LetemEatCake

Champion Author
Oklahoma City
Posts:2,701 Points:366,520 Joined:Mar 2008
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Message Posted: Nov 8, 2009 11:33:07 PM
BKool from Michigan...
As usual, you are not seeing the big picture...only your tiny corner to prove your bogus claims. You have put a debt clock up as a citation which is so out of context it is impossible to draw any conclusions.
There is no industrialized country in the world, that I am aware of without some debt, if you think otherwise you need to find one and move.
As an American it is completely presumptuous for us to determine what the Australian government can and cannot afford. They obviously think this project is good for their people or they would not be funding renewable energy and wave technology. Who are we to disagree? We don't live or vote there.
The Australian dollar is currently the sixth-most-traded currency in the world, and projected to continue to increase in strength in the next few years.
The unemployment rate is somewhere near 6%; the inflation rate has cooled to the slowest pace in 10 years. Australia has an enviable, strong economy with a per capita GDP on par with the four dominant West European economies. Emphasis on reforms, low inflation, a housing market boom, and growing ties with China have been key factors over the course of the economy's 17 solid years of expansion.
It has robust business and consumer confidence, and high export prices for raw materials and agricultural products which fueled the economy in recent years, particularly in mining states.
Something really good is going on in Australia. So don't knock it unless you can provide us with citations that make sense!
[Edited by: LetemEatCake at 11/8/2009 11:34:52 PM EST]
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Bonanza

Champion Author
Boston
Posts:5,197 Points:1,404,490 Joined:Jun 2004
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Message Posted: Nov 8, 2009 12:26:22 PM
More government money given to the rich
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MnMarty

All-Star Author
Twin Cities
Posts:601 Points:114,595 Joined:Mar 2009
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Message Posted: Nov 8, 2009 9:53:12 AM
The wave of the future.
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RobRD

Champion Author
Alberta
Posts:3,688 Points:867,845 Joined:Jul 2007
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Message Posted: Nov 7, 2009 11:13:50 PM
This sounds like a great idea. Why haven't other countries adopted it.
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BburgCW

Veteran Author
Virginia
Posts:294 Points:217,895 Joined:Jun 2009
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Message Posted: Nov 7, 2009 5:53:53 PM
Excellent news! wonderful to read another article about this energy capturing technique.
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cagustin

Rookie Author
Fresno
Posts:99 Points:34,880 Joined:Oct 2009
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Message Posted: Nov 7, 2009 5:12:17 PM
Renewable energy with job security... what's not to like?
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me2Ky09

Rookie Author
Kentucky
Posts:62 Points:8,035 Joined:Oct 2009
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Message Posted: Nov 7, 2009 3:17:41 PM
Costs will come down the more plants are built. Doing nothing, just makes for higher prices in the future. Doesnt America "invest" in Anything any more? Are you Not glad our parents paid for all the Dams? Where are OUR LEADERS? Are we so polarized we cant move to protect our nation?
As for all the things that can go "wrong" with this idea, seams to me that a great deal is wrong with Gas (oil spills in shipping it, Lead in the air, not to mention how it pollutes the ground water). Now isnt there always a problem with everything? To do nothing will just make gas prices rise until we can no longer afford it.
This Company"s stock is only eight bucks a share.
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headhog

All-Star Author
Indiana
Posts:712 Points:280,470 Joined:Nov 2008
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Message Posted: Nov 7, 2009 3:06:55 PM
I will be interesting to see if this works.
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thirstyauto

Champion Author
Milwaukee
Posts:4,665 Points:469,375 Joined:Nov 2008
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Message Posted: Nov 7, 2009 3:04:26 PM
So, would this work with lake power as well???
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jwduke1

Champion Author
Iowa
Posts:10,465 Points:2,051,205 Joined:Apr 2004
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Message Posted: Nov 7, 2009 2:56:22 PM
Sounds like a good deal if it works.
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Wolfwings

Champion Author
Delaware
Posts:3,062 Points:652,380 Joined:May 2004
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Message Posted: Nov 7, 2009 2:54:20 PM
I hope this works, but wonder at the cost per MW before it becomes cost effective.
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garman87

All-Star Author
Austin
Posts:659 Points:1,344,625 Joined:Aug 2005
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Message Posted: Nov 7, 2009 2:51:45 PM
We need as many ways to get off oil.
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Tatalah

Champion Author
Riverside
Posts:4,584 Points:1,330,665 Joined:May 2003
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Message Posted: Nov 7, 2009 2:49:09 PM
Nothing like a little free power
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threewheeler

Champion Author
Seattle
Posts:1,543 Points:116,760 Joined:Jun 2008
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Message Posted: Nov 7, 2009 2:44:32 PM
will it help?
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Zeke33

