Friday, February 28, 2014

C NEWS: The Carbon Tax is destroying Qantas and Australian industries

"The best assistance the Government and the Opposition can provide is the removal of the Carbon Tax which has cost this industry (airlines) hundreds of millions of dollars." says Virgin Australia's CEO John Borghetti.

That's Virgin Australia's boss talking about the destructive effect of the Carbon Tax on businesses. Qantas's half yearly loss of $235 million is about half due to the Carbon Tax.

Yet we have some foolish CEOs like BHP's Andrew MacKenzie and Chairman Jac Nasser, supporting the global pricing of carbon!!! As a former geologist MacKenzie should know better but being a Scotsman there is probably no hope for him. This has put me off owning BHP shares until there is a change of management and common sense at board level prevails. Also it does no help matters having Christine Lagarde, MD of the IMF, promoting the climate change hoax but then she is an economist with little understanding of geology. She is forgiven.

Australia, like our icon airline Qantas, will continue to go down hill economically until the Carbon Tax has been eliminated, together with all the Renewable Energy Target (RET)legislation which like a spider web entangles all our businesses unnecessarily. When this is done we can look forward to a prosperous future.

Wednesday, February 19, 2014

Where to South Australia? We have to wait for the Fed's New Energy Policy

South Australia has its State Election next month, on the 15th March. We have had 12 years of Labor Government mismanagement with Premiers Mike Rann and now Jay Weatherill. Its high time we had a Liberal Government and so followed new policies to achieve a more prosperous future for all, and not just trade unionists.

Little has been said in electioneering about how this new prosperity can be delivered. We are still reeling from the announcement that General Motors Holden will be gone by 2017 and there will be no more car manufacturing in the State. Earlier BHP decided not to expand the uranium mine at Roxby Downs, to make it the world's largest, due to low metal prices and their predicted future world financial situation. There are now more businesses closing down and shedding workers than there are, if any, starting up. So it's batten down the hatches and hope for the best.

There is little a new Liberal Government can do about the energy situation (except STOP any more wind farms) Our domestic electricity price (31 cents/kWhr) is more that double that of the USA and Canada and exceeded only by Germany and Denmark. This is a ridiculous situation and represents more than a 100% price increase in a decade, mainly due to former Premier Mike Rann's promotion of South Australia as leading the way with renewable energy (wind and solar), thereby preventing the world from cataclysmic global warming. The State Government and councils are still lumbered with this eco-religious nonsense which is not even mentioned in the lead up to the state election. The Liberal pollies are too scared to do so and possibly loose votes, and the Labor pollies wont mention it because they don't realize how stupid they have been to swallow all the warmist bunkum.

In July when Australia gets the new Federal Senate, which is more favorable to the Coalition, it should be possible to rescind Labor's Carbon Tax bill and so remove one lot of chains that are holding back development and investment in industry, agriculture and tourism. Next the Renewable Energy Target (RET) legislation will have to go (now under review) since it is based on the bunkum that atmospheric CO2 is a pollutant, which it definitely is NOT. So by the end of this year 2014, the economy will be moving ahead in the right direction and the new Liberal Government of South Australia with Steven Marshall as Premier, will be able enact new policies, including a new Energy Policy, that will see sensible development of our coal, gas and uranium resources, and the down grading of useless wind farms and pie-in-the-sky large solar and geothermal plants. A NEW DIRECTION TO PROSPERITY IS NEEDED.