The truth about the great wind power fraud
Subsidised wind and solar is a playground for the vain, rich and cynical, and its victims are always on the wrong side of the tracks; unseen and unheard. Energy poverty is now an entrenched feature of first-world economies wherever wind and solar play any prominence in power systems. And it’s not simply the fact that […]
The principles of economics are not hard, nor are they a mystery. Jobs require viable businesses, viable businesses require cheap and reliable electricity. Deprive businesses of cheap and reliable power and those businesses will very soon cease to exist. Those truisms, however, continue to fall on deaf ears in Australia’s so-called ‘wind power capital’, South […]
Remember all those stories about the wind & solar industries providing millions of groovy, well-paid ‘green’ jobs – as secure as Fort Knox? No? Sure, you’ll hear those pitching RE promise loads of ‘sustainable’ jobs, as they wail about dreaded ‘uncertainty’ – causing bankers to baulk and investors to flee; and as they demand (with […]
Hoodwinking its way around the globe, the wind industry always pitched the promise of building factories to locally manufacture blades or towers. Over time, it’s turned out that such promises were just bait for the politicians they needed to sign over their constituents’ hard-won property rights, and to deliver the massive and endless subsidies […]
Australia’s power pricing and supply calamity has a single, proximate cause: massively subsidised, intermittent, unreliable wind and solar power. The relationship is obvious to all but the deliberately obtuse and the rent-seekers that profit from it. Another obvious relationship is how Australia’s enviable wealth and economic prosperity depended upon reliable and affordable power supplies. Now […]
Every viable business depends upon a reliable and affordable electricity supply. In Australia, thanks to its suicidal renewable energy policies, that essential combination is now a relic of history. The chaos and staggering cost of intermittent wind and solar power has sent power prices through the roof and left its grid on the brink of […]
The wind industry is little more than the most recent and elaborate effort to fleece gullible investors, in a list that dates back to “corporate investment classics”, like the South-Sea Bubble and Dutch tulip mania. In the wind industry, the scam is all about pitching bogus projected returns (based on overblown wind “forecasts”) (see our posts here and here and here and here); claiming that […]
Australian power consumers have just started opening their winter power bills, which are fully 20% higher than this time last year. By comparison, Australia’s underlying rate of inflation is around 1.5%. The consequences for the economy, as a whole, are just starting to bite. Restaurants, bars and retailers are copping it from both ends. Business […]
On the battlefield for Australia’s wealth and future economic prosperity, the forces have been divided between those pushing for the retention of the suicidal renewable energy policies that have all but crippled Australian business – particularly energy hungry businesses, like mining, manufacturing and mineral processing – and those hoping to bring an end to […]
As Mark Twain put it: “It’s easier to fool people than to convince them that they have been fooled.” And, even when the dupe accepts his folly, sorry seems to be the hardest word. Frank Keating was governor of Oklahoma 1995-2003 and is responsible for its wind power calamity, as he calls it. Uncharacteristically of […]
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