Reaping the Whirlwind: Insane Cost of Renewables Destroying Jobs & Australia’s Economic Prosperity

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 […]

RET Driven Power Price Hike Bites: Cost of Australia’s Renewable Energy Madness Crushing Consumer Confidence

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 […]

Heartless Hypocrites: Renewables Zealots Treat Jobless Thousands as ‘Collateral Damage’

  In Australia’s rushed and ridiculous attempt to run on sunshine and breezes, objectivity and compassion were early casualties. Boffins, journalists and pundits from the green-left end of the swamp worship wind and solar power as the beguiled from some mediaeval cult. What singles out these Pinot Gris sipping neo-Marxists is their malignancy towards Australia’s […]

Freedom of Choice: Massively Subsidised Wind Power or Jobs, Growth & Prosperity

  Not so long ago, barely 25 years, in fact, Australia was rightly regarded as an energy superpower: abundant coal and gas reserves ensured reliable, secure and affordable electricity. It was hard to explain ‘energy poverty’ to anyone and power was altogether cheap. Back then, the ‘business’ was about taking that electricity and using it […]

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 […]

Finkel’s Fantasyland: Report to ‘Save’ Australia’s Power Grid From Renewables Chaos a Death Sentence for Business

*** In yesterday’s post we described Alan Finkel’s report on Australia’s power market fiasco as a mixture of Lewis Carroll’s ‘Through the Looking-Glass’ – residing in a place where the fundamentals of physics and economics, logic and reason are playfully and permanently suspended – and Goldilocks – the story about an infantile quest to make sure […]

South Australia’s Wind Power Debacle Destroying Jobs: Unemployment Rockets (Again)

*** 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’, […]