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Details of the financial difficulty come less than a week after a federal government report predicted that, should the Loy Yang A plant be forced to close suddenly, wholesale electricity prices would nearly double, with an immediate flow on to household power costs.
possibility of the government becoming its lender of last resort
Nuclear power is the one energy source that I really don't want to see used in Australia. It's uneconomic in this (and most other) country and just not necessary. But I strongly suspect that this is the path we are being lead down - make the present system unworkable then force their preferred "solution" down our throats once there's no real choice.Well smurph, how long before they announce the first nuclear power station?
Canada is a partial exception as is Norway and New Zealand and of course locally Tasmania. But the rest of the developed world is pretty much stuck with fossil fuels and nuclear (uranium) power for the foreseeable future. No amount of wishful thinking will change that, and even in those 4 exceptions they are still stuck with fossil fuels for transport and to run furnaces etc.The biggest stuff up in living memory is about to unfold. IMO
Sadly I think you're right.What furnaces smurph, they are all getting ready for the carbon tax. It won't be long before all iron, steel and aluminium processing in Australia is shut down.
True. Tassie now has the likes of Dick Smith (who led a syndicate of business people that bailed out Bob Brown on his legal fees) snatching up tracts of the state and developing them for an exclusive clientele of mostly out of state guests. Or that presumptuous businessman who from Sydney ran a campaign against the Tamar pulp mill...Tasmania, a state where the economy has been pretty much wrecked by a combination of gutless state governments of both persuasions plus the greens and their interstate supporters.
And people wonder why Tas is practically broke and the closest thing Australia has to Greece. If you look at what's going on with hospitals and other public services down here then it's worse than most probably realise. It's not cuts, it's closer to shut the doors and throw away the keys - many people on those waiting lists will simply never be treated.
Give it a few years and the whole country will end up in this situation..
UN IPCC Official Admits 'We Redistribute World's Wealth By Climate PolicyIf the media were doing their job they'd be picking up on this.
Such is the problem. We've already redistributed to the point that we have a growing underclass here in Australia and it's even worse in the USA. Meanwhile China etc are outright booming as industry after industry leaves our shores.And the cost of the baby step toward an climate insurance policy, sanctioned by people like Bill Gates and arch socialists like David Cameron is a 100% redistributed tax that aims to forward technology and give business certainty.
Redistributed to whom? I don't remember the Australian people being asked their opinion on this subject. Certainly not in respect of the huge chunk going to the UN to make Kevin Rudd a hero.UN IPCC Official Admits 'We Redistribute World's Wealth By Climate Policy
Read more: http://www.smh.com.au/world/ddays-for-the-europe-experiment-20120113-1pzca.html#ixzz1jOF2snro
..a 100% redistributed tax that aims to forward technology and give business certainty.
Redistributed to whom? I don't remember the Australian people being asked their opinion on this subject. Certainly not in respect of the huge chunk going to the UN to make Kevin Rudd a hero.
Also I think you'll find it will be closer to 50% redistributed here in Australia. The rest to the unofficial re-elect Julia Gillard fund, otherwise known as the promised budget surplus in 2012-13 (..I mean, as if ! And the Pope's a Protestant I suppose).
I recall globalization being a dirty word amongst the Occupy fraternity. Not any more it seems. Now it's the way to satisfy their idealogical cravings.
Nor were we asked about being frog marched into Iraq on trumped up twaddle, They call it "tough titties"
To yor second point;
More or less exactly the comments made to me by an ill-educated school drop out truck driver, I have a bit to do with. the more Hadley he imbibes the more ventilated he becomes.
Or you could take on board the view of say;
Maruis Kloppers
BHP Billiton chief executive Marius Kloppers said the government should consider a range of initiatives, including a carbon tax and individual levies, to lower energy consumption.
Gail Kelly( To correct a Piece in the Australian news paper)
Fran Kelly: Yes to a price on carbon.
Gail Kelly: Correct. It's a necessary step on the way towards an ETS. Now, it's the only situation that needs to get tackled. We need an overall carbon plan within our economy. But an ETS is a very important component of that.
I could go on with bill Gates , but I think I've made My point.
And to your third;
I'm all ears to thoughts on the comparative redistribution of a future carbon market and that unleashed by unrestrained Hayekien inspired globalization.
But Orwell inspires me to look for the big things, or to at least try.
When we were 'frog marched' into Iraq, our taxes were dropping. Why not just elect a government and let them decide what you voted on afterwards. Comrade.
Secondly, is that the Marcus Kloppers who uses hundreds of planes to fly people in and out rather than spend money on local infra structure. Which would reduce B.H.P's carbon footprint.
Nice one quoting Gail Kelly, I don't think a carbon tax will have any effect on a bank as they are not a carbon emitter. Mention a super profit tax and see her arc up.
If Orwell inspires you to look for the 'big things', one would have thought you would agree that a holistical global approach is needed.
Maybe I am wrong, but I am not arrogant enough to believe 1. That Australia can change the worlds climate and 2. That the government set the carbon price with the climate and technology as the main driver.
Comrade! Orwell! and you SP in your Brown Shirt and Arm Band, I can sort of imagine some one like you and Ernst Rohm being... uhm... 'close'
. Sounds like were off to Spain to sort this out. Guernica, some saw it as a victory. but you had to on that side.
What furnaces smurph, they are all getting ready for the carbon tax. It won't be long before all iron, steel and aluminium processing in Australia is shut down.
From working in the field the past 6 months;
Shell Clyde in Sydney - closing down refinery - importing a finished product from Asia- cheaper to import than refine here - carbon tax was the nail in the coffin.
Caltex Kurnell in Sydney - shutting down a few reactors due to Carbon Tax
Altona Melbourne - winding down
(If Australia 'ever' goes to war, well, we are stuffed. 3 week diesel reserves for the whole country...)
And your list was just in the oil refining industry. There's heaps more in other industries.(If Australia 'ever' goes to war, well, we are stuffed. 3 week diesel reserves for the whole country...)
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