“We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.” – Warren Buffett
“Suggesting that renewables will let us phase rapidly off fossil fuels in the United States, China, India, or the world as a whole is almost the equivalent of believing in the Easter Bunny and Tooth Fairy.” – James Hansen (The Godfather of global warming alarmism and former NASA climate chief)
“Renewable energy technologies simply won’t work; we need a fundamentally different approach.” – Top Google engineers
AUSTRALIA’S once key economic advantage and proud boast of having the cheapest power prices in the world has been sacrificed at the altar of climate change by its politicians’ obsession with global warming theory and subsequent mad rush into large-scale unreliable ‘energy’ sources – wind and solar.
BIPARTISAN appeasement to the UN climate gods has come at a major cost to Australian businesses and households, now exposed to some of the highest power prices in the world, South Australia officially the highest.
JUST as socialist central planning failed miserably before it was replaced by free market economies, green central planning will have to be discarded before Australia will see a return to energy security and competitive pricing.
TWO must read articles via the IPA and Australian columnist Chris Kenny, exposing the entirely man-made energy crisis that is crippling industry and eroding the living standards of everyday Australian’s…
The Destruction By Government Of Australia’s Electricity Market
Throughout the western world over the last 20-30 years in particular, we have witnessed the tightening hand of the state, which has become ever more bold in insisting where and how we live, who we can work for or employ, what we can say and think, whose car we can get into, whose home we can stay in, and what we’re allowed to put into our mouths.
But these remarks are about how government intervention has destroyed the electricity market in Australia and throughout much of the western world, and what it means for personal and economic liberty, now and in the future.
Let me start by outlining what a market should be, and how it should work with electricity.
A real market is simply a place where consumers and producers meet, and agree on a price and means to satisfy consumer demand.
A real electricity market is one open to all fuel technologies – coal, gas, uranium, wind, water or the sun. Where producers compete to grow market share and increase their profit based on efficient production, with all consumers – household and business – the winners.