| sources and acquaintances in the city have informed me that an energy company has decided to abandon its Victorian Plant. It is walking away from it. It means that Victorians will not only face what happened last summer, blackouts covering numbers of suburbs of long duration, and killed Victorians. They now face a ‘brown-out’, an outright cessation in production in existing capacity by a large factor. lord of the ring gold To head off the anti-free market and Leftist brigades, the company writing off this investment as a dead loss is not due to free markets. It is entirely due to the combined anti-free market policies and Greens policies in the form of carbon taxes of the Left and Right in the Victorian Government, from the Kennett administration, through to that of Steve Bracks and John Brumby. The word is, the company can no longer even maintain existing capital and let’s examine this to make sure what has transpired. LOTR Gold1. In February 2005 (at the latest), I gave a brief summary of how the “Right” under Kennett had ‘privatised’ the State Cabinet’s former monopoly over energy production. The information was furnished by senior sources inside the Kennett Administration. wow power leveling Privatisation retained the fact of monopolistic control for one end, the firms are kept as cash cows for Cabinets to prop up their spending sprees - as Jeff Kennett proudly boasted. Power production was split between producers and retailers, isolating the former from customers and shielding the politicians’ abuse of customers through the front of ‘retailers’. Fundamental to the last point is the notion that retailing prices could be capped but those of the former, ‘wholesalers’, could be uncapped - to extract maximum revenue’. This shows appalling ignorance of how market processes establish prices, in particular it is customers that decide prices. Prices paid by customers sets all the factor prices. Firms cannot extract anything more, contrary to the assumption behind capped and not capped prices. LOTRO GoldAnother feature of anti-free market ‘privatisation’ is it provides cover for politicians to retain control over the firms, and this was entrenched by regulatory measures. the privatised firms remain under effective control of Cabinet. LOTRO GoldThe political advantage of this wheeze is, for example, price hikes due to cuts in production can be blamed on retailers, and on the ‘wholesale’ firms. Ditto other irritations. maplestory Meso2 . Successive Cabinets, and Local Councils are also in on it,treating energy firms as their cash cows, have to say the least hampered the their capacity to build capital funds for maintenance and expansion. maplestory Mesos3. In 2004, Steve Bracks rammed down a ‘law’ coercing the energy firms to subsidise the windmill fraud. This is direct destruction of capital of coal based energy firms runescape money4. Steve Bracks also rammed down another ‘law’ that made it a criminal offence for the firms to increase capital beyond limits set by Cabinet. Making this act of criminal thuggery worse, that cap did not barely allow for what then was required for mere maintenance, let alone increase in capacity to cater for long run demand. When Bracks rammed this down, the firms were planning for increase in production by a large factor; Bracks killed this stone dead. runescape gold5. Bracks imposed a per tonne tax on production of coal, attacking a vital part of the capital structure of the firms. 6. By 2008, though the Cabinet tried to conceal this, it was transparent the firms were being starved of capital. There was the report by employees that plant had become very unsafe, due to lack of maintenance. 7. Rudd’s carbon tax saw share prices tumble in March 2008. In the same period, a major Japanese energy firm killed a planned a new coal based plant for Japan in the face of Japanese politicians aims to impose carbon taxes. In Britain, energy firms’ heads were complaing the Blair-Brown carbon taxes were crippling their firms; they were failing to raise capital funds to invest in them. wow powerleveling The reason for the energy company writing off its Victorian investment is, my city sources told me, it is failing to meet its capital maintenance requirements, thanks to the Right and the Left and their rotten Green policies. Starved of capital, crushed under taxes (which includes regulation), the investment is worthless. The capital is not so much being consumed as destroyed by the Right and the Left. In case any bright spark says, ‘but someone else could take it up’, the answer is: no-one will step in and sink their capital, just for the sake of watching it destroyed -thanks to the rotten parasites of the Left and the Right in Victoria. The investment is wiped out, thanks to that pack of criminal, lying thugs and their Greens policies. Last summer, Victorians died. What on earth is going to happen this summer?! Readers, last week I promised fireworks. I didn’t realise sources were about to hand me a missile battery. More to follow, and this ain’t all, readers. |
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