Crude water

An article this morning in the SMH details how Coca-Cola Amatil will be able to take up to 66 million litres of water from Mangrove Mountain on the NSW central coast. This water will be used to sell to us as bottled water, and is up from the initial allocation of 25 million litres.

Now I am as guilty as anyone of drinking bottled water, but when you read that each bottle takes up to a fifth of a litre of crude oil to produce, and that the water is “identical to tap water” it does make me wonder why I do it. When I am at work I try to use the filtered tap water instead of buying new bottles – which also means that it is cheaper for me.

I guess drinking bottled water from the NSW central coast is a lot better than buying bottled water that has been imported from Italy or France, but shouldn’t we all be trying to reduce our carbon footprint. Not only does it save us money, but can help the planet.

Climate Change Forum

Our friend scaper wrote on the weekend thread:

On Tuesday night I’m attending one of those government climate change forums.

I will be covering the development of the MDS utilised as a water transfer network, the need for native rehabilitation in the mix, encouraging new technologies to set up manufacturing in Australia but not GSC.

I would like to hear your opinions on these subjects to perhaps broaden my platform before I put it together.

I thought I’d put it in a new thread to let us post comments better.

🙂

We’re Saved….? (Updated).

Congress has passed the $700 billion dollar rescue plan to rescue Wall Street, however investor sentiment remains poor. US stocks fell heavily after the plan was passed.

According to John Ogg, a analyst at financial website 24/7 Wall Street “The economy was toast without this package” he said .

“But the economy is still likely going to suffer and enter into a recession … This bill may not be enough and it may already be too late.”

Government data showed today the struggling US economy lost 159,000 jobs in September as the weight of the housing collapse and credit crunch hit a broad swath of industries.

Not sure about you, but I believe that we’re heading for rough times. The company I work for has already decided that it won’t be replacing staff that resign (through normal attrition) and some redundancies may be necessary if conditions don’t improve.

Recent reports indicate that the Real Estate market remains stagnant with house prices falling in most Australian States.

How do you feel..?

UPDATE:

Oct 6: The Australian share market has fallen to its lowest level since 2005.  The dollar has also slumped to its weakest against the US dollar in two years.

In early afternoon trade, the benchmark S&P/ASX 200 index was down as much as 168.3 points, or 3.6%, to 4527.1.  The slide took the index below the 4,600-point level touched during last month’s market panic after the failure of US investment bank, Lehman Brothers.

Shares continue to be buffetted by worries about the weak US economy, the efficacy of the $US700 billion ($900 billion) financial markets rescue plan, and concern about how the spreading crisis will hurt Australian companies, said James Drohan, private client adviser at Ord Minnett.

“The bail-out will probably work but it won’t be a quick fix,” Mr Drohan said. The package has improved the sentiment for some investors but there remains some doubt about how effective it will ultimately be in resolving the banking crisis, he said.

On top of the US Government’s action last week, worse-than-expected job losses weighed on the US market and discouraged local share investors.

“What we are left this quarter and maybe next is a US economy to all intents (finally) in a recession as evidenced by manufacturing, retail sales and now labour market measures.”

Full story here