The Wizard of Oz is a Finkel


The Chief Scientist Finkel must be a mighty medieval Wizard if he thinks his "Blueprint for the Future" will reduce energy prices and secure Australia's energy future.

Respected Journalist Robert Gottliebsen writes: (LINK)
......unless we follow the Finkel plan longer term there is a near certainty of extended and regular blackouts in Victoria, NSW, and Queensland. South Australia has already experienced blackouts so understands what can happen. It is heading in the direction outlined by Finkel. 
Australia can be very grateful to Alan Finkel.
Mr Gottliebsen seems to be at odds with many other commentators.

Climate Scientist Bill Kininmonth, in an opinion piece in the Australian wrote: (link)
The blueprint does not address the appropriateness of the Paris ­Accord as a policy objective (too hard? — politically incorrect?). There is no acknowledgment that global temperatures have failed to match the Intergovernmental Panel on Climate Change scenario of ­anthropogenic global warming and scientists don’t know why. 
The need for the blueprint is that the electricity market is ­becoming increasingly distorted as governments pursue policies aimed at reducing carbon dioxide emissions. The distortion is manifest as a reduction in security and reliability of the infrastructure and higher prices.
Note:  "security and reliability of the infrastructure..."

Bill adds:

It is unfortunate that the Chief Scientist did not conduct an independent review of the science ­underpinning the contentious ­hypothesis of dangerous anthropogenic climate change before embarking on a blueprint for the national electricity market. A misplaced objective of emissions ­reduction at the expense of affordable and reliable electricity ser­vices will unnecessarily impov­erish Australians. (bold added)
Former Treasury official, Des Moore commented on Bill's piece:
Finkel must be joking when he claims the new clean energy target with high-cost renewable of 42 per cent by 2030 would reduce prices. For prices to then fall would require huge subsidies to persuade investments in wind and solar farms. How could Malcolm Turnbull possibly say that the blueprint has “merit”? 
Meanwhile Finance Wizard Terry McCrann, in the Herald-Sun wrote:

Cheaper power or more pollie preening?
WE can have cheaper electricity and we can have reliable electricity. Or we can have prime ministers, foreign ministers and energy ministers like Malcolm Turnbull, Julie Bishop and Josh Frydenberg able to prance and preen at international conferences. 
At the current polling, Terry notes that, after the 2019 election, it will be Shorten, Wong and Butler who will be doing the dancing and preening. And the chief scientist knows "next to nothing about economics or business reality [and here is the stinger - Ed]or even just plain old reality.

And then Terry reveals the really tragic message:

Finkel wants to increase the amount of electricity we get from wind and more so from solar by anywhere between four and six times what we get now.....[however] THE only way you’ll get cheaper, plentiful and reliable electricity, is the same way we got it for going on for most of the 20th century: from coal-fired power stations.
Terry reveals the truth:

The idea that you could replace that combination with utterly erratic wind and solar and batteries should instantly strike anyone with an IQ of more than 100 as laughable — as insanely, suicidally laughable. But forget about households having to pay more and live with the “occasional” blackout, try persuading someone to invest $1 billion in a new manufacturing plant on the promise of that.
So, I would listen to financial Wizard, Terry McCrann. I would NOT listen to the Wizard of OZ - Alan Finkel, whose report looks like something from Alice in Wonderland rather than a report from reality.







Comments

  1. What an unmitigated disaster energy supply has become.  I sense a Perfect Storm heading our way sooner rather than later. 

     All because politicians have been conned & had the ‘frighteners’ placed on them by the Left, The Greens & the UN IPCC (hiding behind the UN’s devious Agenda21/2030) about CO2, a miniscule, invisible trace gas, essential for life on earth that’s now morphed into what arguably is the greatest scam ever to be perpetrated upon mankind, with rent seekers aplenty having an absolute field day with their noses in a $23B trough of funding & subsidies for the ‘Unreliables’. 

     Continued meddling by politicians in our energy supply v’s a market driven solution will create a ‘Perfect Storm’, sooner rather than later;

    . Ever increasing electricity & gas prices. 

    . Declining levels of reliability. 

    . Heavy industry will move off-shore to countries with markedly lower cost structures (eg India, China & Vietnam, all of whom happily use least cost coal, much of it imported from Australia!) for their primary power generation, costing us jobs (wealth redistribution – sound familiar viz-a-viz Agenda21/2030).

    . Growing scientific evidence re Solar Cycle 24 indicates noticeably declining energy from our sun leading to another  'Little Ice Age’, already evident by some accounts leading to declining crop yields.

     When it all comes together, we’ll end up with; highest energy costs, least reliable power, declining employment coincident with unpreparedness for a cooling (colder) planet & as a consequence, reduced ability to feed a growing global population.

     What a mess.

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  2. Both sides of government want this as another way to keep inflation going. They make money off inflation in the stock market and so this is just another way to ripoff the Australian People again. We ought to find True Conservatives and elect them to Parliament. Right now, I am a Liberal Party member and am ashamed.

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