{"id":5805,"date":"2012-10-23T19:29:02","date_gmt":"2012-10-23T23:29:02","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5805"},"modified":"2012-10-23T19:29:02","modified_gmt":"2012-10-23T23:29:02","slug":"australia-submarine-folly","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/23\/australia-submarine-folly\/","title":{"rendered":"Australia: Submarine folly"},"content":{"rendered":"<p>The Australian government is poised to commit to building 12 new diesel submarines at a cost of $40 billion without even considering the option of more efficient, more powerful, nuclear-powered alternatives.<\/p>\n<p>Simon Cowan, author of <a href=\"http:\/\/www.cis.org.au\/publications\/policy-monographs\/article\/4589-future-submarine-project-should-raise-periscope-for-another-look\" title=\"CIS: Future Submarine Project Should Raise Periscope For Another Look\" target=\"_blank\">Future Submarine Project Should Raise Periscope for Another Look<\/a>, released today by The Centre for Independent Studies, says the government risks repeating the mistakes of the current Collins Class submarines, with high running costs and reliability issues.<\/p>\n<blockquote><p>&#8220;Australia needs world-class submarines and the US Virginia Class looks like the best option.&#8221;<\/p>\n<p>&#8220;Nuclear-powered submarines are superior in almost every way to diesel-powered submarines \u2013 they can travel further, faster and stay deployed for longer, and they have more powerful weapons, systems and sensors.&#8221;<\/p>\n<p>&#8220;However, the government has refused to consider nuclear-powered submarines for reasons that don\u2019t stack up.&#8221;<\/p>\n<p>&#8220;Safety considerations are important when talking about nuclear power,&#8221; Cowan notes, &#8220;but the safety record of the US Virginia Class is flawless. These subs don\u2019t carry nuclear weapons and never need refuelling \u2013 and if Australia leases them from the United States, the US could dispose of spent nuclear material.&#8221;<\/p>\n<p>&#8220;Australia could also save more than $10 billion by leasing eight Virginia Class submarines and up to $750 million a year on operational and maintenance costs as well.&#8221;<\/p><\/blockquote>\n<p>via <a href='http:\/\/ht.ly\/2sPC6d'>Axe dud subs and look to nuclear option, says new CIS report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian government is poised to commit to building 12 new diesel submarines at a cost of $40 billion without even considering the option of more efficient, more powerful, nuclear-powered alternatives. Simon Cowan, author of Future Submarine Project Should Raise Periscope for Another Look, released today by The Centre for Independent Studies, says the government &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/23\/australia-submarine-folly\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Australia: Submarine folly&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,29],"tags":[736,2520,3277,3568],"class_list":["post-5805","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-the-big-picture","tag-collins-class","tag-nuclear-powered","tag-submarines","tag-us-virginia-class"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia: Submarine folly - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia: Submarine folly - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The Australian government is poised to commit to building 12 new diesel submarines at a cost of $40 billion without even considering the option of more efficient, more powerful, nuclear-powered alternatives. 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It\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28705,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/11\/11\/mega-trends-decarbonization\/","url_meta":{"origin":5805,"position":2},"title":"Mega-trends: Decarbonization","author":"Colin Twiggs","date":"November 11, 2021","format":false,"excerpt":"Decarbonization is expected to have a profound impact on the global economy over the next thirty years. The Paris Accord in 2015 set the goal of achieving a climate-neutral society by 2050, in order to limit rising global temperatures from man-made CO2 emissions. Implementation got off to a slow start\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Carbon Emissions by Industry","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-04-carbon.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-04-carbon.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-04-carbon.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-04-carbon.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":6668,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/10\/electric-version-of-holden-commodore\/","url_meta":{"origin":5805,"position":3},"title":"Electric version of Holden Commodore","author":"Colin Twiggs","date":"February 10, 2013","format":false,"excerpt":"Barry Park at Drive.com.au takes a ride in a battery-powered version of Holden\u2019s popular family car: EV Engineering, the Port Melbourne based start-up that has taken nine Commodore family cars, gutted them of their V6 and V8 petrol drivetrains and replaced them with swappable batteries, a recharging cord and a\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8541,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/07\/pro-nuclear-greenies-thinking-outside-the-box-with-pandoras-promise\/","url_meta":{"origin":5805,"position":4},"title":"Pro-nuclear greenies? Thinking outside the box with Pandora&#8217;s Promise","author":"ColinTwiggs","date":"October 7, 2013","format":false,"excerpt":"Ben Heard and Prof. Corey Bradshaw highlight the environmental and economic damage caused by pursuit of nuclear-free power. Had Australia deployed a modest nuclear program starting in 1965, to build slowly to around 20% of electricity provided (as done in the USA), over 876 million tonnes of carbon dioxide equivalent\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60615,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/01\/27\/deepseek-upsets-big-tech\/","url_meta":{"origin":5805,"position":5},"title":"DeepSeek upsets big tech","author":"Colin Twiggs","date":"January 27, 2025","format":false,"excerpt":"The Nasdaq QQQ ETF fell 2.9% on news of a Chinese breakthrough with artificial intelligence (AI) large language models. Nvidia (NVDA) fell almost 18% on Monday, with Alphabet (GOOGL) down 5% and Microsoft (MSFT) down 2.2%. DeepSeek's R1 model performs impressively against big tech models from Open AI and others\u2026","rel":"","context":"In &quot;Artificial Intelligence (AI)&quot;","block_context":{"text":"Artificial Intelligence (AI)","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/artificial-intelligence-ai\/"},"img":{"alt_text":"Invesco Nasdaq 100 ETF (QQQ)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-01-27-qqq-w.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-01-27-qqq-w.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-01-27-qqq-w.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5805"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5805\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}