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Now, to Aussiejeff who mentioned water. Yep, that's what happens when you try and run any catchment or integrated (hydraulically or electrically) group of catchments at greater than 100% of firm supply capability.
Someday you wake up and the dams are empty, an outcome that was 99.99% certain with or without climate change and could be demonstrated years in advance by established modelling techniques (which, by the way, are very similar to how a trading system is back tested).
Solution? There are only two. Either drop consumption to not more than firm supply capability or increase firm supply capability (additional diversions or in some situations storage). They are the only two options that can work, the reasons being physical not political or financial.
Hi Smurf.
Unfortunately, the Authorities have promised irrigators "high security" water through sale of permits. The money appears more important than the water supply?
See page 5 graphs here, which show a pretty scary recent trend in MDB inflows. http://riverinfo.mdba.gov.au/weekly-report/current_wr.pdf
What do you predict will be the outcome if the same trend continues again over the approaching months - ie another dry winter? Will the MDB be screwed?
aj