"And how about your beloved billionaires who put up renewable...

  1. 10,520 Posts.
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    "And how about your beloved billionaires who put up renewable energy installations in order to harvest subsidies while pushing up energy costs ... "

    Boy, talking about getting it totally back to front. Those investments in gas that have all been sold offshore, leaving your market high priced. Can't trust those fossil fuel barons.

    "
    The nation’s gas sector has come under scrutiny as soaring prices and short supply hurt households and threaten manufacturing jobs, stoking political concern ahead of state and federal elections over the next 18 months.
    "
    https://www.reuters.com/article/us-...prices-still-too-high-regulator-idUSKBN1E704G

    "
    While there is clearly no shortage of gas molecules being extracted in Australia, the price that Australian electricity generators and manufacturers are being charged for those molecules has risen nearly threefold. And high gas prices have led to high electricity prices and recent blackouts.

    Back in 2014 a briefing note by Credit Suisse on the prospects for the gas exporter Santos, stated that 'Santos now argue that its aim in (building its gas export facility) was always as much about raising the domestic gas price'.

    Australian gas is now being sold to the highest offshore bidder. But rather than explain the 'benefits of free markets', the PM is pretending the rise in gas prices is the fault of environmentalists or the states.
    "
    http://www.smh.com.au/comment/where-did-all-the-gas-go-20170309-guuct6.html

    Now that's just how markets work. But the way politics works is always to blame the other guy.
 
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