The US chastened by everything associated with the GFC and its aftermath has reinvented itself as an increasingly energy self sufficient nation and is set for an energy driven resurgence.
On the otherhand, surviving the GFC courtesy of the mining boom has led Australia and Australians to complacency. We are so set to fall into a deep dark hole of energy underinvestment and deficiency.
A depressing period of opportunity lost is what lies ahead.
Someone mentioned "being profoundy misled" on another MEL thread ... to me, state and federal politicians are the ones who have been profoundly misled as to:
# the strength, length and invincibility of our mining boom # believing we had the luxury of a "do nothing" choice on energy security # that a radical green agenda was going set Australia apart on the global stage
This is not an off topic post imo, it is the reality of investing in energy future of Australia and in MEL specifically.
Dex
MEL Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held
