From the AFR. Green groups in the Kimberley have turned the pressure on investors, warning that Woodside Petroleum’s $35 billion Browse liquefied natural gas project in Western Australia risks being “Australia’s next Jabiluka”, with the potential to destroy shareholder value. The Fin. Review
Translation for those outside Australia – Jabiluka is a potentially rich uranium mine near Ranger in the Northern Territory where a handful of indigenous owners have blocked development for years (when I say handful I could be exaggerating – I think two people hold the key). One can get the pills delivered at the doorstep via sildenafil generic online ordering. In order to improve generic sample viagra the healthy functioning of different vital organs in women. One must be aware that there are pediatric chiropractors who specialize in twomeyautoworks.com/item-3537 generico viagra on line providing chiropractic care to the young population including infants, toddlers, children and young adults. It is a prescription drug thus availing prescription for the drug is practical before launching its prescription dosage. The Jabiluka orebody is a gigantic 357million lbs of high grade U3O8 worth in-ground a mind-numbing ~$20Billion.
That the minority Greens propaganda campaign against natural gas coming ashore ANYWHERE along the huge Kimberly coastline has run as long and as far as it has – is a tribute to the depth that unscientific Green dogmas have soaked into our main-stream-media.
If Australians want to vote for a prosperous nation at the next election – that would mean putting the Greens last. If you wish for a weaker and poorer Australia – vote Green.
Category Archives: Resources
Must see – eye glazing US Debt Clock
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Best I go and “peg” another gold EL.
Australian Government stands idly by while motorists ripped off at the petrol pump
This graphic demonstrates how our useless Commonwealth Green-Labor Government is so preoccupied with its own survival – and passing their idiot Carbon Tax – that for three months now they have failed to notice how the Oil co’s are ripping off Australian families. From eyeballing the chart – at least 15c should be carved off all pump prices now.
If our Govt had any guts they would long ago have set up an Australian Fuels Corp to import tankerloads of ULP to supply service stations at fair prices.
Imagine the screams. How brilliantly successful has Oil Co PR been over the decades at conning Australian Govts and media.
All ULP prices from FuelTrac/AAA and the West Texas Crude & US vs AU$ data from Proview.
Perth economic regulator warns Green power schemes badly flawed
What have climate sceptics been saying for years ?
Watchdog warns about cost of green power
BEN HARVEY and DANIEL MERCER, The West Australian August 12, 2011, 2:50 am
The State’s economic watchdog has warned that policies to encourage green power such as wind farms are badly flawed and may drive up household electricity bills without good reason.
As Prime Minister Julia Gillard last night talked up the carbon tax at a community meeting at Perth Town Hall, the Economic Regulation Authority dropped a politically explosive report on the real cost and impact of renewable energy sources.
The authority called for a rethink on the subsidies enjoyed by the green energy sector and backed a price on carbon as an efficient way to influence markets.
Energy Minister Peter Collier rejected the finding on the efficiency of a carbon tax but conceded the rush for wind farms and rooftop solar panels was costing the State a fortune for negligible environmental rewards.
Authority boss Lyndon Rowe said the real cost of producing environmentally friendly electricity had to take into consideration the expense of having base-load power stations on standby.
And the cost of upgrading transmission lines to deal with the erratic electricity supply associated with solar panels and wind farms needed to be factored in.
“This is not an argument against renewables, it is an argument about going to renewables in the most efficient way,” he said.
In a key finding in its annual wholesale electricity market report, the authority noted renewable energy incentive schemes “will be a major driver of higher electricity prices in WA and impose significant additional costs on consumers”.
“The authority is concerned that unless there is pressure on retailers to procure green electricity at the lowest cost, then inefficient costs will be passed on to consumers,” the report stated.
“Evidence shows the current Federal and State renewable energy incentive schemes are an expensive, economically inefficient means to achieve the policy objective of greenhouse gas abatement.”
Mr Collier said that as a signatory to a national agreement for States to have 20 per cent of power from renewable sources by 2020, the WA Government was required to take the financial pain for what he admitted would be a “negligible” environmental benefit.
“In crude economic terms I agree with what he (Mr Rowe) has said,” Mr Collier said.
“It (renewable energy) is three or four times more expensive than other sources. But this is as much about changing community attitudes as anything else.”
