Market realities hit hydrogen hopes

It is seen that there is a connection between unsuccessful hydrogen power projects and artificial intelligence and should serve as a warning for all Australian governments and businesses. In the simplest, hydrogen lesson is ‘Attention Yes-Men’.

Fortescu, WoodSide Energy and BP are the latest companies that admit that hydrogen is a more difficult energy source than the accepted administration while trying to commercialize the brave, but failed gas.

As the hydrogen entered the race, three major companies were applauded by environmentalists and governments who helped financing in some cases. Some people warned that this was a meaningless exercise, but they drowned by yes-man.

The acquisition time came when governments wanted their money back; A demand that some shareholders may also consider, because hydrogen was always a lost reason for industrial -scale power production using known technology.

Those with hydrogen can be explained by the belief that radical, unprotected, solutions are necessary to slow down climate change.

In a fun way, most of today’s hydrogen defenders were the opponents of yesterday’s nuclear energy, but now to admit that it is not part of the nuclear nuclear problem, but part of the solution.

Hydrogen explains why hydrogen cannot work as promised, as it is aware of, because considering the lack of hydrogen ‘volumetric’ energy density. In other words, hydrogen contains a lot of energy, but occupies too much space, which makes it difficult to store and move.

Like the opportunity to be kidnapped with nuclear, the wrong charm of hydrogen has led to a major loss of money by anyone who always believed that it could dominate a gas that is always a challenge.

Hydrogen has gained such a strong follow -up, because the same psychological power that drives hydrogen investments seems to be working in the AI ​​software that produces similar approval bias.

Harvard Business School Research Assistant and Bloomberg columnist Gautam Bütunda warned last month that he was “AI final yes man, because he usually tells people what they want to hear rather than right.

The reason why AI behaves like this is that most of its models are caused by “strengthening learning from human feedback ,, a statement known as Gigo (garbage, garbage output).

In other words, some AI programs are trained to satisfy the interrogator with proud or acceptable answers. Actually, Sycophantic.

It has returned to the first years of the hydrogen revolution that has emerged so far, and the same has emerged, and the hydrogen enthusiasts who demanded that companies and the government’s favorite fuels are with a cheer team.

Hydrogen believers won the government’s ear, while the skeptics were dismissed ignorant.

Even Elon Musk, the founder of Tesla, was ignored when he rejected “hydrogen cars in unimaginable stupid”; It is now an expansion of the wider hydrogen economy (until one of the gas conquers).

More importantly, acknowledging that Fortescu, Woodside and BP is not yet a commercial source of energy, seems to have left no impression on the Australian government determined to print with hydrogen.

Perhaps no one in the government does not understand the meaning of an expression associated with Albert Einstein, madness is doing the same thing again and again and waiting for different results.

Profit center

Regarding the causes of missing, Rio Tinto has one naive to shift his head office from London to Perth because he wins most of his wife here, and now a Western Australian Simon Trott, General Manager of Simon Trott.

The reason why Rio Tinto does not change the head office is as simple as asking who owns the company because most shareholders live in the British or Europe or the United States.

If the place where a company earns most of its money is considered as the head office test, Wesfarmers should pass to Sydney or Melbourne, where most of the largest business units – Bunings, KMart, OfficeWorks and Wesfarmers Health – most of their profits.

A list to be kidnapped

A recent ASX list was selected from the top 10 five WA businesses.

Unfortunately, the list of Paladin Energy, Boss Energy, Pilbara, Mineral Resources and LionTown Resources believes that investors’ share prices are higher than the probability of falling.