Tag: Costs

Trigger shy: dithering on the obvious fix for gas and electricity bills costs every Australian – Michael West

LNG, gas

With an election 3 years away and an Opposition leader like Peter, Dutton Albanese seems to be happy playing politics by doing nothing and letting things get worse so he can play hero and make them better a little later on when he really needs to look good. He after all enough capital behind him given Morrison’s disastrous fall from grace. The ALP showed in WA that mining companies fall into line even when hard decisions are made. Michaela Cash can be found crowing for the “miners” claiming you can’t cap unless you increase production and pollute the planet even more. The LNP mindset is what’s destroying the planet?

The solution to the gas crisis and rising energy bills is a domestic reservation policy, like in WA. Why is this being ignored, asks Rex Patrick?

WA has reliable electricity, affordable gas, a reliable supply, and none of the chaos we’re seeing in the eastern states”.

The policy was quite controversial when first rolled out.

There was much gnashing of teeth, threats to sovereign risks, or threats [that] there won’t be any further investment.”, he said.

Industry didn’t like it at the time but now, it’s seen as a wonderful initiative and, across the board, it’s accepted by industry – both the oil and gas industry itself, but also other industries that are downstream users of it.”

He then went on to point out something our Federal leaders don’t seem to have grasped. 

Obviously, producers of gas in the east wouldn’t like [a reservation policy], but Australian national interest and the people of Australia must come first”.

That’s how it should be. Prime Minister Albanese needs to get that into his head and take action accordingly.

Source: Trigger shy: dithering on the obvious fix for gas and electricity bills costs every Australian – Michael West

Floods Have Hit Australia Again. Thanks to Budget Cuts, the Authorities Aren’t Prepared.

Over the last week, record rains have again caused flooding in Australia, this time impacting Victoria. Although the disaster was easy to predict, the authorities took few preventative measures, and now residents are expected to bear the costs.

Source: Floods Have Hit Australia Again. Thanks to Budget Cuts, the Authorities Aren’t Prepared.

Old Dog Thought- We pay the liars and shoot the messengers.

Fighting Fake News with REAL 30/9/22; Looking Back Going Forward; The Best Journalists; Stop the War; NACC; Why Elect Governments; Cheaper Renewables Cost of Electricity UP; Personal Wealth down Debt UP;

Bill for NSW and Qld flood damage now at $1.2b and rising fast

The LNP government signed the country up for the equivalent  cost of x8 of these disasters and at the time claimed they were cheap. 8 Submarines at only $80Bn was nothing but now when the estimated cost of flood damage in two states is $1.2 Bn it’s a disaster. It’s the cost of a single sub. So shouldn’t that money be easy to find  just cancel one sub. After all delivery isn’t expected until 2040 and the flood damage could be attended to immediately. That National Disaster Fund is $4.5 Bn  only returns 5% interest or $200 M of which the L-NP are so proud. Cancel 4 subs the fund would have $9Bn at 10% the average rate of return of an Industrial Super fund they’d have almost a $1Bn to spend. So much for their money management.

Premier Dominic Perrottet will visit the devastated northern city of Lismore, with six people dead as a result of the NSW floods disaster and insurance payouts expected to soar into the hundreds of millions. The cost in NSW alone is now more than $240 million, according to the Insurance Council of Australia, while estimates taking in Queensland claims as well peaked over $1 billion on Friday.

Source: Bill for NSW and Qld flood damage now at $1.2b and rising fast

Who didn’t replace the toner? How our ex-prime ministers spent a million bucks – Michael West Media

Australian prime ministers

No, we are not outraged that our six former prime ministers suckle on the taxpayer teat. A few of them did some good after all. Pandemic or no pandemic, the six managed to rustle up a million dollars in expenses this year alone, report Stephanie Tran and Mark Sawyer. Australia does a good job of looking after its former prime ministers.

Source: Who didn’t replace the toner? How our ex-prime ministers spent a million bucks – Michael West Media

EXCLUSIVE: Gun club financial report shows mystery costs to obtain grant

The financial records of the gun club at the centre of an ICAC investigation reveal “significant costs” involved with obtaining its $5.5 million government grant. Anthony Klan reports.

Source: EXCLUSIVE: Gun club financial report shows mystery costs to obtain grant

Costing the earth – the price of not acting on climate change – » The Australian Independent Media Network

The cost of doing nothing(ODT)

We need to focus all our efforts on the outcome required because Inaction on climate change will cost the Earth. That is too high a price to pay.

Costing the earth – the price of not acting on climate change – » The Australian Independent Media Network

Old Dog Thoughts- Costs Costs Costs Don’t do anything is the LNP and News Corpse solution

Large outbreaks in Italy, South Korea and Iran were reported in the past few days, suggesting containment measures have not stopped the virus' spread.

Fighting Fake News with REAL,25/2/20; Pandemic, Stock markets and the wealthy; Australian LNP try to say Coal and Gas are clean economically; Fake News

Going Nuclear in the Antipodes: Australia’s Megadeath Complex – » The Australian Independent Media Network

 

The nuclear call doing the rounds in Canberra is a bit of old man’s bravado, and a glowering approach to the non-proliferation thrust of the current international regime. Should Australia embark on a nuclear program, it is bound to coalescence a range of otherwise divided interests across the country. It will also thrill other nuclear aspirants excoriated for daring to obtain such an option. The mullahs in Iran will crow, North Korea will be reassured, and states in the Asian-Pacific may well reconsider their benign status.

via Going Nuclear in the Antipodes: Australia’s Megadeath Complex – » The Australian Independent Media Network

Federal Election 2019: Key economist Warwick McKibbin lends weight to Labor’s climate policy

Bill Shorten's use of international carbon permits has been backed.

