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It's because the mining industry lobbies the hell out of the Australian government for favorable tax status. I work in renewables and our process is nothing short of amazing, but it's still not going to be competitive with domestic oil until 2017-ish without the RFS2 mandates unless the middle east shits itself or carbon taxes start becoming a global thing. It is really really hard to beat the energy density of gasoline and the economy of natural gas. The real problem is hoping the climate doesn't falter between now and when they stop being economical against renewables.
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Sep 7, 2012 08:53
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| # ¿ May 10, 2024 09:22 |
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