• 4 minutes Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 9 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 17 minutes Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 8 mins Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 2 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 44 mins Tesla Closing a Dozen Solar Facilities in Nine States
  • 15 mins Could Venezuela become a net oil importer?
  • 1 day Corruption On The Top: Netanyahu's Wife Charged With Misuse of Public Funds for Meals
  • 12 hours Why is permian oil "locked in" when refineries abound?
  • 10 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 5 hours Saudi Arabia turns to solar
  • 2 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 14 hours Teapots Cut U.S. Oil Shipments
  • 14 hours Oil prices going down
  • 19 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 15 hours Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 3 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 4 hours EVs Could Help Coal Demand
  • 15 hours Putin Says 'Fierce' U.S. Politics Hindering Summit With Trump
Iranian Influence In Iraq Grows

Iranian Influence In Iraq Grows

Iranian influence in Iraq has…

Political Rivals Hurl Insults Live Over Power Outages In Australia

Power

Tensions between the federal Australian government and the state of South Australia reached new heights at a press conference today, where the state’s Prime Minister attacked the federal Energy Minister for supporting a US$1.54-billion (A$2 billion) hydropower project amid a growing threat of power shortages in the south and east of the country.

The live disagreement—which some media outlets are saying was unlike anything they had ever seen—included the two political rivals standing next to each other, sharing a single microphone as they hurled insults, mostly about Australia’s renewable energy and power outages, and reached crescendo with Frydenberg suggesting that Weatherill should step down as Premier of South Australia.

The go-ahead for the Snowy Hydro expansion project was announced earlier in the day by PM Malcolm Turnbull. It envisages a generating capacity increase of 2 GW, which will produce enough power to supply about half a million households.

Interestingly, the announcement came without Canberra consulting the co-owners of the project, which include New South Wales with 58 percent and Victoria with 29 percent.

PM Jay Weatherill called the Snowy Hydro project “a $2-billion insult” and added that Minister Frydenberg’s call for the state and Canberra to work together in energy matters was “a disgrace.” He went on to say that the Snowy Hydro will take between four and seven years to be completed, but South Australia planned to become energy self-sufficient sooner, referring to the state’s ambitious renewable energy initiatives.

Federal PM Malcolm Turnbull recently slammed South Australia and other states for their reliance on renewable energy, saying it was this very reliance that threatened the country with power shortages. His remarks came after the nation’s Energy Market Operator warned that power shortages could come as soon as next year unless gas-powered generation capacity is increased, mainly in the eastern states.

Related: EIA And OPEC Send Oil Prices Tumbling

Since then, two LNG providers have agreed to redirect some of their output to the domestic market to help solve the problem, after Turnbull said they may lose their “social license” to operate if they refuse to contribute to the energy security efforts of the government.

South Australia is the most renewables-dependent state in Australia, and in recent months has experienced several power outages, prompting strong criticism from the federal government. Weatherill’s comments at the press conference, however, suggest that the state government is determined to go ahead with its renewable energy plans, despite the outages.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News