Back to bolted down industries

Once upon a time, Australia was attractive to processing, refining, and manufacturing industries using our abundant mineral and food resources, our reliable low-cost coal-fired electricity, and a workforce trained in technical skills. No longer. Australia used to have eleven oil refineries, spread around the country.  There are just four left, all over fifty years old and all in danger of closing down.  Green barriers to oil exploration have forced most of them to rely on costly imported crude oil. Now, for the first time in at least 60 years, Australia no longer produces motor vehicles. China and India have about 430 coal power plants under construction, but Australia has not built a single coal-fired power station for seven years – some politicians even rejoice when they manage to close and demolish one. Brisbane's new trains are being made in India, Victa mowers are made in China, and most coastal shipping died decades ago.  Steelworks and...(Read Full Post)