Nick Young 1d ago

BOOM!
South Australia's power prices have plummeted as they near 100% renewables, proving to the world that relying on wind and solar with battery back-up is possible, more reliable and costs people less.

THIS is how we avoid the next oil crisis.

#EnergyRevolution #solar #renewables #australia #makeoilhistory #auspol #NZPol #NewZealand #iran

https://www.newscientist.com/article/2514985-this-states-power-prices-are-plummeting-as-it-nears-100-renewables/?utm_source=nickofnz&utm_medium=nickofnz

This state’s power prices are plummeting as it nears 100% renewables

South Australia is proving to the world that relying largely on wind and solar energy with battery back-up is incredibly cheap, with electricity prices tumbling by 30 per cent in a year and sometimes going negative

New Scientist
Show threadBaron Vonskinnback
@nickofnz this is a great start, but it doesn't replace packaging, fertiliser, petroleum byproducts that are used in virtually every production process on the planet, there is still a long way to go...
Apr 12 at 10:26amTusky
Show threadHoward Chu @ Symas1d ago
@Vonskinnback @nickofnz when you stop burning petroleum as fuel, the amount available for chemical/industrial uses increases. According to wikipedia, currently 84% of petroleum produced globally is burned as fuel. Eliminate that and other use cases get 5x cheaper.
Show threadLovesTha🥧19h ago
@hyc @Vonskinnback @nickofnz that isn't how price/demand curves work, they aren't purely linear.
If nothing else most oil mined today has a unit cost price will above that price, so if that is the price supply plummets.
Show threadHoward Chu @ Symas18h ago
@LovesTha @Vonskinnback @nickofnz even so, that's not what's really important. What's important is that the remaining supply will last 5x longer if we stop burning so much of it.
Show threadLovesTha🥧15h ago
@hyc @Vonskinnback @nickofnz And while plastics are an issue themselves, they are a problem on a slower burn than climate, so still a net benefit.
Show threadJan Antoš6h ago
@hyc @Vonskinnback @nickofnz not true, you will produce less oil/petroleum and whatever chemical, those prices will ho horribly up, you will still need the similar infrastructure, where it needs to be paid for, so smaller amount of units -> higher price to pay for infrastructure. Simple economics. And no I am not defending the burning of oil ;-) however on the other side we need to significantly improve batteries at least for electromobility. And also figure out hiw we will recycle current ones, the pain we will have in lets say 2 decades.
Show threadHoward Chu @ Symas5h ago
@janantos @Vonskinnback @nickofnz China has already worked out the battery recycling https://carnewschina.com/2026/04/05/china-issues-new-policy-to-standardise-lithium-battery-recycling-extending-ev-lifecycle-oversight/
China issues new policy to standardise lithium battery recycling, extending EV lifecycle oversight

China introduces new recycling measures alongside battery traceability rollout, advancing lifecycle management across electric vehicles and lithium battery supply chains.

CarNewsChina.com
Show threadJan Antoš4h ago
@hyc @Vonskinnback @nickofnz given the fact how China historically dealt with ecology impact of their industry I would take this with big grain of salt. Good chance it is just state propaganda. Not mentioning the article speaks only about business process, not recycling technology. Reminds me, when communist party in my country was telling all good, our industry working on 105%