According to the New Daily “Voters in coal and gas heartlands are ready to cash in on a clean energy future”. Reading on “the coal and gas heartlands of New South Wales and Queensland” is what they’re talking about. I.e. including Sydney and Brisbane. Click bait propaganda again.
I’m all for free electricity from the sun (or wind) but it’s pretty clear that Europe has got the transition very wrong. One of the poster childs is the UK. Several years ago they started reporting coal free days. Now, as fossil fuel prices rise, chiefly natural gas, they have started subsidising electricity. Unbelievable policy from a Tory government.
Oil prices are rising heaps. Much of this is to do with the lack of profitability of earlier shale drilling that kept prices down pre pandemic. Couple with virtuous sounding ESG policies from Wall St, the money isn’t flowing into new oil wells. Demand keeps increasing as the world approaches 8 billion people. “nearly 5.5 billion people reside below the take-off point, and their expectations won’t be easily constrained.”
The shortage of fuel affects not only transport, but also fertiliser. All that talk about AdBlue and trucking a few weeks ago in Australia, was the result of China not exporting urea. Urea is made in a well known (ie old) chemical process that involves hydrocarbons and air. Urea makes both adblue for trucks and fertiliser. Without it the crops don’t grow. Also, this has been news for months. Looks like the solution is going to be price rises.
This will of course contribute to inflation, which the head of Norway’s SWF reckons is here to stay.
However, it’s pretty benign in Australia right now, althought the downtrend appears broken.
Maybe tech isn’t innovating fast enough.
Maybe there are just too many people and it’s all too late anyway:
The joys of immigration and multiculturalism are unbounded.
The ACTU’s boat might be changing direction with Sally saying that the drop in immigration was the cause of the current low unemployment rate. Then again, she also seems to blame temporary visas rather than numbers.
COVID might be coming to an end (except in WA) so maybe this experiment should have been done at the beginning before vaccines and mandates. “The world’s first “human challenge” trial in which volunteers were deliberately exposed to COVID-19 has been found to be safe for healthy young adults.”
Finally, Jordan Peterson quits university. Overwhelmed by political correctness. It will only stop when we invidually refuse to be silenced, and defend those who speak their minds against those who would silence them. Thanks to Peachy for this site.
The crypto doomsayers are saying a lot of doom right now, but 50% drops are not uncommon in this most free of markets. Meanwhile, as stocks tank and inflation booms where else are you going to put your money?
I look forward to reading your links below.