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Electricity Prices Down 30% in Australia Expose Idiocy of Trump's Attacks on Wind, Solar
Despite its small population of about 2 million, the state of South Australia is widely seen as a demonstration project for what the renewables revolution can mean for the lives of people in the industrialized democracies.
Feb 16, 2026
The government of the state of South Australia announced recently that its wholesale electricity price fell in Q4 ’25 to $37 AU per megawatt hour ( / MWh) (that would be $26.22 US). That’s the lowest wholesale electricity price in all of the continent of Australia. The reason the price is so low is because South Australia has a lot of wind, solar and battery power, and output was high late last year. Remember, October – December in Australia is spring into summer.
That’s 2.6 US cents per kilowatt hour. The average cost of electricity in the United States is roughly 17 cents per kilowatt hour, because it is mostly generated by expensive, dirty, planet-wrecking fossil fuels.
So here’s the thing: in Q3 of last year, the price of wholesale electricity was $104 AU / MWh.
That’s right. In one three-month period, the price fell by a third.
Since South Australia is demonstrating that wind, solar and battery can cause the wholesale price of electricity to plummet, it is also pulling the curtain from the Trump administration’s con game in the US.
It was not a matter of usage falling off. The government says, “underlying demand in South Australia ticked up by 1.2 per cent to a fourth quarter record high of 1,624 MW.”
Of course, how the fall in the price of wholesale electricity gets translated into consumers’ home electricity bills is politics, not engineering.
Some 74% of South Australia’s electricity consumption is provided by renewables, and the state plans to make that 100% by 2027, in only two years. Wind, solar and battery generated 100% of the state’s electricity for 99 days (27% of the time) in 2024, the last year for which full data are available as yet.
50% of homes in the state have rooftop solar. South Australia has been a pioneer in mega-batteries combined with its solar generation. The country as a whole has 3 gigawatts of battery storage capacity. South Australian needs more battery build-out, so as to smooth out the excess generation from rooftop solar at noon and during early afternoon, which has been producing negative energy pricing, forcing utilities to pay people to take their electricity.
South Australia, despite its small population of about 2 million, is widely seen as a demonstration project for what the renewables revolution can mean for the lives of people in the industrialized democracies. Its Labor government has been committed to the project. Only a decade ago, most of its electricity was coal-generated. Alas, its Liberals (i.e. conservatives) are now campaigning on more fossil fuels. Since so much of the progress was grassroots, with people just installing solar panels, the transformation seems difficult to halt or even slow substantially.
What the state is showing us is that wind, solar and battery power, when combined, are extremely inexpensive. Moreover, there is every prospect of solar panels becoming cheaper, more efficient, and less bulky over the next decade as scientific research burgeons. Renewables are already much less expensive than fossil fuels.
What the state is showing us is that wind, solar and battery power, when combined, are extremely inexpensive.
It is true that because they are a new source of energy, they are attended by construction costs, whereas old coal and gas plants built years ago have already sunk that cost. But wind and solar are now so cheep that in many localities it is less expensive to build a new solar farm and operate it than just to keep an old gas or coal plant in operation.
Since South Australia is demonstrating that wind, solar and battery can cause the wholesale price of electricity to plummet, it is also pulling the curtain from the Trump administration’s con game in the US. By using the might of the federal government to bolster coal and gas, Trump and his minions can keep expensive and dangerous sources of power in place, making you pay more for your electricity and arranging for your money to line the pockets of his Big Carbon campaign donors. If fossil fuels were competitive, Trump wouldn’t have to try so hard to stall permitting for new wind and solar projects.
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'We Are Coming for Power for Working People': Ocasio-Cortez Talks US Politics in Germany
"You are being screwed, and that story is not a cultural one but a class one."
Feb 16, 2026
Rep. Alexandria Ocasio-Cortez on Sunday fleshed out her vision for progressive politics in the US during a town hall-style event at
Technical University Berlin in Germany.
While discussing the domestic political situation in the US, Ocasio-Cortez (D-NY) argued that enormous disparities in wealth inequality were leaving voters open to appeals from far-right movements that scapegoat immigrants and minorities for problems being caused by unchecked corporate power.
"When you have economic stagnation for the working class, especially in an environment where GDP is growing, that is the stuff of populist movements," said Ocasio-Cortez. "The choice is what direction those populist movements can go... One direction is, 'We are going to blame this on the vulnerable, on immigrants, on people of different gender identities."
The Rosetta Stone for AOC’s foreign policy right here: “...economic elites are taking the lion's share of growth for themselves and leaving crumbs for the working class...this is an injustice, you are being screwed, and that story is not a cultural one but a class one” pic.twitter.com/gK7kyVbONb
— Van Jackson (@RealVanJackson) February 15, 2026
The New York Democrat then argued that right-wing populism "is all done as a distraction from the truth, which is that economic elites have taken the lion's share of growth for themselves" while "leaving crumbs for the working class."
"The alternative is a populist movement that tells the truth," she continued. "That says, 'This is an injustice, you are being screwed over, and that story is not a cultural one, but a class one.'"
