By Jo Nova
In Great Achievements of Government mismanagement, there is a $1 trillion dollar boom in LNG infrastructure around the world, and Australia is one of the top three exporters of LNG, far ahead of the rest, yet we’re about to run out of gas to keep the lights on. It’s so bad we probably have to import gas.
As if anyone needed another example of how small-minded-dictocrat-decrees can screw up a free market and achieve the exact opposite to what they tried to arrange, feast your eyes on Australia.
It takes real planning to start this far ahead and still bollix this up:Australia was literally the worlds largest LNG exporter in 2020
One of our large energy companies APA Group says a vital Queensland gas pipeline was already running at capacity this winter, and things are so bad, gas power stations here may have to run off diesel, which is stupid on many levels at once. Not only does it lose triple points in Climate-Scrabble, being a dirty high emissions fuel, it’s one of the only fossil fuels we aren’t swimming in. We have 300 years in proven reserves of coal and if we’re lucky, just [...]