Albo worse than Putin on energy

Would Australians be better off at war with Moscow than with Canberra as its capital? It’s more than a fair question because there are distinct parallels between the two.

Moscow has resumed Nord Stream gas flows to Europe after a few weeks of suspension:

Russia began sending natural gas to Europe through the Nord Stream pipeline system after a pause, bringing relief to a continent whose economy is starting to wobble under the strain of reduced supplies.

Shipments returned to 40% of capacity, their level before flows were halted for 10 days of planned maintenance, data from the pipeline operator showed.

Albo’s foreign gas cartel operating on Australia’s east coast has done likewise:

Queensland’s gas producers have increased shipments south as the threat to the east coast grid eases, following emergency intervention from the Australian Energy Market Operator to limit the export of spot shipments from Victoria.

At various times this week, east coast gas prices have hit $60Gj, on par with Europe.

These weak flows of critical reserves have resulted in the depletion of inventories. Though on that measure, Europe is actually better off. It’s been rebuilding its reserves while Australia’s are at record lows. Mitigating scarcity pricing there, but not here.

This is amid the absurdity of availability. We have staggering amounts of gas coming out of the ground at $1gj while Europe has none.

Albo and Putin share another parallel. They are both strongly allied to China. Though on this score, Russians are better off than Australians are.

Russia is making enormous amounts of money by shipping its gas to China. It owns and takes the profits.

Australians are making none. Albo doesn’t tax the east coast gas cartel. Plus he allows it to hollow out the east coast economy to the tune of $50bn so he’s losing a lot of tax from all other sources because he has to compete with a private energy levy.

The direct consequence of this is that very cheap energy helps reassure Russians that their defence manufacturing capability is strong. So they don’t need to worry so much about building the Chinese economy with their exports.

But, on Australia’s east coast, Albo’s energy chokehold will throw the last of our widget-makers into the sea over the next few years, leaving Aussies to defend themselves with (imported) paddle pop sticks. Even as Albo promises greater industrial resilience.

Moreover, with 71% of the gas going to China, Albo is simultaneously building its power projection capability as it occupies neighbours like the Solomons.

There is one final reason why we’d be better off at war with Putin than making friends with Albo.

When confronted with a wolf, you know how to protect yourself.

More dangerous is the wolf in sheep’s clothing that tricks you into its jaws and then devours your stunned flesh.

Houses and Holes
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Comments

  1. Ronin8317MEMBER

    To get any change, Australians needs to storm the Parliament House like what happened in Sri Lanka. When the power bill quadruples before the end of the year, we may get there.

  2. Atom Heart MotherMEMBER

    I slapped a reply to a Zulu comment yesterday vis Albo abd ALP……

    They may be a one term government and lame duck for much of that. Though i dont think the Tories would offer any better….

    Labor have been handed a golden opportunity to change the narrative for decades to come but are not taking it.

    This is the real issue. The ALP know that changing the narrative for the future involves changing the narrative of the past 40 years.

    That narrative was ‘markets’ deliver best outcomes, deregulation is the way to go, outsourcing public utilities and databases delivers better societal outcomes, turning working people into debt serfs makes them more quiescent and ‘manageable’, lower interest rates generates greater economic activity, rising housing prices is a good thing as people will spend more off the back of that, tax cuts for the wealthier will ‘trickle down’ to everyone else, ‘free trade’ was only ever a ‘win’, selling education to immigration aspirants was a ‘win win’.

    The ALP has a problem with that – it bought it all, box and dice, and was a willing purveyor of that mindset even when its own rusted on voters had their lives trashed.

    The reason the ALP dont want to touch the ‘market’ now is because they know that once they go there they will be examining a whole lot more. They dont have the political cojones for that. They cant reward their vested interests whilst doing that, and they are terrified of where that examination of policy and data may take them as a party, and Australia as a nation.

    They want to weasel out. The RBA look like going under a bus. There will be a few more do likewise.

    A crash and burn ALP Government may be what this country really needs after booting a detested bigot government, if that is what it takes for Australian politics and Politicians to take a good hard look at themselves and what they deliver.

    • ErmingtonPlumbingMEMBER

      Do our parochial little politicians of any of our political parties even have the organisational capacity to stand up against the resources of the privatised everything, anti-democratic, global corporate plutocracy that increasingly infiltrates & subverts democratic Elected governments across the world with the goal of placing all economic decision-making squarely in their Neo Aristocratic hands.
      Meanwhile the #FakeLeft are warbling on about “white privilege” and the GLBTIQ circus while these people are systematically eradicating nation state democracy with REAL Power and Privilege.

      These WEF Knts were even trying to privatise the United Nations!

      Their Young Global leaders program and their 450 city global shapers program need much more scrutiny than it currently receives,

      “In a 2017 interview, Schwab said that Russian President Vladimir Putin had been recognized as a Young Global Leader, and also mentioned Canadian Prime Minister Justin Trudeau: “I have to say, when I mention now names, like Mrs. (Angela) Merkel and even Vladimir Putin, and so on, they all have been Young Global Leaders of the World Economic Forum. But what we are very proud of now is the young generation like Prime Minister (Justin) Trudeau … We penetrate the cabinet. So yesterday I was at a reception for Prime Minister Trudeau and I know that half of his cabinet, or even more than half of his cabinet, are actually Young Global Leaders.”[155]

      In September 2019, more than 400 civil society organizations and 40 international networks heavily criticised a partnership agreement between WEF and the United Nations and called on the UN Secretary-General to end it.[156] They see such an agreement as a “disturbing corporate capture of the UN, which moved the world dangerously towards a privatised global governance”.[157] The Dutch Transnational Institute think tank summarises that we are increasingly entering a world where gatherings such as Davos are “a silent global coup d’etat” to capture governance.[146]”

      https://en.wikipedia.org/wiki/World_Economic_Forum

      • Those things you mentioned are small targets, they often don’t require solutions or there isn’t a realistic one but just talk of a solution is sufficient. They suck up levels of political and social oxygen orders of magnitude larger than their actual existence or impact, they get you traditional press and plenty of ‘likes’ in the new press and for the egocentric, it feeds the inward and outward perception of ones virtue while ensuring you stay on the ‘right’ invite lists.

        Given all those wonderful qualities is there any surprise that politicians of all tribes love to languish in them? Let’s see, take on global energy/mining giants, the US war machine, global pharma etc etc OR fight the good fight against non existent white slave drivers, the xx% faux pay gap, the lack of trans representation in an upcoming space range flick or the rights of a foreign citizen to come and enjoy the services you don’t use, over populate an area you will never frequent and work as your hired help for minimum wage…… pretty clear choice

      • Jumping jack flash

        No.
        They’re all a bunch of uninspiring, impotent and insipid whingers.
        But that’s by design.

        We select our leaders from the list of acceptable selections. Those on the list are promoted by groups of people based on how well they think their candidates represent and appeal to the average.

        As such, we have a bunch of average people ruling us in times that call for exceptional people. Its not going to work.

  3. Oh Totes where art thouMEMBER

    The only small comfort is that we know under the LNP it would not be any better.

    • It would in fact be worse as they had zero ambition regarding renewables/emissions. The footprint of coal in our power generation is testimony to that.

  4. it’s so much more than 50bn, they knocked the meters off ages ago, like the Murray. ACCC is a bad joke at best.

  5. Jumping jack flash

    “There is one final reason why we’d be better off at war with Putin than making friends with Albo.”

    Nah, not Putin. Xi.

    And the war against China will only start up once they’ve all finished with that circus they’ve created in Ukraine, or die trying to finish it, I guess. Things aren’t looking too good.