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Prof Ray Wills
47.2K posts
Prof Ray Wills
@ProfRayWills
On https://t.co/bhjt989Krb
Perth, Australia Katılım Haziran 2012
2.9K Takip Edilen18.3K Takipçiler
Rising cost of fuel already an interest‑rate rise on households and businesses
Higher Aus interest rates don’t fix inflation from rising oil prices, nor tax oil companies gaining a windfall.
Who in Aus pays the price?
Those who can least afford it
linkedin.com/posts/raywills…
Australia Institute@TheAusInstitute
“The RBA’s explanation of its decision demonstrates a central bank utterly lost to reality, which desired to raise rates regardless of economic data and the changes occurring in the world.” - Greg Jericho Read more: theaus.in/47EDS6X
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Energy prices in perspective
Oil price currently ~$100/barrel
- but well under price in 2022-23 when Russia invaded Ukraine
Coal price also up bigly ~$130/ton
- but also not as bigly as the insane 2022-23 price in Russian war on Ukraine (price down as Russia started losing?)
Prof Ray Wills@ProfRayWills
Rising cost of fuel already an interest‑rate rise on households and businesses Higher Aus interest rates don’t fix inflation from rising oil prices, nor tax oil companies gaining a windfall. Who in Aus pays the price? Those who can least afford it linkedin.com/posts/raywills…
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@bradpsychology Has the oil shock ruined your weekend?
How Morrison’s scare campaign backfired on Australia
Numbers writ large
x.com/ProfRayWills/s…
Prof Ray Wills@ProfRayWills
Has the oil shock ruined your weekend? How Morrison’s scare campaign backfired on Australia LNP refused to put clean cars on our roads Instead, we're pumping dirty fuel into our tanks Even worse result in New Zealand, too thedriven.io/2026/03/15/rui… @TheDriven_io
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Your reminder: The Coalition spent a decade delaying the transition to EVs. smh.com.au/politics/feder…
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@tEconomics Yes
So far WTI mostly below 110/barrel
The Fourth Oil Crisis seems different
x.com/ProfRayWills/s…
Prof Ray Wills@ProfRayWills
Energy prices in perspective Oil price currently ~$100/barrel - but well under price in 2022-23 when Russia invaded Ukraine Coal price also up bigly ~$130/ton - but also not as bigly as the insane 2022-23 price in Russian war on Ukraine (price down as Russia started losing?)
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Oil Falls as US, Israel Allay Market Fears
WTI crude futures fell toward $94 per barrel on Friday after climbing as high as $101 in the previous session, as recent remarks from the US and Israel helped ease concerns o...
More here: tradingeconomics.com/commodity/crud…
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Prof Ray Wills retweetledi
The world’s longest continuously running #EV association hosts an EV #rally to highlight benefits of electric cars as world reels from latest oil shock and #fuel prices soar.. thedriven.io/2026/03/12/aev…
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Prof Ray Wills retweetledi
#Strata and apartment complexes are beginning to relent on allowing #EV charging, as demand and evidence like a recent 251-point installation prove it can be done safely.. thedriven.io/2026/03/18/it-…
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World 1.5MBPD displaced by EVs in 2024
China in 2025
Oil market not about the 100 mbpd we use, but the 1-2 mbpd YOY change
Oil markets break on variations > 1-2MBPD
China's vehicle fleet electrification has just removed 250ML/day of China's demand - or >1.5MBPD
The Driven@TheDriven_io
#Iran war highlights how #oil has become the Achilles Heel of the global economy. #EVs have already avoided equivalent of 70 pct of Iran's exports, and could do more.. thedriven.io/2026/03/19/glo…
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AER now explicitly validating what our @FSS_Au work's been demonstrating for several years:
more wind and more batteries pushing wholesale prices down and opening the door to actual bill cuts, even with fossil‑fuel risks still in the system
reneweconomy.com.au/the-rise-of-ba…
Renew Economy@renew_economy
#AER flags cut in cost of electricity for households and businesses across the #NEM, as wholesale power prices get the benefit of more wind and big batteries.. reneweconomy.com.au/more-wind-and-…
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@wintonARK Electric harvest
100x more energy from 1ha solar panels, harvested every day as electricity,
than from 1ha soy beans, harvested once/year to be converted, to make biofuel
400W solar panel yields 1200-1700W varying with location
x.com/ProfRayWills/s…
You have to buy more oil
Prof Ray Wills@ProfRayWills
A decision reaching financial investment decision (FID) to build a solar farm today will result in an operating solar farm in 2028 A decision taken to build a coal-fired power station today will result in an operating coal plant in 2032 Nuclear? At least 2034, likely longer
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a barrel of oil can provide as much electricity as a 400W solar panel does annually.
a barrel of oil runs $92 and comes with a few minor logistical complications.
this year the solar panel should run less than $90; you can order online, ships in a week.
