New Generation

The moral outrage by David "Fartman" Parker,Lianne Dalzeil and the Labour Party over Contact Energy today announcing power prices rises leaves me more than a little confused:

"However we will be asking Cabinet on Monday to consider whether a broader inquiry is needed into whether these price increases are evidence of a lack of competition and market power being used to ratchet up prices," the ministers said.

Ms Dalziel said she could not see how the increases could be justified.

"The latest price increases, especially for residential consumers, follow a worrying trend of price rises in excess of general inflation, and I intend to ensure that the market is not being manipulated by electricity retailers."

NZ Herald

The facts are that Contact is putting up power prices because Labour have not allowed enough new generation to be built because of the global warming myth and are set to pile more cost on to consumers power bills through their dodgy climate change policies. David Parker has got his sticky little socialist fingerprints all over the mess.

Restrict generation, ipso facto power prices rise-well duh!

Contact Energy had to run a diesel power station at full blast for most of 2008 because of the lack of power generation for goodness sake.

Parker's inexperience shows in this quote from him today:

"The gap between residential and industrial charges was difficult to understand"

What the fuck?!

David if you are a industrial power user you generally use more power and like any other product or service you will be able to negotiate a lower price for bulk usage.

That is the way any market works and is general practice with power companies. Perhaps you could talk to a couple instead of grandstanding weeks before an election.

This collective is overseeing the energy portfolio and the Carbon Credit tax scam.

We should be worried.

Related reading

Carbon Credit trading puts markets at extreme risk

Contact Energy looks bright during dark times

c Political Animal 2008

The Great Global Warming Swindle[UPDATE]

Prime TV which is part of the Sky TV stable, is going to show the documentary "The Great Global Warming Swindle", the antidote to Al Gore's fictional "The Inconvenient Truth".

The major networks have been bereft of any balls, having had the best part of a year to play TGGWS but news producers have let it slip. TV One played Al Gore's ode to Michael Moore though earlier this year.

Our own Helen Clark and David Parker, Minister of hot air, should clear their schedules to watch, so they can redefine their religious zealotry towards those of us who already know it is one of history's great cons.

The Documentary, from Britain was screened last year to much acclaim.

Prime will show "The Great Global Warming Swindle" Sunday June 1 at 8.30pm.





The great global warming swindle - Part 2
The great global warming swindle - Part 3
The great global warming swindle - Part 4


Related Political Animal reading

Unstoppable global warming
Global Warning: Tax Iceberg Ahead
Kyoto critic comes to town - Sunday Star Times
Carbon Credit trading puts Global markets at extreme risk
Of Tulip Bulbs and Tooth Fairies
Ponder the Maunder - 15 Yr old Kristin Byrne explodes the GW myth

c Political Animal 2008

Labour Vetoes voters' rights

From the Share Investor Blog today, in a unsurprising and but naked grab for votes in this 2008 election year, 50000 voters have just had their property rights trampled on because the Auckland Airport Merger with the Canadian Pension Plan Investment board has been turned down.


David Parker, Minister of a ship of
Fools.

Watch for the Poodle Party and its titular head Winston Peters come out waving the New Zealand Flag today. Its hard to keep a straight face though when he supports a government that has signed a "free trade" deal with China.

The politics of envy is alive and well in socialist, communist Aotearoa.


State Services Minister David Parker and Associate Finance Minister Clayton Cosgrove have vetoed the sale of Auckland International Airport[AIA]

After over a year of negotiations by two prospective parties, The Canadian Pension Plan Investment Board and Dubai Aeronautical Enterprise, all the time money and expertise that has gone into brokering a deal has been reduced to an international farce by the stroke of a socialist government pen.

The intervention has come at a time when markets are shaky and the economy is on a downturn and this added uncertainty has disappointed the market again and the 50000 odd voting age Mums and Dads who voted overwhelmingly in March to allow the CPPIB to buy their shares.

It is not hard to imagine what the CPPIB next move might be, but they have 3 options. Walk away completely, walk away while making a financial claim against the New Zealand Government, for their costs involved in axing a deal by retrospectively changing an overseas investment law, or push on in the courts to allow them to seal the deal.

The Auckland Airport would also have a claim for the millions of dollars of costs incurred for its shareholders because of the retrospective law.

NZ Herald's Auckland Airport merger coverage to date

The Battle for the Airport

Share Investor merger coverage to date

Latest Airport coverage
Cullen's move on Auckland Airport has far reaching effects
Cullen's move on AIA tax plan Anti-Business
AIA profit stays grounded
Softening opposition to CPPIB bid for AIA
Directors of AIA bribe brokers not to sell
What is Auckland Airport worth to you?
Second bite at AIA by CPPIB might just fly
AIA new directors must focus on shareholders
Auckland Airport merger deal nosedives
The Canadians have landed
AIA incentive scheme must fly out the window
Government market manipulation over AIA/DAE deal
DAE move on AIA: Will it fly?

Disclosure: I own AIA shares