Guest essay by Eric Worrall
Multinational Mining Giant Glencore has warned of job losses and damaging economic contraction, because government favouritism towards renewable energy has eroded reliable baseload capacity. Energy intensive businesses like Glencore are firing workers and decommissioning factories, to match the reduced availability of reliable baseload power.
Australia passes a ‘tipping point’ in energy crisis
Glencore has warned that Australia has drifted past a “tipping point” of industrial energy “demand destruction” and that the nation has 12 months to re-establish reliability and affordability of its base load power capacity or risk permanent and unpredictable shifts in the shape of the economy.
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“We have to meet Australia’s energy needs now, in five years, 10 years and 15 years. We can’t rely on blue-sky thinking. There is an energy crisis in the world’s largest exporter of coal, the second largest exporter of gas and a major exporter of uranium. We need real solutions. Unless we make decisions really quickly, and I mean in the next 12 months, that re-establish base load capacity then we have no chance of sustaining the economy in the shape that it is in now.
ht/ annie
We have lots of oil and coal to sell to them.
HAHAHAHAHAHAHA Fing stupid Sand Groper Stoners. I blame Neville Bonner for the whole lot!
Abagail, they have lots of coal and oodles of Nat Gas too, that makes it so frustrating for expats like me.
So ……… whasssit say?
I can’t reed aUstralien.
I’m investing in Hamster treadmills.
“There is an energy crisis in the world’s largest exporter of coal, the second largest exporter of gas and a major exporter of uranium. We need real solutions.”
DUH!
The “energy solutions” are right before your faces, but you’re too fukkin dumb (or indoctrinated) to see them?
The Lord helps fools and the afflicted … so Australia will be OK.
izlamo delenda est …