Australia - don't screw up!
How Energy-Rich Australia Exported Its Way Into an Energy Crisis
The world’s No. 2 seller abroad of liquefied natural gas holds so little in reserve that it can’t keep the lights on in Adelaide—a cautionary tale for the U.S.
On a sweltering night this February, the world’s No. 2 exporter of liquefied natural gas didn’t have enough energy left to keep its own citizens cool.
July 12th, 2017 2:51pm
July 12th, 2017 2:56pm
Yeah, this happened to California with Enron -- deregulation of the industry allowed a company to corner the market and then jack prices up for California.
The "pure" free market tends toward Trusts and Monopolies and once those are achieved the public gets screwed over.
Only Government are entities large enough and powerful enough to enact rules to prevent that. And if they DON'T enact such rules, the public gets screwed over.
July 12th, 2017 3:05pm