National party
Their leader who has studied and worked for the productivity commision came up with a dreadful idea yesterday. economics. He says there is plenty of oil in australia, Good thus far. He said the reason it wasn't being explored previously aa was because prices were too low to make it economic. Even better thus far. BUT he then goes on to promote a domestic oil industry. so he is in fact saying high prices will remain with us for a long time ( in the long term is the jargon) BUT he also says the present rise is only a short term phenomena. Note they are contradictory statements. Companies only invest in such ventures when they are confident of long term success. Thus would you be investing in oil exploration and refining?
Canavan is a protectionist thus saying whatever he studied at university was wrong!
climate change
I have noticed a bewildering lot of criticism coming from 'right wing' commentators at Chris Bowen. In most criticism there is a whole lot of economic ignorance. I heard one person say NSW is reliable because of our browns coal. Coal aint reliable and we have no brown coal Victoria has it!!
Batteries are roaring. This will have a significant effect on the market. We have seen commercial batteries reduce wholesale prices in the evening as they take market share from high cost gas.
Defence
As we raise our defence spending we must learn from Ukraine and its drone technology. We get a female head of army.
AI
Are we seeing the first effects of it?
No comments:
Post a Comment