Sunday, June 1, 2008

Doing the Kevin Shuffle...

A little background to the second video main event. Where do they find these people?

The Shuffle... stick it out, 0:50 into the video...


All of Insiders is available here. I haven't seen it all, however, I have heard it was worth the watch - everyone on the panel bagged the current government.

(Hat tip Egg.)


stackja1945 said...

Where do they find these people?
Young Labor.
kae after the election "everyone on the panel bagged the current government." Where were they before the election? I do not believe the sudden turns. Like TH, now they are unhappy.

Wand said...

Hmm, well coming soon will be another Kevin Shuffle .... perhaps, then perhaps not. A green paper (how apt!) about the much vaunted Emissions Trading Scheme is due to be released in July but this gem from the Australian this morning says it all: “Garnaut target thwarts experts.”

From the article:

The scale of the cuts mooted by Professor Garnaut in an interim report in February overwhelmed the models and work has been delayed until August, barely a month before Professor Garnaut's final report is due.

The lack of definitive modelling results means Kevin Rudd may be forced to compromise his hardline election commitments on emission trading to create a scheme with enough flexibility to cope with unexpected problems that emerge after the proposed start date in 2010.


Draft modelling estimates that a $45-a-tonne price on carbon would be needed to deliver a 10per cent cut in emissions by 2020, which would shut down almost all remaining brown coal plants in Australia. This would require the construction of cleaner power stations capable of producing 14,000 megawatts within a decade, which could cost up to $50 billion.

Brilliant! - the models cannot cope with the cost imposts and I’m not surprised because the true costs (industry throttling and job losses etc) will be huge. However, the last paragraph that I quoted above is interesting too. Physically to construct 14,000 MW or power generation within a decade would be impossible. There would be some ’trifling’ details such as the sites to locate the power stations, the transmission infrastructure to connect them to the grid and oh yes the fuel - which would have to be gas. The price quoted translates to more than $3,500 per kW which is twice the cost of a new coal fired power station and gas costs about three times that of coal. Brilliant indeed. It doesn’t take an economic genius to work out what this would do... but there’s more (if the cap and trade scheme gets off the ground). And that is that as the years tick by, there will be less energy available for distribution because the scheme’s rationing process will kick in.

Brilliant idiots indeed! It will be interesting to watch Kevni’s spinning wheels in motion in the months ahead!