crocker and General David Petraeus and the new policy from Bush, asked Paul Kelly in The Australian (22/9/2007, p. 20). Read the rest of this entry »

Posted in Australia, Defense, Gas, Volume 2602 | Leave a Comment »

Australia gets closer to NATO: to develop interoperability with NATO forces, share classified information and training

Posted by gasweek on 28 September, 2007

Australia would sign a treaty with NATO in a move that would boost security and intelligence ties and assist the evolution of the 60-year-old Cold War alliance of democracies into a global force, according to New York correspondent David Nason, reported The Australian (22/9/2007, p. 12). Read the rest of this entry »

Posted in Australia, Defense, Gas, Volume 2602 | Leave a Comment »

Gulf states rivals acquire almost half of London Stock Exchange; US to acquire OMX

Posted by gasweek on 28 September, 2007

Alignments between the world’s stock exchanges had changed at a dizzying pace in a single day, according to Norma Cohen and Robert Anderson reported The Australian (22/9/2007, p. 40). Read the rest of this entry »

Posted in Australia, Defense, Gas, Volume 2602 | Leave a Comment »

Oil companies cool on ethanol for vehicle fleet despite $US3.5 billion subsidy

Posted by gasweek on 28 September, 2007

For some industries, the prospect of $US3.5 billion ($4.1 billion) in federal subsidies now, and double that in three years, might be a powerful incentive, according to David Kiley in Detroit, reported The Australian Financial Review. Read the rest of this entry »

Posted in Australia, Gas, Volume 2602 | Leave a Comment »

Risk of “Dutch disease” in Russia-Aus trade: strong export energy sector could crowd-out other sectors, warns Austrade economist

Posted by gasweek on 28 September, 2007

Austrade chief economist Tim Harcourt said the Russian President’s visit to Australia during APEC reflected an increasingly healthy Australia-Russia trade relationship, reported The Australian Financial Review (29/8/2007, p.13). Read the rest of this entry »

Posted in Australia, Gas, Volume 2602 | Leave a Comment »

Protesters, police square off in Hyde Park amid Sydney APEC meeting; tomato sauce squirter charged with assault

Posted by gasweek on 28 September, 2007

In the first sizeable gathering of anti-war protesters on 6 September, two people were arrested during a demonstration of about 200 people in Hyde Park, reported The Sydney Morning Herald (7/9/2007, p.9). Read the rest of this entry »

Posted in Australia, Defense, Gas, Volume 2602 | Leave a Comment »

Confidential list of telephone numbers and home addresses of 130 South Australian police officers stolen

Posted by gasweek on 28 September, 2007

Police had unsuccessfully searched several reserves in Adelaide’s southern suburbs for a briefcase stolen from an unmarked police car, reported The Advertiser (7/9/2007, p.12). Read the rest of this entry »

Posted in Australia, Defense, Gas, Volume 2602 | Leave a Comment »

Next stop, Vladivostok: Russia officially states readiness to chair APEC in 2012

Posted by gasweek on 28 September, 2007

Russia had officially stated its readiness to chair APEC in 2012, Russian President Vladimir Putin wrote in The Australian (7/9/2007, p. 16). Read the rest of this entry »

Posted in Australia, Defense, Gas, Volume 2602 | Leave a Comment »

New doctorine of People’s Liberation Army described as “pressure point warfare” – the attacking of specific nodes to paralyse adversary

Posted by gasweek on 28 September, 2007

Chinese hackers, some believed to be from the People’s Liberation Army, had been attacking the computer networks of British government departments, according to Richard Norton-Taylor in The Sydney Morning Herald (6/9/2007, p. 14). Read the rest of this entry »

Posted in Australia, Defense, Gas, Volume 2602 | Leave a Comment »

Demonstrations fail to become violent: nonplussed police look for work among demonstrators already on their way home

Posted by gasweek on 28 September, 2007

NSW Police Commissioner Andrew Scipione kept telling the media that the APEC demonstration in downtown Sydney on 8 September was bound to be violent, reported The Australian. Read the rest of this entry »

Posted in Australia, Defense, Gas, Volume 2602 | Leave a Comment »

Northern Territory Chief Minister Martin woos Japan, seeks to creep Ichthys LNG project up the Western Australia coast, across the NT border

Posted by gasweek on 26 September, 2007

Northern Territory Chief Minister Clare Martin had had top-level talks in Japan aimed at wrestling the multi-billion-dollar Ichthys LNG project away from Western Australia, reported Nigel Wilson, energy writer, for The Australian, (22/9/2007), p. 35. Read the rest of this entry »

Posted in Contracts, Japan, LNG, Northern Territory, Volume 2601, Western Australia | Leave a Comment »

iPods and portable USB drives remain key threats for data security; self-auditing software walks the line between security and privacy

Posted by gasweek on 26 September, 2007

Speaking in Sydney last week ahead of a conference conducted by Computer Sciences Corporation, Workshare chief executive Joe Fantuzzi said that providing a path into an internal network could be as easy as sending someone a Microsoft Word document, according to Joshua Gliddon, reported The Australian Financial Review (25/9/2007, p. 36). Read the rest of this entry »

Posted in Security, Uncategorized, Volume 2601 | Leave a Comment »

Santos assumes carbon credits and seeks $275 million freebie for CO2 dump, 60km north of Moomba

Posted by gasweek on 26 September, 2007

According to Nigel Wilson, reporting in The Australian, (19/9/2007 p. 40), the Coal21 conference in the Hunter Valley was told last week the first phase of the plan to store carbon dioxide in a depleted gas reservoir would require a total investment of $700 million. Read the rest of this entry »