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@sydney_ev Trolls busy today with usual grab‑bag: “EVs always on fire/ grid'll collapse/ EVs bad for envt”
But no data
As we know
- EVs cut lifetime emissions
- smart charging + storage means EVs help grid reliability
- EV fires hugely < ICE fires
x.com/ProfRayWills/s…
Thnx 4 +ve post!
Prof Ray Wills@ProfRayWills
@LucyTurnbull_AO Yet occasionally we step backwards Allowing dirtier fuel in Australia would've been avoided if we'd gone faster last decade x.com/ProfRayWills/s… Had we treated EVs seriously in 2019, we’d have >3 times as many EVs on the road today, already saving us that 100Ml fuel / month
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This is brilliant. So many against EVs as they can’t be charged at home by people living in units. They never offer solutions, or even criticise solution. Well now we have a solution that works!
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@KimCarrera007 @GregMcgarvie @LucyTurnbull_AO @QuentinDempster @JosieMcskimming If you want to see how the world will change,
look to China
x.com/ProfRayWills/s…
Prof Ray Wills@ProfRayWills
@johnrhanger If you want to see how the world will change, look to China market right now China always one to watch on clean tech #China is doing what China said they'd do Go big at home My thoughts on China in this interview still on track twitter.com/ProfRayWills/s… #renewables #EVs #lithium
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@ProfRayWills @GregMcgarvie @LucyTurnbull_AO @QuentinDempster @JosieMcskimming Ok but what ever China is doing ,, let’s do that
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The penny drops: EVs are far cheaper to run per kilometre than petrol/diesel vehicles. 👇This, folks, is the game changer. We won’t have to rely on supply/price manipulative corrupt global cartels. + Public health benefit = no particulate pollution.
Chris Meder@EVCurveFuturist
Driving electric is up to 4× cheaper than petrol. 100 km costs: ⛽Petrol: $22–$33 ⚡EV (home, 6pm): $5.90 ☀️EV (midday solar): $1.20 Same distance. Massive difference. Plus no servicing or oil changes. Around $4k saved every year —a family holiday instead of fuel bills.⚡
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@KimCarrera007 @GregMcgarvie @LucyTurnbull_AO @QuentinDempster @JosieMcskimming as does Australia - when it suits them.
FIRB doesn't have a 50% domestic‑ownership rule but it does run a highly discretionary screening regime (FIRB) imposing ownership / governance conditions in sensitive sectors, conditions can be perceived as unevenly applied
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@GregMcgarvie @ProfRayWills @LucyTurnbull_AO @QuentinDempster @JosieMcskimming China also requires a 50% ownership in the foreign industries building in China
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Prof Ray Wills retweetledi
I’m calling it.
All the climate change obfuscaters and deniers and trolls and RWNJs can just permanently fuck off.
With alacrity.
Prof Ray Wills@ProfRayWills
I'm a scientist Here's a pile of data Only been doing this since 1988, so let me check I've not got something wrong? <Checks notes> Huh, no, no, I haven't Humans have no evolutionary experience of the climate that's coming That's a fact #ClimateCrisis twitter.com/ProfRayWills/s… +🧵
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@DavidPocock doing some recycling - old posts on what if Australia didn't import oil, but instead we had an electric fleet and powered Australia's vehicle fleet with renewables generated in Australia
x.com/ProfRayWills/s…
(I've been on this a while!)
Prof Ray Wills@ProfRayWills
@AEVA_National @HorizonPower_WA @plugshare @benwyatt @JoshFrydenberg @MarkBaileyMP @simonahac @takvera @Jackthelad1947 @arikring @TomRaftery @BjornKHaugland @elonmusk @SynergyEnergy @tesla_wa @aeva Electric semis big savings over diesel >25% fuel cost saving est. base on Tesla truck $0.6/km v diesel $0.83/km or $230k/1mn km Add fast chargers Update Aus 11k fleet to #EVs trucks by 2023 Supply renewables from local gen -> reduce transport cost, Aus oil imports, trade deficit
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Australia burns through about 25 billion litres of petrol and diesel every year. Replacing petrol cars with EVs would cut our reliance on expensive imported foreign fuel.
But EVs still make up only about 2% of Australia’s 20 million vehicles.
More affordable EVs & a strong second-hand EV market can help more Australians afford the switch while strengthening our energy security.
theguardian.com/environment/20…
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@LucyTurnbull_AO @QuentinDempster @JosieMcskimming Look who also builds the most electric trucks in the world
bsky.app/profile/profra…
Maybe we should be doing more business with China to ensure Australia's energy and economic security rather than backing AUKUS to secure our trade routes - to China?
AFAF
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@QuentinDempster @JosieMcskimming Exacrly. Harder to do with refrigerated trucks and heavy freight. Hopefully solved before too long. EVs wherever possible are compelling for both cost and fuel security reasons. The less dependency on fossil fuels nationally, the stronger we are. Let’s not waste this moment.
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@QuentinDempster If only we started earlier
And then the oil shock wouldn't have ruined the weekend
bsky.app/profile/profra…
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