Il-Guy is on Super One TV right now, with Konrad Mizzi and that elephant’s todger, kertfarrugia
It’s a press conference, to reply to Tonio Fenech’s earlier this afternoon.
Konrad Mizzi’s just said that KPMG got everything wrong. Of course.
Karmenu Vella’s just finished reading out what he was told to say. Shades of Xandir Malta, circa 1984, but that isn’t just because of his face and voice and attitude; it’s helped along by the shoddy quality of Super One’s lighting etc.
Now they’re quoting Edward Mallia again, as though he’s some kind of guru. KPMG is wrong, but Edward Mallia is right.
God, how tiresome.
And all I can think is: what a line-up. Konrad Mizzi, like somebody spoofing a management consultant on the BBC’s The Fast Show, the rapidly deteriorating Tunny Net customs-buster from 1981, and that elephant’s todger, kertfarrugia.
To have any sort of faith, trust or confidence in this trio, you really do have to have a third-rate brain or just be on the make.
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Kurt seems very busy participating in this press conference, typing on his phone.
[Daphne – Busy removing every last trace of JosephMuscat2013’s risible Facebook chat.]
Edward Mallia wrote this beneath the story about Mugliett on timesofmalta.com:
“Edward Mallia
Today, 09:20
But the PL is starting to slip. ONE news at 7.30pm yesterday, Sunday 13th. Jan. had a clip from Dissett. The editing made the speaker appear to say the opposite to what he finally said. I was sitting next to the speaker & checked the matter with him soon after the ONE news. I am in no doubt that the editing was malicious. This fact is independent of any technical point. Dr. Muscat please note.”
Will Il-Guy please comment?
Edward Mallia, selective editing and news distortion is standard practice with the Labour Party.
It ante-dates the glory days of Xandir Malta and goes back at least to the mid-1950s.
Though then as yet unable to get his hands on the media, Mintoff saw to it that news was funnelled exclusively through the Central Office of Information and that it came out suitably doctored at the other end.
That period also saw the start of rent-a-mob attacks on Strickland House, publishers of The Times of Malta, as it was then and until Mintoff finally managed to doctor that as well, and much else during the 16-year orgy of abuse that characterized – and still characterises – the Labour Party.
No wonder PL is now ashamed to call itself by its own name.
Edward Mallia, you lay very close to the heart of the MLP setup during those long ‘golden’ years of abuse.
PL starting to slip. Indeed.
Why do they increasingly look like Spitting Image puppets of themselves?
On the other hand, we don’t want Toni Abela groping Kurt’s bosom do we?
PN wasted its time on energy policy and people are not believing them. Now they have to come up with something more credible. This KPMG report (presentation) is not credible. How on earth can a company come up with a model in one day, unless they did not employ all the brains, stopped KPMG work and paid thousands out of the tax payers money.
[Daphne – You might find it hard to believe, Luigi, but that’s par for the course with organisations like KPMG. And to say that KPMG is ‘not credible’ but a sheaf of papers in Il-Guy’s hands is?]
Moreover, Tonio Fenech is still insisting that we have to buy the ships. It is really stupid and he’s coming across as incompetent.
[Daphne – So, Luigi, where are you going to get your gas tankers then, if you don’t have them built? There are none available for rent.]
The only way that Tonio Fenech could have come across as credible is to show us, how the new power station plant, won’t shift the long run average cost curve down. He is right on the Return on Capital Employed, that the cost recovery has to be increased if it’s used only 20% of the time, but that has to be shown only if the Long Run Average Cost Curve is not shifted down.
By what Tonio Fenech has said and what the KPMG has worked out, is that the Long Run Average Cost Curve shifted upwards. Now, they have to show is the mode, if they want to be credible.
[Daphne – You are absolutely hilarious. Where did you copy and paste that? Do you even know what it means? I don’t think I’ll bother.]
Quite frankly, I don’t know why all this hype to add a unit to the power station. We didn’t hear any criticism on Civil Union and this morning’s proposals on the salary of parliament.
I am sure you will reply. I gave you a good scenario and if you are technical you can digest it. Now you can say that I am a law student.
[Daphne – God help us if you really are.]
I wonder whether the Rector Magnificus would seriously consider closing the law faculty and putting the law course on hold indefinitely.
In the supreme and overriding interest of the Maltese nation.
What’s this about the long run?
In the long run we are all dead – JM Keynes.
Yes, salary of parliamentarians, on an attendance basis.
