Petroleum Companies Make Run Away Profits
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Can we expect 'no brainers' see beyond the 'one-liners' ?
I will repeat again. Singapore don't use oil or petrol for power generation you stupid boy! Wake Up and smell the coffee!
Reprint extract and highlighted key words from last post above:
"Should petrol / oil be taxed when there are a host of industry and commerce that are dependant on the final products that utilize petrol and/or oil ?
Electricity generating is dependant on petrol / oil and its cost will input into the cost of services and products passed on to the Singapore consumers. "
Only 'no brainer' will pick the wrong choice to argue for the sake of having a brainless argument. -
Powerplants uses diesel rite..?
yeah la.. petrol prices wont go down la.. dream on.. motosits can only pay quietly like good dogs.. UNLESS SOME PEOPLE GONNA STAGE A PROTEST then MAYBE we see something.
So, maybe can take taxi.. -
Originally posted by Salman:
Before you make more 'no brainer, one-liners' that insult the intelligence of others, try to post some 'proof and evidence' that you demand from others.
I will repeat again. Singapore don't use oil or petrol for power generation you stupid boy! Wake Up and smell the coffee!
You are in a deep self-delusionary slumber that coffee cannot wake you, and we have no sympathy for your pathetic 'whining' towards others.
Can we expect any honesty from you - even to some 2005 facts printed here :-
SINGAPORE POWERSERAYA EYES COAL CONVERSION PLAN
SINGAPORE, June 30 (Reuters) - PowerSeraya, Singapore's second-largest power generator, may convert idle, oil-fired electricity units to run on coal or other fuels in the face of high prices, the company head said on Thursday.
The move is part of Singapore's broader effort to reduce its dependence on fuel oil, the country's primary source of electricity until the start of this decade.
State-owned PowerSeraya is in the final stage of a study on switching 500 to 750 MW of generation -- half its oil-fired capacity -- to run on other fuels. It would then be able to switch between the two fuel sources at will.
"We are not just looking at the switch to coal. It is just one of the alternative fuel options we are looking at," managing director Neil McGregor told Reuters.
The company would take another six to 12 months to secure approval for a change from the Ministry of Environment, which manages emission standards.
McGregor said the project would cost about S$450 million to S$600 million ($270 million to $360 million), the same as a new 750 MW dual-fuel combined-cycle generator.
An industry source said PowerSeraya aimed to commission a coal-powered generator in 2007-2008 if the board approved the project but the exact date would depend on approval from the Ministry of Environment.
PowerSeraya, owned by state investment agency Temsasek Holdings [TEM.UL], and other power generators want to lower costs in a competitive and oversupplied market. The oil-fired generation capacity, used only for back-up, is idle because it is more expensive than combined-cycle units.
About 50 percent of Singapore's capacity is built to run on fuel oil, diesel and orimulsion, but 80 percent of daily demand is met from gas-fired combined-cycle units, industry sources say.
Singapore's total generating capacity is 10,106 megawatts, while peak demand is around 5,100 MW, government figures show.
PowerSeraya, which has 27 percent of the country's capacity, has 750 MW of combined-cycle generation, 750 MW of new orimulsion-fired capacity -- commissioned this week -- and 1,600 MW of oil-fired steam generation. Oil prices have doubled in the past two years, raising costs dramatically for oil-fired power producers, but coal costs have also risen as China's rapidly rising electricity demand draws in more of the black fuel.
"The (coal) commodity's price has been on the high side this year, and we will continue to monitor the situation," McGregor said, adding that PowerSeraya would seek coal from an unnamed nearby supplier.
Indonesia, Australia, China and South Africa are major coal exporters to Asia. A switch will not mean a direct reduction in the company's fuel oil inventories, since it could still hold oil reserves as back up for gas or coal generation, industry sources say. Power companies in Singapore are required to stock 45 days of fuel stocks and ensure suppliers hold another 45 days.
An industry source estimated the company's fuel oil stockpiles for 45 days would be around 260,000-270,000 tonnes, based on its average operating rate. McGregor declined to give an estimate of the company's current fuel oil stocks.
This year, Taiwan halted fuel oil imports as Taiwan Power, the country's main producer, switched to cheaper fuels such as liquified natural gas (LNG) and coal.
Your 'no brainer, one-liner' could be true in 2007 and 2008 - so dream on and delude yourself until then. .
"STUPID BOY" - who ? Who ? . . -
It says idle oil fired generator you dummy! Thats means we don't use oil to generate electricity.
We used to, but we don't any more.
Wake up and smell the coffee before you read! -
Originally posted by Salman:
Brilliant reading ability that you have, nit picking to find the tree and lose sight of the entire forest.
