Australia’s Energy Debacle: Politicians Fiddle While Rome Burns

turnbull-frydenberg

So Josh, ‘inaction’ really is a valid policy approach?

***

Alan Moran needs no intro to STT followers. Here he gives the morally bankrupt idiots that pretend to govern us a well-deserved spray, over the energy debacle that has turned Australia – once an energy power house – into an international joke.

Trump and Australian political dithering over energy costs
Catallaxy Files
Alan Moran
17 January 2017

What is wrong with these people?

We have state leaders from South Australia, New South Wales and Queensland purposely rejecting the low cost energy option of coal that nature has provided and opting for renewables that will always cost three times as much. And we have an apparent consensus of politicians in Victoria, New South Wales and Tasmania rejecting fracking, the technology that has rescued US energy supplies and proven itself harmless in spite of a million wells having been drilled.

Today Matt Canavan has raised the issue of new coal fired generators. That is such an obvious route that it is seldom suggested by politicians. We can have endless power at one third the cost of wind and with an ocean more reliability but we have demonised the product so much that it is difficult to see anyone investing without a government assurance against regulatory expropriation.

Tony Abbott has once again proved himself to be a superb leader when not actually in government by counselling the undeniable benefits of getting rid of the renewable subsidies that cost us $4 billion a year and wreck the competitiveness of the electricity supply while also undermining its reliability.

Unfortunately, Turnbull’s response has been to assemble a commission under the Chief scientist Alan Finkel whose preliminary report is predictably off the planet in proclaiming the future lies with renewables and consumers want these (as they do if governments force them to!)

In response to Abbott’s proposal both Canavan and Energy Minister Josh Frydenberg (presumably under political directives) are ruling out canning the subsidies to renewables on grounds that the subsidy is legislated. On such a basis we would never have dismantled the border tariffs that held back our living standards for 50 years. Having a bunch of rent seekers force through a subsidy and then say we cannot touch it for 15 years is a prescription for economic decline.

The latest patch up of the fall-out of this is a new series of subsidies to keep the Alcoa Portland aluminium smelter in operation. We are likely to see a repeat of the endless government support to keep car plants in business, support needed because we refused to allow market forces to tackle the elements that were making them uncompetitive: inflexible labour market arrangements and, of course, regulatory induced high energy costs.

Few of our politicians understand anything about energy costs and even fewer want to put in place policies that liberate the market, allowing Australia to have the cheapest energy in the world thereby regaining the status we had until 15 years ago. That’s because they are responding to the pressure from the elites in NGOs, the public service, business and academia. All of these have their separate reasons for wanting to foster high cost energy – reasons that range from the venal to the aspirations for political control of the economy.

Those same elites are heavily focussed on rescuing green energy in the Davos meeting now underway. We have politicians there but not at the Trump inauguration! At least Canada’s Trudeau recognised that going to the World Economic Forum in Davos on 20 January would be a mistake and chose instead to cancel his attendance and stay home.

Fortunately for Australia Trump will force us to mend our ways – his pull-out of the Paris climate change agreement undermines it and gives us an excuse to rescind the harmful energy policies we have in place. And his low tax, reduced spending, regulation cutting agenda will also force us to follow suit or plumb the depths of economic decline that other countries have experienced by focussing on anti-market policies.
Catallaxy Files

It started in America …

deplorables

About stopthesethings

We are a group of citizens concerned about the rapid spread of industrial wind power generation installations across Australia.

Comments

  1. I think that we need to focus more on how to get renewable energy sources and harness their power without too much costs.

  2. Hi,

    I started a PETITION “SA PREMIER JAY WEATHERILL : Demand the RESIGNATION of the Energy Minister for HIGH POWER PRICES CAUSING SA’s JOBS CRISIS and 15,000 household POWER DISCONNECTIONS, frequent POWER BLACKOUTS and the JULY 2016 POWER CRISIS” and wanted to see if you could help by adding your name.

    Our goal is to reach 200 signatures and we need more support.

    You can read more and sign the petition here:

    https://www.change.org/p/sa-premier-jay-weatherill-demand-the-resignation-of-the-energy-minister-for-high-power-prices-causing-sa-s-jobs-crisis-and-also-15-000-household-power-disconnections-frequent-power-blackouts-and-the-july-2016-power-crisis?recruiter=135406845&utm_source=share_petition&utm_medium=email&utm_campaign=share_email_responsive

    Please share this petition with anyone you think may be interested in signing it.

    Thankyou for your time.

  3. I am totally with you here on the dangers of fracking Jackie, when conventional gas supplies are so abundant. If we weren’t exporting so much of it to overseas countries for less than we pay for it here! It’s a disgrace and an insult to Australians. Our government should be supplying us with cheap gas. Alan Moran is wrong to say that fracking is harmless. Anyone who has done their research knows that it contaminates groundwater supplies just for starters 😦

    • Jackie Rovensky says:

      Thank you.
      Fracking is a danger to all of Australia and should never be allowed – we already have evidence here that it destroys what was once productive land, and water supplies.
      Here in the SE of SA, we have a Dormant Volcano – Mt Schank can you imagine the dangers of Fracking within this district, which is also part of the youngest volcanic region in Australia, a system which stretches from Western Victoria across to our SE.
      Madness is the only word for any thought of placing vast areas of Australia in danger.
      We here totally on our water supplies coming from below ground – we take nothing from the Murray River.
      Turnbull needs to think very carefully before he goes down a path which is completely unnecessary.

  4. Of course there’s always the risk that if we stop subsidising renewables we’ll run out of unicorns? Malcolm and Josh are obviously acutely aware of this.

  5. Reblogged this on Climatism and commented:
    “Tony Abbott has once again proved himself to be a superb leader when not actually in government by counselling the undeniable benefits of getting rid of the renewable subsidies that cost us $4 billion a year and wreck the competitiveness of the electricity supply while also undermining its reliability.

    “Fortunately for Australia Trump will force us to mend our ways – his pull-out of the Paris climate change agreement undermines it and gives us an excuse to rescind the harmful energy policies we have in place. And his low tax, reduced spending, regulation cutting agenda will also force us to follow suit or plumb the depths of economic decline that other countries have experienced by focussing on anti-market policies.”

    Donald J. Trump – forcibly making Australia great again…if its feckless, vapid and virtue-signalling ‘leader’, Malcolm Turnbull, will take the smart road and follow a real leader…

  6. Jackie Rovensky says:

    I agree except in one area – I do not agree with Fracking – in this country there is no need of it, all it needs is for Conventional gas supplies to be used here and the remaining sold overseas – we come first – it is OUR country it is taken from and we should be the first beneficiary’s.
    We do need our Government to take control and stop the demise of this Nation, we need our Government to accept what is glaring obvious – to continue to subsidise something that is failing is dereliction of their duty of care to the people of this Nation.

    The following quote from G Litchenberg I direct to our Members of Parliament to take notice of and act on, no matter their political leanings:
    Ask always “How can this be done better?”

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