Among the leaders of fanatical death cults, Jim Jones was probably one of the more endearing and charismatic: in 1978, at ‘Jonestown’, Guyana he encouraged 910 of his followers to gulp down some grape-flavoured Kool Aid and the rest, as they say, is history (it certainly was for the faithful cordial consumers). The psychology … Continue reading Australia’s Renewable Policies an Economic Suicide Pact: Alan Finkel’s Report a ‘Death Wish’
Tag: AGL power prices
Shock, Horror! Wind Power Output Depends on Wind: Infigen Blames ‘Lack of Wind’ for Losses
*** Australia's publicly funded, green-left megaphone, the ABC has a hard time dealing with tough things like facts and consequences. So it must've been a rude shock to find out that the fortunes of wind power outfits depend upon ... ahem ... the weather. Lack of wind a big blow for Infigen ABC News Stephen … Continue reading Shock, Horror! Wind Power Output Depends on Wind: Infigen Blames ‘Lack of Wind’ for Losses
South Australia’s Wind Power Obsession Leads to Highest Power Prices in the World
By reason of its maniacal obsession with wind power, South Australia has become the butt of international jokes, and the object of plenty of sniggering from those occupying neighbouring states. These days, it’s almost impossible to read an article about South Australia’s economic misfortunes in which there is no mention of routine load-shedding and mass … Continue reading South Australia’s Wind Power Obsession Leads to Highest Power Prices in the World
Renewable Energy Debacle: Alan Finkel’s Report a Lost Chance to End Australia’s Self-Inflicted Wind Power Calamity
*** Australia's self-inflicted power market calamity has resulted in power prices which are now the highest in the world (as of 1 July 2017, South Australia officially tops the international list on that score, and by a comfortable margin) - a disaster for businesses and households in a country which once, not so very long … Continue reading Renewable Energy Debacle: Alan Finkel’s Report a Lost Chance to End Australia’s Self-Inflicted Wind Power Calamity
The Sting: How the Wind Industry Pulled Off the Greatest Con-Job in History
*** The 1973 Paul Newman (Henry “Shaw” Gondorff) and Robert Redford (Johnny “Kelly” Hooker) classic, The Sting - set in the heart of the 1930s Depression - pitted the bright and brazen young con-men against one of Chicago’s toughest mobsters in an effort to relieve him of his ill-gotten gains. The film reveals the protagonists’ … Continue reading The Sting: How the Wind Industry Pulled Off the Greatest Con-Job in History
Wind Industry Says It’s Time to Cut the Subsidies: ‘Wind Power Cheaper than Coal’
STT loves an eye-catching headline. Today’s is, on one level, the kind of spoof headline dished out by Washington pranksters, The Onion: so outrageous, that no sentient being could accept the premise. However, half of our headline is quite literally true: the wind industry has been putting out figures claiming that it is not only … Continue reading Wind Industry Says It’s Time to Cut the Subsidies: ‘Wind Power Cheaper than Coal’
Power Price Punishment Spreads as More Retailers Add 20% to Australian Power Bills
*** STT called Alan Finkel's report on Australia's renewable energy debacle a mix of Lewis Carroll's Through the Looking Glass and Goldilocks. As commentators chew through Finkel's rubbery figures, it is apparent that our description was not just fair but accurate. New electricity reform details cut off promised $90 saving The Australian David Crowe 16 … Continue reading Power Price Punishment Spreads as More Retailers Add 20% to Australian Power Bills
Liberal Coalition Plan to Kill Wind Power Subsidies: Angus Taylor Lays Out Low-Cost CET
*** Never in the field of political conflict has so much been owed by so many to so few. So few, in fact, we can name him: Angus Taylor, Liberal Member for Hume. In a run of posts this week, STT will detail the fallout from Alan Finkel’s fantasyland review of Australia’s electricity market. In … Continue reading Liberal Coalition Plan to Kill Wind Power Subsidies: Angus Taylor Lays Out Low-Cost CET
Renewables Disaster Sees Australian Power Prices Jump Another 20% – With Worse to Come
Life coaches and self-help manuals talk about dreaming the life and living the dream. In Australia, as elsewhere, wind and solar power were touted as promising not only an end to the pesky habit of the Earth's climate to change (a selfish obsession that our planet has been hard at for 4.5 billion years), but … Continue reading Renewables Disaster Sees Australian Power Prices Jump Another 20% – With Worse to Come
Enron Rides Again: Wind Power Chaos Enables Rampant Price Gouging by Conventional Generators
South Australia’s ludicrous attempt to run on sunshine and breezes has rendered it an international laughing stock. Daily, routine, total and totally unpredictable collapses in wind power output result in price gouging efforts that see the spot price for power rocket from around $70 per MWh to $2,000 to $4,000 per MWh, in a matter … Continue reading Enron Rides Again: Wind Power Chaos Enables Rampant Price Gouging by Conventional Generators
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