Posted in CGGT, CO2 dumps, Emissions, Gas, SA, Volume 2601 | Leave a Comment »

US suspends all land travel by diplomats and civilian officials in Iraq after law-immune US-paid mercenaries kill 20 Iraqis: Iraq’s Ministry of Defence confirms deaths

Posted by gasweek on 26 September, 2007

The US has suspended all land travel by diplomats and civilian officials in Iraq outside Baghdad’s heavily fortified Green Zone, amid mounting outrage over the alleged killing of civilians by the US Embassy’s security provider Blackwater USA, reported The Mercury (20/9/2007, p. 20). Read the rest of this entry »

Posted in Defense, Iraq, Liquids, Middle East, oil, Policy, Security, US, Volume 2601 | Leave a Comment »

Greens leader wants plebiscites to allow local input on all major infrastructure decisions: pulp mills, desal, nuclear power plants and Queensland council mergers

Posted by gasweek on 26 September, 2007

Amendments to the Commonwealth Electoral Amendment (Democratic Plebiscites) Bill 2007 deserved support, said Greens leader Senator Bob Brown in the Federal Senate on 17 September 2007. Read the rest of this entry »

Posted in Federal, Infrastructure, Policy, Tasmania, Volume 2601 | Leave a Comment »

Dunning-Kruger effect: those with low levels of skill generally overestimate their competence while skilled people almost invariably underestimate

Posted by gasweek on 26 September, 2007

The reason the idiot you work for had no idea how bad he was at his job might be due to the Dunning-Kruger effect – almost without fail, those with low levels of skill overestimated their competence, reported The Sydney Morning Herald (22/9/2007, p. 47). Read the rest of this entry »

Posted in Uncategorized, Volume 2601 | Leave a Comment »

Greg Rudd, banned from lobbying any federal government headed by brother Kevin, gets onto WA government’s register Greg

Posted by gasweek on 26 September, 2007

Rudd, an elder brother of federal Labor leader Kevin Rudd, had just successfully applied, via his lobbying business, Open Door Consulting, to be added to the Western Australian government’s register of lobbyists, reported The Australian Financial Review (25/9/2007, p. 50). What to do when one door closes: The register was introduced after it emerged that Grill and his mate Brian Burke had cabinet ministers and senior bureaucrats wrapped around their little fingers. The list of Open Door’s clients published on the register just last week was hardly blue chip, the AFR wrote, but it did show that Rudd was intent on picking up new business in booming WA — especially after Kevin announced that Greg would be banned from lobbying a future Rudd Labor government so as to avoid claims of a conflict of interest. For the record, Open Door’s clients include Ernst & Young, Phoenix Eagle Alcan South Pacific, BlueScope Water, Karcher, Workpac International, Diversified Construction Corporation, Heritage Properties and Hear & Say Centre.

The Australian Financial Review, 25/9/2007, p. 50

Posted in Policy, Volume 2601, WA | Leave a Comment »

Dubai’s staggering construction boom continues; seeks to be future link for Asia, US, Europe

Posted by gasweek on 26 September, 2007

To see Dubai for the first time was to be confronted with a staggering construction boom that in its scope and ambition dwarfed anything the world has seen for decades, reported The Sydney Morning Herald (22/9/2007, p.44). Biggest and boldest: Seemingly out of nowhere, this tiny emirate on the Persian Gulf decided to force its way into the ranks of the world’s great business and tourism centres by building bigger than anyone dreamed possible. The city’s pursuit of the biggest and boldest was a deliberate strategy put in place by its ruler, Sheik Mohammed bin Rashid al­ Maktoum, whose 20-storey image adorned downtown buildings.

Not just oil: Dubai joined six other emirates to form the United Arab Emirates in 1971. Then Dubai was awash with oil money from reserves dis­covered in the late 1960s but the state had nowhere near the resource potential of its neighbours, so it pursued a different path, aiming to become the financial and trading centre of the Arab world. Today, oil revenues made up less than 5 per cent of the economy. The majority of the 1.4 million people in Dubai were from elsewhere. Most were brought in to work on the more than 5,000 construction sites, mainly from India, Pakistan and Bangladesh, and they did not live in the luxury that surrounded them, but in cramped communal quarters. Others were Western expatriates who worked in finance or property development, or in the burgeon­ing and profitable health-care sector.

Seeks world-hub status: As China and India emerged as the new centres of the global economy, Dubai has, by its own outsized ambition, tried to build itself into the hub that will link Asia with North America and Europe.

The Sydney Morning Herald, 22/9/2007, p. 44

Posted in Middle East, oil, Volume 2601 | Leave a Comment »

Who Dares Wins: Australian SAS operators were on notice for a possible 2007 invasion of Fiji

Posted by gasweek on 26 September, 2007

Last year the Australian Defence Force’s Special Operations Command was ordered into East Timor. And they were put on notice again for a pos­sible intervention in Fiji following last year’s military coup. Read the rest of this entry »

Posted in Defense, East Timor, oil, Pacific, Security, Volume 2601 | Leave a Comment »

Bank of England offered emergency loans to Northern Rock; customers ignored assurances that bank was solvent, but raced to withdraw more than £2 billion

Posted by gasweek on 26 September, 2007

Last week the Bank of England offered emergency loans to Northern Rock, the nation’s fifth-largest mortgage lender, in­sisting that it was willing to help British banks overcome the liquid­ity crunch but would not under­mine market discipline by bailing out the shareholders of banks that ran into trouble. Read the rest of this entry »

Posted in Finance, UK, Volume 2601 | Leave a Comment »