The truth about the great wind power fraud
South Australia’s wind and solar obsession drove power prices through the roof and whole industries out of business. The state is an economic backwater, critically dependent upon Commonwealth defence spending to maintain a few meaningful jobs building frigates and submarines for the Navy. And South Australia isn’t the only place in the world where subsidised, […]
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 […]
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 […]
*** With the exception of the wind industry, South Australia’s hapless Labor government will never be accused of economic favouritism: it treats all of its business owners with utter contempt. Rocketing power prices, routine load shedding and blackouts affect miners, bakers and brewers, alike. BHP Billiton warns for crisis in power market The Australian Matt […]
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