Champion Author
New Hampshire
Posts:2,261 Points:831,165 Joined:Sep 2005
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Message Posted: Nov 7, 2009 2:41:50 PM
I good idea to save oil. The environmentalists will find fault somewhere.
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guyincognitoNY

Champion Author
New York
Posts:2,519 Points:509,110 Joined:Sep 2008
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Message Posted: Nov 7, 2009 2:40:43 PM
good we need energy in all ways.
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antur

Champion Author
Chicago
Posts:1,187 Points:334,520 Joined:Mar 2008
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Message Posted: Nov 7, 2009 2:40:23 PM
Good. At least they will get some experience paid by not US citizens.
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CISA

Champion Author
Orange County
Posts:1,358 Points:553,610 Joined:Dec 2006
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Message Posted: Nov 7, 2009 2:40:15 PM
The ultimate factor in all energy production, delivery and supply is variable cost, fixed cost, ROI and cost to consumer. A free market will ferret out the best and cheapest -- just keep the agenda folks (BHO, Pelosi, Reid; Palin, Romney; etc) OUT of the command and control business!
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LanguageMan1

Champion Author
Tampa
Posts:4,818 Points:545,975 Joined:Apr 2008
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Message Posted: Nov 7, 2009 2:34:29 PM
It's about time, and it's only a drop in the bucket compared to what could be done and what they've given to the banks and wealthy in this country and around the world.
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rjoeh

Champion Author
Michigan
Posts:3,179 Points:1,453,330 Joined:Jun 2004
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Message Posted: Nov 7, 2009 2:30:04 PM
Unless the oceans of the world dry up, this will be a never ending source of power. and to harness it for good is a positive thing.
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PaylessKY

Champion Author
Kentucky
Posts:2,295 Points:492,230 Joined:Oct 2008
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Message Posted: Nov 7, 2009 2:28:15 PM
More government money given to the rich.
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waynemustang

Champion Author
Indiana
Posts:2,511 Points:691,685 Joined:Nov 2006
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Message Posted: Nov 7, 2009 2:22:58 PM
Greedy renewable energy companies need to pay for their own projects.
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waynemustang

Champion Author
Indiana
Posts:2,511 Points:691,685 Joined:Nov 2006
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Message Posted: Nov 7, 2009 2:17:37 PM
Corporate welfare for Ocean Power. What a mooch.
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jd2009

Champion Author
Honolulu
Posts:1,379 Points:397,420 Joined:Jan 2009
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Message Posted: Nov 7, 2009 2:16:19 PM
What a great idea ... hope it works
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NavyStore

Champion Author
Seattle
Posts:1,867 Points:1,016,940 Joined:Aug 2005
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Message Posted: Nov 7, 2009 2:12:39 PM
Ever notice how those that belong to 'The Party of NO' make blanket statements (GasOkie - "They have tried to harness the tide. They have tried to harness the waves. None of that worked very good.") but never put up any evidence?
It would be laughable but nowadays, if you give them actual, peer-reviewed evidence, they just say you are wrong and that they 'know it is a left-wing, socialist, environmentalist trick'. Just goes to show that the 'War on Education' has succeeded!
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lindact

Champion Author
New Haven
Posts:3,168 Points:623,035 Joined:May 2008
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Message Posted: Nov 7, 2009 2:08:05 PM
Somes like a simple yet great idea.
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srobins81

Sophomore Author
Portland
Posts:228 Points:808,320 Joined:Dec 2005
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Message Posted: Nov 7, 2009 2:04:05 PM
I am alarmed at the number of people who either don't use spell/grammer check or are just plain uneducated that post here.
[Edited by: srobins81 at 11/7/2009 2:04:41 PM EST]
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Grizzly1505

Veteran Author
North Carolina
Posts:296 Points:419,965 Joined:Dec 2007
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Message Posted: Nov 7, 2009 2:03:26 PM
@gasokie
you are mistaken.Because Americans are not able and willing to harness energy from tides, does not mean it can't be done elsewhere. In Holland (that's in Europe) the energy of the tide is harnessed very efficiently at the northern part of it called Lake Ijssel for decades.they also have big wind farms like the ones in Germany.
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nimpy

Champion Author
Indianapolis
Posts:3,485 Points:764,540 Joined:Oct 2007
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Message Posted: Nov 7, 2009 1:59:57 PM
This is interesting. I hope it works
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jiamusi45

Champion Author
Calgary
Posts:1,145 Points:63,640 Joined:May 2009
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Message Posted: Nov 7, 2009 1:55:51 PM
Wave power is a good solution but it has it's issues, google wave power.
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TomJDriver

