Canberra breeds many white elephants, but now they are breeding a gigantic new breed of pachyderm in Australia’s Snowy Mountains – a Green Elephant. Grandly named “Snowy 2.0 Hydro-Electric”, it has the compulsory green skin, but it is just another big white elephant under a thick layer of green paint.
Snowy 2.0 plans a hugely expensive complex of dams, tunnels, pumps, pipes, generators, roads and powerlines. Water will be pumped up-hill using grid power in times of low demand, and then released when needed to recover some of that energy. To call it “hydro-electric” is a fraud – it will not store one extra litre of water and will be a net consumer of electric power. It is a giant electric storage battery to be recharged using grid power.
This is just the next episode in an expensive and impossible green dream to run Australian cities and industries, plus a growing electric vehicle fleet, on intermittent wind and solar energy and without coal, gas, oil or nuclear fuels.
Continue reading “Guest Post – Viv Forbes – Breeding Green Elephants”
Are you enjoying your hamster-wheel yet? Would you like another carrot cube?
If we didn’t allow our federal government, its agencies and quangos to become so big in the first place, we would not be debating the need for a federal ‘integrity’ commission. We also wouldn’t be funding a museum to house Julie Bishop’s stinky used shoes (yes, really).
Unfortunately, our federal government is the biggest game in town and it’s been acquiring extra influence and power for some time.
Continue reading “Whose Money is it?”
‘If we are victorious in one more battle with the Romans, we shall be utterly ruined’
(Pyrrhus of Epirus)
One of the first posts ever written on TMR was Tony Abbott’s Prime Ministerial Obituary.
Malcolm Turnbull doesn’t need a similarly written obituary: he’s done a perfectly good job of writing his own.
Continue reading “Malcolm Turnbull’s Prime Ministerial Obituary”
As parts of Australia’s east coast experience record low temperatures and Perth continues to experience healthy amounts of rainfall, I can’t help but remember the time in 2004 when Tim Flannery said that there was a ‘fair chance’ that Perth would become the 21st century’s first ghost metropolis – based on what appeared to be a two month, self-selected crash course in reading some stuff he found… and the subsequent soiling of his pants:
Continue reading “Why Isn’t Perth a Ghost Town Yet?”
If all you did was listen to Treasurer Scott Morrison on budget night and the half-baked media commentary that followed, you could be forgiven for thinking that Australia has practically paid off its debt, the good times are already rolling and that the only ‘losers’ are going to be a few drug dealers and tradies dealing in cash:
Continue reading “The 2018-19 Federal Budget: the Ghosts of Budgets Past”
With the commitments of running a business and the sheer volume of material to work through in the budget papers (and my dogged refusal to cut corners), it’s taken a bit longer to get TMR’s federal budget analysis done this year.
Rest assured, I’m almost there and will have it posted very soon.
Watch this space!
Despite having delivered Australia’s finest budget analysis for the last two years running, TMR still hasn’t received an invite to the budget green room. Consequently, while imbeciles like Shane Wright get to see what’s cooking in advance, TMR can only access the following at the moment:
Continue reading “Ghosts of Budgets Past”
What more does Kelly O’Dwyer need to do to show that she’s clearly not qualified for the role of federal government minister?
This is her complete disaster of an interview the other day regarding the banking royal Commission,
This was TMR smelling something very fishy when it came to O’Dwyer two years ago:
Continue reading “O’Dwyer Keeps Delivering”