Update for those interested.
Fifteen people confirmed dead in floods, 12 people for whom grave concerns are held, 45 people missing or unaccounted for.
Police have initiated anti looting squads in city and areas affected by floods.
Anna Bligh (state premier) indicates $A20b flood damage to Southern Queensland only.
12 thousand homes inundated whilst and overall 26k homes have suffered flood inundation to some degree, and a new peak of the Brisbane river forecast.
120k housed are without electrical supply.
Queensland's major fresh food markets and dry food storage warehouses are under water at Rockleigh and cannot be serviced. Most food within them will probably be written off thereby causing statewide food problems.
Not only will State and other Australian states be affected by this huge weather event, it will be a global problem to some degree, greater in some countries and less in others, obviously. Nevertheless, I suspect it will impact to a reasonable degree on worldwide food prices.
For instance Australian grain crops were estimated to be one of the greatest in history. Most grain areas had moderate rainfall last year after the big dry. A major proportion of these areas are now under water and anecdotal evidence (TV interviews from farmers, agricultural associations, and various forums)at this stage, seem to point to about 60% total crop losses. I would think, that as with coal, a "force majeure" may be called for upon all raw grain products.
Petrol is running short in some communities with ports unsafe to unload bulk fuel due to turbulence caused through flood waters and road supply deliveries cut because of road wash outs. This applies from the north - Rockhampton to basically the whole length of the N.S.W. border.
The attached tail end of this devastating weather system has now hit the southern state of Victoria today, and has caused massive crop losses and flash flooding. There have been no reported deaths.
The above's Bad News? To the north of us there is now a tropical low, a cyclone (hurricane) precursor, formed and tracking west to Aus. There is also a cyclone T.C. Van in the Pacific ocean heading WSW i.e. to Aus. The potential of these systems will probably not be know for about two days or so.
Santos has announced (ABC News24) slight delay in beginning $18b LNG project. The project is to recover apx. 1.44bb oil equivalent which is based on a 50% recovery estimate and equal to about 4.003 petajoules. Old Santos site describing project which was approved for operation today by State Government. Sydney Morning Herald
http://www.smh.com.au/business/santos-r ... -nm1c.htmlCurious - folk, probably not affected by the floods, and to all intent and purposes wandering the streets gawking - as power to all flood affected parts of the city, and also to some unaffected businesses on the same grid - is shut off - are criticizing military helicopters flying around an landing in town areas and parking vehicles which are involved on emergency missions in city and suburban streets.
Edit 1 ; Business review:
http://www.businessday.com.au/business/ ... 19m3v.html