“WHAT WILL YOU DO IF ELECTED TO ENSURE THE ENERGY SUPPLIES OF THE ELECTORATE FOR THE NEXT THIRTY YEARS?”
Make no bones about it, this is a loaded and VERY TOUGH question.
May I suggest you consider the following points?
-Even though Australia is one of the few countries to have increased the URR* of its coal reserves and has reasonable natural gas reserves, we have no synthetic fuel plants and are a net importer of oil.
-Most countries have not revised their coal reserves since the 1970’s and those that did revised their URR downwards (worst case example, Poland 60bmt -> 1.1bmt*)
-OPEC’s stated reserves since 1980 have not changed and were revised upward at the same time to allow a greater export/reserves ratio for OPEC members, thus making those stated reserves somewhat dubious.
-Most likely Australia will come under increasing pressure to sell it’s natural gas and coal to other countries, e.g. China
-World C&C* production seems to have plateaued at ~86mbpd* due to large declines in Canterell (Gulf of Mexico) & North Sea oil fields. Even new mega-projects like Haradh 3 in Saudi Arabia (300kbpd) are only offsetting declines in other wells in Ghawar.
-Local consumption of oil in OPEC countries and Russia is increasing (Iran >26% in 5 years). This leaves less and less to export to other countries.
-World indium supplies (used in photovoltaic panels) are tight.
-We have no nuclear plants and no uranium enriching capability.
-Drought and water availability is affecting food production, leaving little scope for biofuel production.
-All energy transition strategies will need fossil fuel inputs in an ever-tightening market.
-Development in the electorate continues apace based entirely on the cheap availability of fossil fuels.
* Ultimately Recoverable Resource – how much you can get out as opposed to how much is in the ground
* mbpd – million barrels per day
* Crude and Condensate – essentially crude oil less natural gas liquid products like butane and propane.
*bmt – billion metric tons