It says idle oil fired generator you dummy! Thats means we don't use oil to generate electricity.
We used to, but we don't any more.
Wake up and smell the coffee before you read!
Did you miss out this paragraph in my last post, in your hurry to post your "no brainer lines" ?"PowerSeraya, which has 27 percent of the country's capacity, has 750 MW of combined-cycle generation, 750 MW of new orimulsion-fired capacity -- commissioned this week -- and 1,600 MW of oil-fired steam generation. "
If the PowerSeraya has 27 percent of the country's capacity but operates 3/4 of its power output with oil fired steam generation producing 1,600MW - how much idle capacity does it possess ? .
Just in case you still insist to justify your views, perhaps you should also look into this report -
Singapore power firms managing thinning margins - of which an extract is taken and reprinted as follows:SINGAPORE, July 12 (Reuters) - Singapore power utilities are facing rigid wholesale electricity rates and soaring fuel costs, but their risk management strategies are kicking in to mitigate the shrinking margins.
If we can believe your "no brainer, one-liner" position - that all the power generating capacity is with NON-OIL FIRED generators - why is the Power Authority insisting to peg their costs to the fluctuation of oil prices ? .
The movement between power and oil prices has not been in sync in the past three months due to excess generating capacity, cut-throat competition and state-regulated spot electricity rates.
Wholesale electricity prices in the city-state have been locked in a narrow band of $100-$110 per Megawatt hour (MWh) for the past three months.
This is despite U.S. crude prices soaring to a record-high of $62.10 a barrel last Thursday, after hovering above $55 for the past few months, supported by concerns over strong demand outstripping the global refining capacity and fund buying.
Average wholesale power rates in April and May were pegged at $99.86 and $109.16 per MWh, respectively, and June prices were estimated around $110 per MWh.
"In any other country, the electricity pool (wholesale) price would have shot through the roofs when oil prices hit record highs," an industry source said.
Is someone trying to cheat the Singapore Consumers ? .
Perhaps it will be better for you to take your own advise in the need to a strong cup of coffee to clear your idle brain that prefer to be deluded with your characteristic "no brainer, one-liners". . -
Hello Salman,
Are you still having your "coffee break" ? .
No more wisdom from your "no brainer, one-liners" ? .
Still trying to figure out what happened to the oil that popped up in your "coffee" ? .
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First of all, tell me how much of singapore's electriciuty is generated by oil and what is the tax for oil for power generation.
Once you have answered both these questions, both you and Robert Teh's charges will be dismissed for sure. Try it. -
Some progress from the characteristic "one-liners" but unfortunately still featuring "no brainer" lines. .Originally posted by Salman:First of all, tell me how much of singapore's electriciuty is generated by oil and what is the tax for oil for power generation.
Once you have answered both these questions, both you and Robert Teh's charges will be dismissed for sure. Try it.
It looks like you still have not had one sip of the black coffee that you have recommended, or could it be that you realise that in the cup is simply 'black crude' ? .
Can you tell "one end of a number from the other end", when your small mind can only understand the "MAJORITY of ONE" ? .
Make it simple, we can be flexible and if we accept your stand that Singapore Power DO NOT depend on oil for power generating, why is the Utility Prices governed by the movement of world oil prices ? -
You see, you run away from the line of argument again. My one liners keep flooring you.
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Dream on with your cup of "black crude" - only you can believe that your "no brainer, one-liners" can floor anyone. .Originally posted by Salman:You see, you run away from the line of argument again. My one liners keep flooring you.
You cannot even answer a simple question based on facts, and you expect any one to answer your question based on your own "no brainer, one-liner" fantasy ? .
From a report titled - Singapore power firms managing thinning margins - even Singapore Powers have stated so clearly that :The movement between power and oil prices has not been in sync in the past three months due to excess generating capacity, cut-throat competition and state-regulated spot electricity rates.
If we can believe your "no brainer, one-liner" position - that all the power generating capacity is with NON-OIL FIRED generators - why is the Power Authority insisting to peg their costs to the fluctuation of oil prices ? .
Wholesale electricity prices in the city-state have been locked in a narrow band of $100-$110 per Megawatt hour (MWh) for the past three months.
This is despite U.S. crude prices soaring to a record-high of $62.10 a barrel last Thursday, after hovering above $55 for the past few months, supported by concerns over strong demand outstripping the global refining capacity and fund buying.
Is Singapore Powers trying to cheat the Singapore Consumers - with the support of the Singapore Government a.k.a the Ruling Political Party ? .
Are you in self-denial mode ? .
It is quite easy to be on a constant high and be in continuous delusion - just drink more "Black crude" . .