Australia’s enviable prosperity isn’t due to sunshine and breezes, it’s down to iron ore, coal and a bevy of other minerals including copper and uranium.
Australia also has an abundance of bauxite which, when a reliable and affordable power sources is added, turns ‘NT road-gravel’ into aluminium – a high-value metal used in all manner of applications, from mobile phones, window frames and hipster bicycles.
Australia’s remaining aluminium smelters and thousands of jobs are now under mortal threat. Thanks to an obsession with heavily subsidised, intermittent and unreliable wind and solar.
The same goes for a range of energy hungry businesses and the jobs and wealth they currently create.
The fastest way to destroy any businesses’ bottom line is to keep cranking up energy costs. Which is exactly what’s happening in Australia.
Already suffering the highest power prices in the world…
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