Thursday, October 25, 2007

Rent-Seeking Around the World: Australia

Economicobjectorvism brings us this story from the Sydney Morning Herald:

Rising grain prices put a dent in fuel revolution
...“I’m just disappointed. Governments haven’t come up with the necessary mandating to encourage [Agri Energy] to keep going. They have got better opportunities in other parts of the world.”...

...The Swan Hill operations manager, Stewart Rendell, blames government and oil companies for Agri Energy’s troubles, rather than record-high grain prices.

“You can’t deal with big oil in this country when there’s no mandate,” he says....
Your faithful blogger would have pulled those quotes but Economicobjectorvism did it first. Here's his whole post.