Streetwise Professor

May 19, 2019

G’Day, Greenies: I Frolic In Your Salty Tears

Filed under: Climate Change,Commodities,Economics,Energy,Politics — cpirrong @ 2:18 pm

I promised I would write a post on the Australian power market when a suitable article came along, and that time has come.

Check out the logic. Australia closes its coal plants (highly efficient, reliable, and with a cheap source of fuel given Australia is a dominant coal producer), and replaces them with wind. Wind, being highly erratic, requires (given the closure of the coal plants) gas-fueled plants to offset the variability of wind output, and as a result gas is on the margin most hours in Australia. And Australian power prices are sky-high because . . . LNG exports reduce gas supplies in Australia, keeping the price of gas high.


You cannot make up this stuff.

No. It’s not the first two links in the process that are blamed–the ones that those who are whinging deliberately chose. Instead, it’s the last link, which was an inevitable result of the first two choices.

This is blame shifting on crack.

I should also note that those gas resources that supply exports would not have been developed absent the export market. They would not have been developed to supply the domestic market alone. So LNG exports are a scapegoat for a problem created by conscious decisions by the green left (i.e., the watermelons) to jam renewables down people’s throats.

It is particularly ironic that this article came out shortly before the Australian election, the results of which have caused a complete mental breakdown on the left. The Liberal Party (which is to the right, relatively speaking, Down Under) staged a surprising upset of the Labor Party, resulting in an unhinging comparable to that in the UK after Brexit or the US after Trump. I can’t tell you the number of tweets I read where people–adults, allegedly–confessed to crying uncontrollably.

I frolic in their salty tears.

The irony comes from the fact that the Labor Party is hard core in its support for yet more attempts to decarbonize Australia’s economy. Perhaps they should consider the possibility that a major reason for their rejection at the polls is the anger of many Australians at the consequences of previous climate-driven policies (including sky high electricity prices), and their wanting no more of such nonsense.

The shock on the left at the outcome shows that three years after Brexit and two-and-a-half years after Trump the leftist elites have learned nothing, and forgotten nothing. It is no doubt another example of their perpetual bullshit loop in action. Leftist-friendly views dominate the media. Anyone expressing contrary views is attacked, which leads to self-censorship and preference falsification. So leftist opinions and sentiment dominate public discourse, convincing leftists that everybody agrees with them, except for a lunatic fringe. But in the privacy of the polling booth, people can express their true views, and perhaps do so with a relish, as this is an opportunity to stick it to those who shout them down. The result is shock and dismay on the left.

But they are as ever incapable of learning, instead just writing off their conquerors as cranks and extremists. As annoying as they are, I hope they don’t change. Because as long as they don’t change, they will continue to lose.

Ironically, the left’s climate change obsession is one of the things that doomed them:

Australian conservative Prime Minister Scott Morrison’s surprise come-from-behind win in national elections was fueled by a campaign that focused on fears that economic and climate policies pledged by center-left opponents would end the world’s longest growth streak.

. . . .

Climate change re-emerged as an election issue following a summer of wildfires, drought, floods and extreme temperatures. Voter support for policies aimed at addressing climate change was at the highest level since 2007. But, as in the U.S., divisions grew more stark as the issue gathered steam.
Labor pledged to reduce emissions by 45% from 2005 levels by 2030, after Australia under the conservatives became the first developed nation to abolish a price on carbon in 2014. The party also promised a push on renewable energy and electric vehicles, offering detailed and transparent policies that opened its agenda to months of concerted attack from Mr. Morrison.

Given the track record (e.g., the high electricity prices that motivated this post), this was a target rich environment for Mr. Morrison and the Liberals. And it is evident that they put much steel on the target.

Also ironic is that the Labor Party was defeated in part by the impact of its climate policies on what was once upon a time the bedrock of labor movements and parties around the world: coal miners, and those dependent on coal production. This demonstrates yet again that left parties have basically abandoned their historical constituencies, and are now dominated by effete metropolitans who are not only completely unfamiliar with muscular labor, but actually despise the muscular laborer.

Excuse me while I engage in a little long distance schadenfreude, and scroll through Twitter to witness yet another meltdown by the Bourbon left.

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  1. Excellent post Professor. Spot on.

    Comment by Crankshaft — May 20, 2019 @ 12:39 am

  2. Saturday night’s result really was one of life’s small pleasures. Just as good – for this Aussie, anyway – as Trump’s victory and the Brexit result, albeit much less important for the world.