Elsewhere in the talk, Ocasio-Cortez downplayed speculation about potentially running for higher office in 2028, instead outlining her goals for reshaping the political environment.
"My ambition has always been about conditions," she said. "I remain ambitious, but my ambitions are in changing our political environment. That's why, when I was first elected, my ambition was to change the Democratic Party, and to make it more economically populist and responsive to working-class Americans... Frankly, I think the ambitions of a progressive movement go so far beyond an elected office. We are coming for power for working people."
Ocasio-Cortez also gave a shoutout to the resistance to federal immigration enforcement operations as an example of building community solidarity in the face of an external threat.
"Every one of us can be sand in the gears of an injustice," she said. "I think about how all the people in Minneapolis refused to let [US Immigration and Customs Enforcement] officers use the bathroom in their establishments. I mean, it’s a small thing, but it matters! It matters... We create a culture of protection of one another, a culture of solidarity with one another, and it's rebellious."
AOC: “There are more of us than them. Every one of us can be sand in the gears of injustice. All the people in Minneapolis refused to let ICE officers use the bathroom in their establishments. It’s a small thing, but it matters! We create a culture of protection of one another” pic.twitter.com/3y9IpRiS8m
— Marco Foster (@MarcoFoster_) February 15, 2026
Ocasio-Cortez's remarks on Sunday came after she participated in a panel discussion at the Munich Security Conference on Friday where she argued that "a working-class-centered politics" was the key to defeat "the scourges of authoritarianism, which provide political siren calls to allure people into finding scapegoats to blame for rising economic inequality, both domestically and globally."
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Marco Rubio's Imperialist Munich Speech Seen as 'Cause for Worry, Not Applause'
One analyst called the US secretary of state's address "one of the most revisionist and imperialist speeches I've ever seen a senior American official make, and that's saying something."
Feb 16, 2026
US Secretary of State Marco Rubio's defense of Western colonialism and imperial power at the Munich Security Conference and the applause his remarks received from attendees were seen as deeply unsettling in the context of the Trump administration's brazen trampling of international law, including the recent kidnapping of the president of a sovereign nation.
While Rubio gave lip service in his remarks to multilateral cooperation with Europe in what he called the global "task of renewal and restoration," he made clear the US would carry out its agenda alone if needed and accused European allies of succumbing to a "climate cult," embracing "free and unfettered trade," and opening their doors to "unprecedented wave of mass migration that threatens the cohesion of our societies," echoing the rhetoric of his boss, US President Donald Trump.
Rubio lamented the decline of the "great Western empires" in the face of "godless communist revolutions and by anti-colonial uprisings that would transform the world and drape the red hammer and sickle across vast swaths of the map in the years to come"—and made clear that the Trump administration envisions a return to "the West's age of dominance."
"We in America have no interest in being polite and orderly caretakers of the West’s managed decline," said Rubio. "We do not seek to separate, but to revitalize an old friendship and renew the greatest civilization in human history."
Attendees at the Munich conference—which notably did not include representatives of Latin America at a time when the Trump administration is embracing and expanding the Monroe Doctrine—gave Rubio a standing ovation:
standing ovation for marco rubio at munich security council, set against context of dramatically lower european expectations from their relationship with the united states. pic.twitter.com/oavfBmaIs2
— ian bremmer (@ianbremmer) February 14, 2026
"Standing ovation for Rubio in Munich. Standing ovation for Netanyahu in Washington," wrote Progressive International co-general coordinator David Adler, referring to the Israeli prime minister's visit to the US capital last week. "We are ruled by a transatlantic clique of criminals and midwit minions who clap like seals when their white supremacy is laundered by the language of 'Western values.' Sick stuff."
Critics viewed the US secretary of state's speech—both the explicit words and its undertones—as a self-serving interpretation of the past and a dangerous vision of the future, and expressed alarm at the celebratory response from the Munich crowd.
Geopolitical analyst Arnaud Bertrand called Rubio's address "one of the most revisionist and imperialist speeches I've ever seen a senior American official make, and that's saying something."
"Basically the man is openly saying that the whole post-colonial order was a mistake and he's calling on Europe to share the spoils of building a new one," Bertrand wrote on social media. "When an imperial power is speaking to you of sentiments, of how much they like you and how they want to partner with you—the much weaker party—that's cause for worry, not applause."
Nathalie Tocci, a professor at the Johns Hopkins School of Advanced International Studies in Europe, compared Rubio's address to US Vice President JD Vance's openly hostile attack on European nations during his Munich speech last year.
"Rubio’s message was more sophisticated and strategic than Vance’s. But it was just as dangerous, if not more so, precisely because it lowered the transatlantic temperature and may have lulled Europe into a false sense of calm," Tocci wrote in a Guardian op-ed on Monday. "As Benjamin Haddad, France’s Europe minister, said in Munich, the European temptation may be to press the snooze button once again."
"If Europeans were comforted by a false sense of reassurance as they walked away from the packed Bayerischer Hof hotel in Munich," Tocci added, "they risk walking straight into the trap that MAGA America has laid for them."
