So Australia now has – “…unprecedented oversupply of energy, no new energy generation needed for 10 years..”

So at a time of “…unprecedented oversupply…” our power bills are booming. How unwise we have been to elect politicians who have brought us to this – where efficient and cheap 24/7 coal fired electricity generators are coming under financial pressure from taxpayer subsidised wind and solar which only generate expensive and erratic electricity when [...]

Another sign of common sense taking hold in an important nation – Japan cooling on solar positive for nuclear power

Reuters reports – Future grows darker for solar energy growth in Japan On the second anniversary of a scheme aimed at boosting Japan’s renewable energy after the Fukushima crisis, its powerful industry ministry is taking steps critics say will choke off solar investment and pave the way for a return to nuclear.

Equating the value of an open cut copper mine with the farm production forgone – have we stopped doing maths in schools?

I see in this article from South Australia – Rex Minerals’ Hillside copper mine gets SA lease approvals – opponents of the mine floating the old red herring that we are losing food growing land. SA Greens leader Mark Parnell says State Government approval for open-cut mining on some of the state’s best cropping land [...]

US court documents show half of the volume on Chicago futures exchange are illegal “wash trades” between related parties – I wonder what the position is on the ASX where “high frequency trading” is rife?

I saw this fascinating article – Lawsuit Stunner: Half of Futures Trades in Chicago Are Illegal Wash Trades – If you go on to read the article you will read where “high frequency trading” or HFT methods use wash trades as part of standard strategy. Anybody who trades on the ASX has seen evidence of [...]

Australian taxpayers have a miniscule win as Paralana geothermal project in outback SA is shelved

Our ABC reports – Petratherm shelves Paralana geothermal project in outback SA – apparently due to a lack of funds. “The Paralana project had secured $24.5 million as a Renewable Energy Development Program grant but could not raise another $5 million needed.” Does anybody know why Petratherm could not raise a paltry $5mill to get [...]

Your chance to vote in support of the GreenLabor plan for an Emissions Trading Scheme or ETS

Just a few quick clicks – at www.taxpayers.org.au/poll be sure to pass on to your friends.

Carbon tax repeal today but at what cost – what strings attached

A welcome step but this has been such a drama and with so many amendments I think it will be some time before we can weigh the net effect against the remaining web of GreenLeft hangovers – Clean Energy Finance Corporation – Renewable Energy Target – Climate Change Authority – that the Govt wants to [...]

Is this how the end of the mining boom looks ?

A reader sent this in for posting – how we are often fed a load of utter chaff by the media. Well worth downloading the RBA pdf Chart Pack

How dare Queensland baseload electricity providers protect the grid from rooftop solar “detrimental impacts”

Revealing take here by “Our ABC” giving free publicity for advocates of the renewables sector. Qld electricity providers trying to block solar from grid, lobby group says Mainstream electricity consumers have allowed too much harm already to our electricity grids from the variable generation of near useless but expensive Green boutique wind and solar.

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A welter of worries being expressed by worried carbon farming hopefuls

The new Australian Senate is yet to reveal how the votes will divide on this or that issue – yet it looks as if the Carbon Tax will be repealed. Those looking to turn a buck out of carbon farming are making their worries heard, as the ABC reports – Future of Carbon Farming Initiative [...]