    Heaven knows the tories didn’t deserve to win. But after three goes they have finally found a leader who can talk to ordinary people and who doesn’t look like he is going to abandon his base to chase unwinnable hippie votes. On the other side, the arrogance that came with a strong lead in the polls made los collectivos think that they could say anything and propose anything and still win. So we had them going the full open-borders, climate-megadeath-insanity, tax-loading leftist quadrille. One of them even had the temerity to say: ‘If you don’t like our tax policies, don’t vote for us.’

    So people didn’t. And I am glad.

    ‘You cannot make up this stuff.’

    Unhinged, in the genuine meaning of the term. Divorced from reality, and unwilling to think through consequences.

    ‘I can’t tell you the number of tweets I read where people–adults, allegedly–confessed to crying uncontrollably.’

    I had plenty of fun replying ‘LOL’ to them.

    Drink deep, Prof. The well is full to the brim.

    Comment by Global Super-Regulator on Lunch Break — May 20, 2019 @ 2:05 am

  3. Tiny thing – it’s Labor Party in Australia, not Labour.

    Comment by Tim Worstall — May 20, 2019 @ 2:50 am

  4. Interesting that you noticed the suicidal tendencies of the progressive left extend to Australia. I do enjoy taking the Liberal how to vote cards on my compulsory attendance to the local polling place, preferably in clear view of the the inevitably purple haired Victorian Socialist, or friendly green.

    Occasionally I worry when our betters learn to suppress those that oppose them that we will have supervision in our private booth, or other more severe direction. Such is democracy in other places.

    Comment by View from Northcote — May 20, 2019 @ 6:13 am

  5. Any recommended tweeters to frolic in their salty tears?

    Comment by The Pilot — May 20, 2019 @ 7:58 am

  6. @Tim–Thanks. I’d caught that after reading some of the other coverage and changed. Thanks for the head’s up.

    Comment by cpirrong — May 20, 2019 @ 10:42 am

  7. @Pilot–Several. Give me a bit and I’ll share a few. An embarrassment of riches!

    Comment by cpirrong — May 20, 2019 @ 10:43 am

  8. just search #auspol on twitter for a stream of mostly lefty anguish and anger.

    Comment by pete m — May 20, 2019 @ 11:48 pm

  9. So in three years time when the 2022 rerun of the Maunder Minimum is getting going, and Australia’s deserts turn to sort of productive grassland, and Tasmania gets bulldozed into the Bass Strait by new glaciers stampeding up from the South Pole, do you think the Greenies will shut up?

    Comment by Winston Smith — May 21, 2019 @ 1:19 am

  10. @pete m, @Pilot–“#auspol tears” and “#auspol cry” give you more targeted results, including loads of schadenfreude inducing snark.

    Comment by cpirrong — May 21, 2019 @ 6:31 pm

  11. Perhaps the reference should be “crack record” instead of “track record” for the unhinged lefties (a redundant phrase, perhaps).

    Comment by elmer — May 22, 2019 @ 8:38 am

  12. […] G’Day, Greenies: I Frolic In Your Salty Tears […]

    Pingback by Live From Houston Texas | Catallaxy Files — May 23, 2019 @ 3:38 am

  13. Well done dear professor –

    But …

    the Liberal Party has been in government for 6 years; this was not an election that replaced incumbents. And much of the folly you note occurred under the Liberal Government’s watch; including the Liberals signing up to Paris and taking a commitment to remain in Paris to the election.

    Comment by TAFKAS — May 23, 2019 @ 3:39 am

  14. The myopia of the left is surprisingly international in scale, aided and abetted as it is by globalized media elites. So far this has been of great advantage to the right, which has been able to move almost stealthily beneath the radar of the media. But how long can it last, and is there anything that the right can do to make it last?

    There’s been much talk about the balkanization of the internet, in that left and right wing voices tend to flock amongst themselves, rarely interacting with the enemy camp. Conventional wisdom would dictate that both sides would benefit from pooling information and viewpoints, but so far it seems that only the right has been able to make it work by producing surprising electoral victories. I think this is mainly caused by the fact that 90% of Main Stream Media leans left, thereby lulling leftwing voices on the internet to sleep. The right is put into the position of fighting the power, electrifying the ranks to concerted action where, in the past, they would resign themselves to the state of things as defined by MSM.

    Perhaps the worst thing that could happen is that MSM would be more fairly representative of viewpoints, in an even 50-50 split. That, by far, is not going to happen for quite some time.

    Comment by I.M. Pembroke — May 23, 2019 @ 9:34 pm

  15. Yes and yes, but.
    Unfortunately, the Liberals are wet as water and merely slightly less politically correct than Labor. Politicians cannot say the global warming is a mass hysteria, cannot call out leftist virtue signalling for what it is, cannot defend Western liberalism and economic rationality.

    Not so much a win. A breathing space on the race to insane objectives.

    Comment by Chris — May 23, 2019 @ 10:17 pm

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