All-Star Author
London
Posts:566 Points:117,545 Joined:Jul 2006
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Message Posted: Nov 7, 2009 1:53:13 PM
Good on them. This has been perfected over many years and the government money is to build a systems with tested technology not a grant to study it. Unfortunately there are health problems living near wind turbines. If only they could get power from wind in uninhabited portions of the outback to populated areas effectively.
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dhnbBUG

Champion Author
Pennsylvania
Posts:2,528 Points:598,045 Joined:Apr 2008
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Message Posted: Nov 7, 2009 1:52:20 PM
As simple as that.
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NavyStore

Champion Author
Seattle
Posts:1,867 Points:1,016,940 Joined:Aug 2005
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Message Posted: Nov 7, 2009 1:51:46 PM
Very cool! Oh, and GasOkie, something tells me you're a 'Drill here, Drill now' kind of guy... Seen that Golden Driller lately? He needs to be holdings a windmill and have solar panels at his feet...
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dopster

Champion Author
Toledo
Posts:1,312 Points:1,220,960 Joined:Aug 2004
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Message Posted: Nov 7, 2009 1:51:24 PM
Research costs money. Simple as that.
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gasokie

Veteran Author
Oklahoma
Posts:259 Points:467,885 Joined:May 2007
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Message Posted: Nov 7, 2009 1:46:25 PM
They have tried to harness the tide. They have tried to harness the waves. None of that worked very good. Now they are trying to horness somebody else' money. That is going very well, thank you.
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repeater1

Champion Author
Kansas
Posts:2,587 Points:1,231,435 Joined:Oct 2005
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Message Posted: Nov 7, 2009 1:45:27 PM
Now if they can bring it in on time and within budget it would be great.
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PDQBlues

Champion Author
San Diego
Posts:1,519 Points:351,725 Joined:Jan 2009
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Message Posted: Nov 7, 2009 1:45:12 PM
Great news! There is energy in them there waves! :-)
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ByGuy

Champion Author
Dallas
Posts:2,423 Points:623,975 Joined:Nov 2005
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Message Posted: Nov 7, 2009 1:41:15 PM
Sounds good!
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arnerator

Champion Author
Seattle
Posts:2,366 Points:483,560 Joined:Sep 2008
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Message Posted: Nov 7, 2009 1:40:34 PM
Jeez.....how clean can you get ??
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gasokie

Veteran Author
Oklahoma
Posts:259 Points:467,885 Joined:May 2007
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Message Posted: Nov 7, 2009 1:39:10 PM
Yeah. What Ashbury says.
And. Hasn't this been tried before? Maybe 3X? And-are re we payin' for this or are the Aussies?
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Cuzilla

Champion Author
Indianapolis
Posts:7,986 Points:1,395,810 Joined:Sep 2005
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Message Posted: Nov 7, 2009 1:38:07 PM
This is not a new idea. It has been around since the 70's that I am aware of. Using the tides is another idea floated back then also. These exotic schemes will only work if oil stays very high and is not seen likely to come down.
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CLM06

Champion Author
Tampa
Posts:3,831 Points:947,025 Joined:Sep 2006
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Message Posted: Nov 7, 2009 1:30:16 PM
Initially high but what about maintenance costs dealing with all that salt
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Asbury09

Champion Author
Iowa
Posts:1,510 Points:386,705 Joined:Jan 2009
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Message Posted: Nov 7, 2009 1:29:51 PM
sounds like a Rube Goldberg idea
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balljars

Champion Author
Michigan
Posts:2,825 Points:561,900 Joined:Aug 2008
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Message Posted: Nov 7, 2009 1:29:08 PM
Now there is a new idea. I hope this works out.
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SUPERQUACK

All-Star Author
Sacramento
Posts:625 Points:820,860 Joined:Jun 2007
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Message Posted: Nov 7, 2009 1:27:30 PM
that much money for 10000 homes ?
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AtascaderoHound

Veteran Author
California
Posts:397 Points:554,365 Joined:Oct 2006
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Message Posted: Nov 7, 2009 1:23:55 PM
The fuel is sure cheap!
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milespergallon

Champion Author
Illinois
Posts:4,284 Points:926,235 Joined:Feb 2007
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Message Posted: Nov 7, 2009 1:19:06 PM
Such a simple idea, wonder why it wasn't developed a long time ago.
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Tonester1

Champion Author
New Jersey
Posts:6,763 Points:1,200,145 Joined:Oct 2006
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Message Posted: Nov 7, 2009 1:18:13 PM
I like it.
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Paw5X

Champion Author
Gary
Posts:4,959 Points:1,417,060 Joined:May 2005
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Message Posted: Nov 7, 2009 1:16:32 PM
Hope this works and we can learn something.
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TECH500

Champion Author
Alberta
Posts:3,141 Points:654,655 Joined:Apr 2008
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Message Posted: Nov 7, 2009 1:11:55 PM
Interesting ... lets see how that pans out for them.
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