TURNBULL ALL OUT OF IDEAS AND OUT OF LIB COLLEAGUES TOO
… but punting him won’t be easy, well not this year
Four-time Walkley Award winning political commentator and Churchill Fellow, has returned to the fray over concern that the integrity of news dissemination is continually being threatened by a partisan media.
It’s not hard to see what the PM is all about. Simply note who he asked to compile a report on renewable energy… and that report reflected exactly his own thoughts, otherwise he wouldn’t have engaged Finkel who he already knew was a Lefty global warmist. Finkel is to Turnbull what Gonski was to Gillard.
Politicians know to never commission a report unless you know exactly what that report will advise.
There are now three blind mice on the Speaker’s right and all three, Finkel, Frydenberg and Turnbull, should have crept silently over to the Left of the Speaker and no-one would have noticed.
But two of the three have suddenly done a somersault now that voters are venting their spleens over energy prices. Suddenly Turnbull and his fellow fuckwit Frydenberg have decided that we DO need, and will CONTINUE to need, coal-fired power stations and the Labor Green States are now blowing them up at a rate other nations are building them.
Both had a road to Damascus epiphany overnight and Turnbull, in a sweaty panic summoned the boss of AGL, Andrew Vesey, to harangue him over excessive power prices and his (Vesey's) intention to close the Liddell power station in 2022.
How is it possible a so-called successful merchant banker like Turnbull apparently doesn’t have a clue how business works? Now I’m no mogul but I have a rough idea how it works and if he is reading this he might discover how to run a simple chook raffle:
Andy Vesey is not responsible to, nor does he have any allegiance to, Turnbull. He is responsible only to AGL’s shareholders and of course himself.
If the Liddell station is to have a minute’s life after 2022, Vesey would need to start spending millions upgrading it each and every year for the next five years right now, and thereafter even more money will be needed.
He will close it in 2022 and that is a certainty because to keep it open would involve him being in competition with himself.
So he doesn’t want anyone else buying it either… and no-one else with an ort of sanity, except the Government, could buy it anyway. Turnbull now claims a victory because Vesey said he would think about it and get back to him in 90 days.
Hazelwood's last gasp
Why is it that these power stations are not being dismantled but BLOWN UP? Because for anyone to restart these things would cost people like Vesey a personal fortune and he doesn't need three months to explain that to the PM.
If Vesey can outperform his competitors his bonus haul will be massive.
WTF does the Government expect an AGL CEO to do? Chuck away $1.2 billion so he can make Turnbull look good?
Vesey put it this way: "And the question we have to ask if we're going to make a significant investment in generation, would we do it in an older plant which is less reliable with higher maintenance costs or should we be making that investment in new technology which aligns with what we believe is the future which will be a greater value long term to our shareholders and customers. Well, we've chosen the second and we are still of that view."
Vesey continued, "When Liddell reaches the end of its life in 2022, 1680 megawatts of effective capacity or about 8000 gigawatt hours of annual energy will be withdrawn from the NEM."
He is not exactly telling the truth, but near enough if you read between the lines.
Withdrawing that amount of gigawatt hours from the National Energy Market will send the price of energy soaring once again as the available supply steadily diminishes creating another windfall for AGL and a growing list of disconnected poor.
So, in the past five years AGL’s stock price has more than doubled from $13 to $27 on the back of renewable subsidies provided by the Government (taxpayers) of Rudd Gillard Rudd, and now Turnbull.
Australia has become an international playground for greedy CEOs of energy companies, and there is no-one in government smart enough to stop it. Our poor should be lining up at UNHCR camps around Syria where they are treated better than here.
Gillard alone, under pressure from the Green Alliance, provided $10 billion of borrowed funds to ensure the demise of coal and Abbott was never going to get that amount reduced in a Green dominated Senate.
The reason we have the most expensive energy in the world is because we have given outrageous subsidies to renewables that haven’t produced enough to run an electric shaver but have ensured that the Veseys of this world will make billions by closing cheaper stuff that works in favour of taxpayer-provided subsidies.
Bastard? Or just another businessman? Or both?
Vesey’s victims are 40,000 disconnected poor people unable to pay him. How do they eat rancid meat, sour milk and mouldy vegies? No refrigeration, no hot showers, no lights, no TV, not even a microwave oven. The pool goes green and the carpets get dirtier and mobile batteries stay flat..
This is a rare madness that we should have expected Turnbull to see coming. He didn’t see it, and he perhaps still doesn’t. But the Libs’ Right sees exactly what it’s all about and they can’t get rid of Turnbull until the new year, after the High Court has sorted out this dual residency business, or in the interim, they could get left up to four seats short between the Senate and the House.
If the High Court rules in all doubtful Members’ favour the Libs can then punt Turnbull.
But it will still be risky. Punting him will certainly mean he spits the dummy, as he did before. The Party will not invite him back a second time. His vindictive nature will ensure a by-election is held for his seat of Wentworth.
The Libs could retain the seat, but if not, they could do a Gillard and replace the Speaker with a dumb troublesome cross-bencher, leaving Tony Smith on the front bench to the Right, thereby retaining its majority of one with a new PM calling an early election that could see Shorten in The Lodge holding gear-off parties with Canberra Hospital's nurses and his dodgy union mates.
What an unholy mess!
Stop the subsidies, get out of Paris now and start building nuclear reactors and ignore the Greens. They don't want anything. No damning of rivers, no coal, no gas, no nuclear... doesn't that tell you they want the destruction of Australia so they can begin anew where only the wind chime and bong manufacturers survive?
We will have to put up with this fool of a PM and his treacherous sidekick, the Stick Insect, until after Christmas,
(or should I say, "until after our end of year seasonal vacation").