Both major parties have cited a report by Professor McKibbin in 2015 to back their claims, but he said his latest work showed the economic impact would be smaller than thought four years ago because of advances in technology.

Sorry Morrison go back to the books (ODT)

Federal Election 2019: Key economist Warwick McKibbin lends weight to Labor’s climate policy

Whatever the cost of Labor’s policy, the Coalition’s inaction on climate change will cost infinitely more – » The Australian Independent Media Network

The government has decided to quote modelling by Brian Fisher, who is already well known for his very dodgy modelling in favour of the coal mining industry, to say that Labor’s policy will cost workers $9,000 per year.  This is, of course, complete rubbish and totally at odds with modelling by Frontier Economics and research by the ANU.

The question is not how much Labor’s policy will cost.  The cost of not taking action is far too great to contemplate.

The damage from the cyclone coupled with a fire at a port facility in January will lead to a loss of about 14 million tonnes of production in 2019, the miner said in a statement.At today’s iron ore price, that equates to over $1.7 billion dollars lost revenue for one company from one cyclone.

In February, Queensland Premier Annastacia Palaszczuk said the state budget is estimated to take a hit of at least $1.5 billion after catastrophic bushfires and floods ravaged Queensland over the summer.

via Whatever the cost of Labor’s policy, the Coalition’s inaction on climate change will cost infinitely more – » The Australian Independent Media Network

Energy policy failure behind 10-year story of spiralling electricity bills – ABC News (Australian Broadcasting Corporation)

Network costs form the biggest part of your electricity bill. Australia is a big country, and moving electricity around it is expensive. As the graph above shows, network costs have contributed 40 per cent of the total price increase over the past decade.

The reason we now pay so much for the network is simply that we have built an awful lot more stuff over the past decade. It’s also because it was agreed — through the industry regulator — that network businesses could build more network infrastructure and that we all have to pay for it, regardless of whether it is really needed.
Much of the debate about our future power generation has become mired in political point scoring and simplistic arguments designed to inflame and outrage, writes Ian Verrender.

Network businesses are heavily regulated. Their costs, charges and profits all have to be ticked off. This is supposed to keep costs down and prevent consumers being charged too much.

That’s the theory. But the fact is costs have spiralled. Between 2005 and 2016 the total value of the National Electricity Market (NEM) distribution network increased from $42 billion to $72 billion — a whopping 70 per cent. During that time there has been little change in the number of customers using the network or the amount of electricity they used. The result: every unit of electricity we consume costs much more than it used to.

via Energy policy failure behind 10-year story of spiralling electricity bills – ABC News (Australian Broadcasting Corporation)

Trump’s Trips To Mar-a-Lago Have Cost Us More Than Mueller’s Investigation | Crooks and Liars

AP estimates that we have paid $63 million for Trump’s jaunts to Mar-A-Lago since he’s taken office. And that doesn’t include the estimated $75 million it cost for Melania and Barron to stay in New York.

via Trump’s Trips To Mar-a-Lago Have Cost Us More Than Mueller’s Investigation | Crooks and Liars

Fears of $400 million-a-year power price gouge trigger probe

Australia’s energy watchdog will investigate suspicions that electricity networks and gas pipelines have overcharged consumers by $400 million a year to cover their corporate tax bills.

Network charges have been the single biggest factor in rising household electricity bills over the past decade. The charges cover the cost of the “poles and wires” used to transmit and distribute electricity.

via Fears of $400 million-a-year power price gouge trigger probe

Linc Energy fined $4.5 million for serious environmental harm at underground coal gasification plant – Politics – ABC News (Australian Broadcasting Corporation)

Linc Energy's UCG to GTL Demonstration Facility at Chinchilla in southern Queensland in 2014.

Related Story: Gas company ‘knew it was causing damage but allowed it to continue’
Related Story: Linc Energy workers told to drink milk and eat yogurt to avoid acid burns, court told
Related Story: Linc Energy ‘did nothing’ to stop its alleged contamination continuing, court told
Related Story: ‘Unusual’ trial against Linc Energy over alleged contamination in Queensland

via Linc Energy fined $4.5 million for serious environmental harm at underground coal gasification plant – Politics – ABC News (Australian Broadcasting Corporation)

A Fragmented Review of Climate Change – » The Australian Independent Media Network

1)Oceans act as a sink for warmth, it takes them a long time to warm or cool through their sheer volume. In 2017 they were the warmest ever recorded.
2)2017 was the second or third warmest year recorded, depending on which dataset was used. Of significance, 2017, was the warmest year recorded without the influence of an El Nino event.
3)The Arctic sea ice extent and volume have continued to decrease, the lowest extent in September was the eighth lowest ever recorded. Volume has changed downward by about 80% since 1979.
4)Antarctic is being investigated quite profusely at present, its sea ice has been at low levels. The huge 5,698 square kilometre Larson C ice sheet broke clear in July 2017. A number of major ice sheets are considered to be at risk as grounding lines are moving shorewards.

via A Fragmented Review of Climate Change – » The Australian Independent Media Network

The ‘odious’ Adani coal mine – » The Australian Independent Media Network

$1.32 billion / 24.4 jobs = $54,098,361 per job By Michael Griffin Concerns about the environmental costs and damage to the nationally and globally significant Great Barrier Reef by the Adani Group’s Carmichael mine in Queensland, the world’s biggest coal mine, have been expressed. Yet the now discredited claims regarding the economic benefits that the…

Source: The ‘odious’ Adani coal mine – » The Australian Independent Media Network

Mining boom clean-up could cost taxpayers billions, says Australia Institute | Business | The Guardian

Report says mine sites may not be able to be successfully rehabilitated and warns of ‘big liabilities’

Source: Mining boom clean-up could cost taxpayers billions, says Australia Institute | Business | The Guardian