The Australian 12 July 2011
Peabody Energy’s $5 billion takeover bid for Macarthur coal does seem to suggest that rumours of the coal industry’s imminent demise have been somewhat exaggerated. I’m looking forward to Tony arguing that this just proves that the carbon tax doesn’t go far enough.
Yep, perhaps coal will make it! But the carbon tax immediately wiped 2% off your super yesterday, and more yet to come! Isn’t that lovely! No little compensating buffer for you there, from the big ladies buffer?
Gorghast, please accept my congratulations for what must be the least terrifying scare campaign ever. Seriously, good job.
:)
Scare campaign? Hell, no that’s the policy upside. The bright side. Nothing collapses, who would have expected that!