@johcaschro wrote:
Both properties down by approx 1/3.....Its actually quite scary stuff.
Not scary enough to drop your support for an industry which contributes to global warming, such as does coal?
Please cut and paste the comments where I supported the coal industry.............Nope ?.... it aint there is it.
I,m simply being pragmatic instead of jumping on some populist Rah Rah bandwagon of emotional, unrealistic BS..
The simple reality ignored by many o this forum is that if Australia banned coal tomorrow it wouldn't make one single scrap of difference to global warming. Other countries would simply buy less pure , more polluting coal from other countries to run their electricity generation and heavy industry. Australians would continue to buy their OS made cars and white goods with all of the inbuilt production pollution achieving absolutely ZIP.
On the downside, banning coal in Australia would not result in a 16% lowering of our standard of living. That is just the direct loss of income from coal exports. The effect would be much greater as unemployment sky rockets, recession hits, home foreclosures go through the roof, retail crashes etc. You had better hope that internal smug, sanctimonious, left wing glow keeps you warm in the depths of winter, because no-one will be able to afford to turn the heating on. The Australian economy would make Greece look like a nation of kings.
And again it would all be for ZIP because the rest of the world ( making up 98.5 % of global pollution ) would simply go on its own merry way.
The only solution is to get the global giants such as Europe, China, U.S.A. and India to play by the same rules and good luck with that one.
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