By Jo Nova
Senator Ron Boswell (National Party) makes the case in The Australian today that Australia is losing manufacturing due to rising energy costs, while the US is gaining manufacturing back from China because it has a cheap energy advantage with shale gas.
I could make the case that when Big-Government tries to change the weather, it has moved into the realm of witchcraft. There is no empirical evidence that reducing CO2 will measurably reduce storms, floods and sea-levels, and there is no economic calculation that suggests Australia can afford to change the global climate (even if it were possible). Business is doing the only sane thing and shifting to countries that are more rational.
Such is the “National Conversation” on these policies, it is impossible to say exactly how much The Carbon Farce has cost Australian business, due to the complexity of supply chain accounting and the rule that the government will put you in jail if you publish an estimate that is wrong. There are other factors at work, but there is no situation where higher energy costs make business easier, unless your business is one of the ones making expensive energy….To Read More….
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