Re Tories I think they are abysmal at the Federal level. Recalling last night's demolition of spokesperson Greg Hunt on the ABC 7.30 Report, they claimed that the emissions scheme would add 40c a litre to petrol prices. Let's do the maths; Westpac have made an early call on CO2 at $19 a tonne. The Greenhouse Office reckons a litre of petrol creates 2.3 kg of CO2. Then $19 divided by 1000/2.3 gives 4.4c a litre.

Nobody knows if the $19 a tonne is on the high or low side. If we knew what was in and what was out of the ETS, or who gets the giant free passes, we could make a better guess. I think most agree to give back that 4.4c or whatever though I think it should be in restricted form such as home energy savings. Politicians seem fairly certain of themselves when it comes to foreign wars, not so much on energy issues.