When the lights go out
Published: Monday, 18 July 2016
At its peak in 2008, oil (WTI) was trading at $140/bbl, which in turn pushed up the price of natural gas. The high price of fuel prompted investment in alternative energy supply, with countries looking to become self-sufficient, at least in part. Now, Cameron Perks, IM Correspondent, details how Australia has moved to diversify its supply mix and what this means for oilfield mineral markets.
Australia’s energy source reliance has changed
dramatically in a short amount of time. A carbon tax introduced
in the 2012-13 financial year forced coal energy output down by
around 12% over the two years that it was in place (1 July
2012 to 30 June 2014). Coal’s energy market
share fell to...