Long Way to Run: Warren Buffet Rejects All-Renewable Future With $10 Billion Bet on Oil & Gas

STOP THESE THINGS

Australian voters just shredded the notion that the proletariat is wedded to heavily subsidised and chaotically intermittent wind and solar.

Labor’s Bill Shorten sought to ram a 50% Renewable Energy Target down voter’s throats; a concept which the vast majority of them duly rejected.

Sure, there were plenty of other issues that sank the Green/Labor Alliance. However, it should be remembered that 2019 was billed as the ‘Climate Change Election’, with wind and solar pitched up as the only panacea to what has now become a ‘climate emergency’.

Pundits professed, with great certitude, the notion that the Australian public just can’t get enough intermittent, unreliable and unaffordable electricity. Well, that didn’t quite pan out. Bill Shorten slunk off the political stage, a wounded and embittered hero of renewable energy zealots and rent seekers, alike.

Another part of the meme was that the markets had already turned their back on fossil…

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