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Happy President's Day to the Squalid Epstein Class
Affordable housing isn’t a problem that occurs to the Epstein Class. Nor is income inequality. Nor the loss of our democracy. Nor the deleterious effects of social media on young people and children.
Feb 16, 2026
Here’s how Kentucky Republican Congressman Thomas Massie responded on Sunday, during ABC’s “This Week,” to a question about the Trump regime’s handling of the Epstein files:
“This is about the Epstein class …. They’re billionaires who were friends with these people, and that’s what I’m up against in Washington, D.C. Donald Trump told us that even though he had dinner with these kinds of people, in New York City and West Palm Beach, that he would be transparent. But he’s not. He's still in with the Epstein class. This is the Epstein administration. And they’re attacking me for trying to get these files released.”
The Epstein Class. Not just the people who cavorted with Jeffrey Epstein or the subset who abused young girls. It’s an interconnected world of hugely rich, prominent, entitled, smug, powerful, self-important (mostly) men. Trump is honorary chairman.
Trump is still sitting on two and a half million files that he and Pam Bondi won’t release. Why? Because they implicate Trump and even more of the Epstein class.
Trump appears 1,433 times in the Epstein files so far. His billionaire backers are also members. Elon Musk appears 1,122 times. Howard Lutnick is a member. So is Trump-backer Peter Thiel (2,710 times), and Leslie Wexner (565 times). As is Steven Witkoff, now Trump’s envoy to the Middle East, and Steve Bannon, Trump’s consigliere (1,855 times).
The Epstein Class isn’t limited to Trump donors. Bill Clinton is a member (1,192 times), as is Larry Summers (5,621 times). So are LinkedIn founder Reid Hoffman (3,769 times), Prince Andrew (1,821 times), Bill Gates (6,385 times), and Steve Tisch, co-owner of the New York Giants (429 times).
If not politics, what connects the members of the Epstein Class? It’s not just riches. Some members are not particularly wealthy, but they’re richly connected. They trade on their prominence, on whom they know and who will return their phone calls.
They exchange inside tips on stocks, on the movements of currencies, on IPOs, on new tax-avoidance mechanisms. On getting into exclusive clubs, reservations at chic restaurants, lush hotels, exotic travel.
They entertain one another, stay at each other’s guest houses and villas. Some exchange tips on how to procure certain drugs or kinky sex or valuable works of art. And, of course, how to accumulate more wealth.
Most members of the Epstein Class have seceded into their own small, self-contained, squalid world. They are disconnected from the rest of society. Most don’t particularly believe in democracy; Peter Thiel (recall, he appears 2,710 times in the Epstein files) has said he “no longer believes that freedom and democracy are compatible.”
Many are putting their fortunes into electing people who will do their bidding. Hence, they are politically dangerous.
The Epstein Class is the by-product of an economy that emerged over the last two decades, from which this new elite has siphoned off vast amounts of wealth.
It’s an economy that bears almost no resemblance to that of mid-20th-century America. The most valuable companies in this new economy have few workers because they don’t make stuff. They design it. They create ideas. They sell concepts. They move money.
The value of businesses in this new economy isn’t in factories, buildings, or machines. It’s in algorithms, operating systems, standards, brands, and vast, self-reinforcing user networks.
I remember when IBM was the nation’s most valuable company and among its largest employers, with a payroll in the 1980s of nearly 400,000. Today, Nvidia is nearly 20 times as valuable as IBM was then and five times as profitable (adjusted for inflation), but it employs just over 40,000. Nvidia, unlike the old IBM, designs but doesn’t make its products.
Over the past three years, Google parent Alphabet’s revenue has grown 43 percent while its payroll has remained flat. Amazon’s revenue has soared, but it’s eliminating jobs.
Members of the Epstein Class are paid in shares of stock. As corporate profits have soared, the stock market has roared. As the stock market has roared, the compensation of the Epstein Class has reached the stratosphere.
Meanwhile, most Americans are trapped in an old economy where they depend on shrinking paychecks and a diminishing number of jobs. The Federal Reserve Bank of New York just reported that mortgage delinquency rates for lower-income households are surging.
Affordable housing isn’t a problem that occurs to the Epstein Class. Nor is income inequality. Nor the loss of our democracy. Nor the deleterious effects of social media on young people and children.
When Silicon Valley’s biggest tech proponent in Congress — Rep. Ro Khanna — recently announced his support for a tax on California billionaires, to help fill the void created by Trump’s cuts in Medicare (which, in turn, made way for Trump’s second huge tax cut for the rich), the Epstein Class had a fit.
Vinod Khosla, one of Silicon Valley’s most prominent venture capitalists, with a net worth estimated at more than $13 billion (and who’s mentioned a mere 182 times in the Epstein files but is no friend of Trump), called Khanna a “commie comrade.”
Khosla, by the way, is best known by the public for having purchased 89 acres of California beachfront property in in 2008 for $32.5 million, then trying to block public access to the ocean with a locked gate and signs. Despite losing multiple court rulings, including a 2018 Supreme Court appeal, he carries on with the dispute.
Not classy, but, shall we say, a typical Epstein Class move.
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