Sustainable Energy Association chief executive Ray Wills conceded measures to encourage renewable energy generation had pushed up average power bills but denied the increase had been significant.
Growing unpopularity of GreenLabor Canberra Government corresponds exactly with post April weakness in the ASX
Comparing one year charts for DOW and ASX All Ords – note how the ASX has performed much worse that the DOW – particularly since April this year. Yet the fundamentals of our economy would be sounder than in the USA.
IMHO the unpopular GreenLabor Govt in Canberra is the cause of most of the difference. Everybody knows they view the productive sectors of our economy as simply a source of extra taxation – that they then redistribute to their unproductive constituency. Just off the charts in May 2010 they announced version 1 of the mining tax – that had a negative effect on the ASX that has been added to by the version 2 mining tax proposal – and lately the Carbon Tax.
DOW
ASX All Ords (Charts by Proview)
A year of “Newspolls” measuring shifting Australian Federal “Two Party Preferred” voting intentions. Note how the collapse in the ASX relative to the DOW started in April – exactly when the popularity of the Canberra GreenLabor Govt began to collapse.
Millions of Australian investors realise that the Gillard/Brown GreenLabor Government in Canberra knows little about safeguarding Australian prosperity.
Post March 11 as talk around introducing the Govts. new Carbon Tax increased and caused the Govt to become more unpopular – worried investors began to take cash out of the ASX. Our Nation is now weaker than it need be – had we had prudent economic managers.
The sooner the Gillard/Brown GreenLabor Government in Canberra comes to an end – the better for our Nation and all of us.
No wonder concerned Australians are planning a “Convoy of No Confidence” – actually eleven truck convoys converging on Canberra on 22 August.
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Enough said.
Germany turning to coal again
I saw this at Anthony Watts.
“Germany to fund new coal plants with climate change fund cash”
Here is another article – reads as though translated online. “coal power plant Moorburg takes shape” near Hamburg I think.
It is getting way past crazy.
Another 3.2Bn taxpayers dollars down the gurgler
I read where Govt is establishing ARENA – the “Australian Renewable Energy Agency” – to manage $3.2 billion of renewable energy funding.
Some great quotes by the Green Senator Christine Milne – “It has been obvious for years that renewable energy programs in Australia are a mess of badly designed schemes run as photo opportunities…”.
Can anyone remember a worse performance by an Australian Prime Minister – bypassing Parliament to announce this huge new Carbon Dioxide Tax. Clearly her advisers must have told her, “…you could lose a vote…”.
Wasting taxpayers money on solar power
I have started this post in the hope readers can dig up more information about the history, projected cost vs final cost – claimed performance at announcement vs actual performance (if you can ever find out) – for various solar electricity generating projects. Overseas examples are welcome too.
I was prompted by Canberra GreenLabor Govt announcements in last few days of two projects that will consume $Bn’s of poor old taxpayer $’s, one at Moree in NSW and the other at Chinchilla in Queensland.
Then there is Mildura – which has been planned for some years – is it coming closer ? The owners – Silex do not seem to be enjoying a rush of investors.
This Wikipedia page has a summary of Australian solar electricity projects – planned and completed – so there are some starting points for investigators.
Remember too the White Cliffs project – closed now I assume – but what did that cost over the years – for how much useful electricity ?
I expect – that like windmills – these solar schemes will all be shamelessly hyped to sell them to Govts – I expect cost over-runs and that later performance reality will not be as it was hyped – but as usual with any of these subsidised boondoggles – it will not be easy to discover hard facts.
Bluescope Steel Chairman speaks out against the Carbon Tax
Garnaut’s Attack on Business and Industry Oversteps the Mark
07 June 11 Media Release – Ross Garnaut’s credibility as an independent expert adviser on Climate Change is seriously in question following his latest report and attack on business and industry, writes Graham Kraehe, Bluescope Steel Limited Chairman.
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See also Bluescope Steel – 03/05/2011 ASX Announcement – Aust. Federal Government`s Proposed Carbon Pricing Mechanism
It is encouraging to see leading people from Australian industry speaking out – but we can only hope that the millions of workers that will be adversely affected by the Carbon Tax will not vote for it in 2012.