That means being on time. I don’t think he thought this one through either,
I didn’t copy that, it’s basic economics, topic ‘Theory of the Firm’. I know what I am saying. There should be this kind of modelling, i.e. average cost versus marginal cost. But/ that’s not my job, Tonio Fenech should know better. It’s the job of a technical economist.
[Daphne – This is getting embarrassing. I suggest you stop.]
Aha, Luigi, Economics 100. You using Samuelson? Last published 1960. Good stuff. Very impressive. You still using a Commodore ‘computer’?
“Theory of the Firm”? Is that some kind of sex manual?
Oh no, not Samuelson but Leontief’s input-output model, if you know what I mean. I bet you don’t. The concept is the same as Samuelson’s textbook because theory is theory. We are still using Isac Newton’s calculus and you know well when that was discovered. Have a good day.
So you’re disgusted by PN. Aren’t we all. And you’re voting Labour, so you can have more of the same without even the good bits.
Afraid I do, Luigi, Was a member of the team in graduate school that built one for the Canadian economy.
No Googling, but what is Leontief Paradox?
My, how difficult you are. I wish I can draft you the model, but PN is only restricted to a small crowd of people, so I can never have the opportunity.
You did not answer the previous post in a technical way, because you don’t even know what average costs and marginal costs are. The costings are based on average costs.
I want to add theat KPMG’s report is based on Enemalta’s data, which everybody know how inefficient they are.
Now, be technical and aswer me. At the end of the day you read The Economist, so you should know well what AC and MC are.
[Daphne – Luigi, you are somebody who couldn’t even work out why roughly half the population sits for O levels at 15, while the other half sits them at 16, so I don’t think any modelling by you will be necessary. And this exchange is now at an end. You are veering from one topic to another and not making much sense. I don’t read The Economist. I read World of Interiors and Vogue.]
Another Debono in the making.
Luigi, your level of grammar when in natural typing mode is quite poor, and far removed from the slick syntax in your ‘Long Run Average Cost Curve’ spiel.
Cut the bollocks. you may well be a law student, but that’s really no recommendation, now is it?
Hey Daphne I love World of Interiors, dont you find the italian 17th century style superb?
Which is your fav period?
[Daphne – I don’t have one.]
Vanity Fair is a great read ;)
The MC which Laburisti know pretty well is the much beloved Manuel Cuschieri…
Where on earth are the environmental lobbyists? During the past week there has been a deafening silence from their quarters. How can any environmental NGO be taken seriously when it remains silent in relation to the MLP’s plan to:
a.build a new powerstation next to people’s backyard when the country does not require one in the first place;
b. build two gas tankers each the size of the Mosta Dome or alternatively build the tankers underground in an as yet unknown location
and at the same time blatantly admitting that they will be by-passing EU and local regulations?
Let them lie, screwed by their liberal progressive Joseph.
I bet Astrid hasn’t even managed to bring it up at one of their meets.
Then there’s AD. Hypocrites.
So you have given up. I never thought you surrend so easily. I had the impression that you are really strong and tough (considering how much you fought in the 1980s for the country) but at the outset you showed to be a bit weak, when someone is technical with you.
[Daphne – Technicality has nothing to do with it. I saw this as a discussion, you see it as a battle of wits, and on that score, I’m afraid it would not be fair to continue. Pick on someone your own size.]
Oh gosh Luigi, and here I am thinking that law students should be articulate speakers, if nothing else.
Technicality is not the point in anything, especially if you quote, point blank, from reference books.
I suggest you go through a couple of books on the art of argumentation well before your graduation. Just a kind admonition to you.
Aha Daphne, you surrend. Tsk tsk.. You should be stronger and discuss with Luigi AC and MC.
I don’t read any magazines. I read Agatha Christie.
JosephPL: “We stand by our figures”
http://www.timesofmalta.com/articles/view/20130114/elections-news/energy-plan-we-stand-by-our-figures-pl.453224
The obvious political answer to that should be:
“We stand by our people.”
I want to take Tonio Fenech seriously, I really do…but all his hissy fits are making him come across as a man who has lost the plot. And it’s not helping to dissuade voters like me who just about a year ago started thinking of voting labour this time around.
Yes, I am a switcher.
The capital investments have been calculated by DNV KEMA not Labour. They have some credibility in the energy sector, no? But let’s just assume that the foundations at Delimara will have to be strengthened…do you really think it will cost 40 M euros?! Come on, maybe 4M, that’s a realistic figure. Don’t insult our intelligence Tonio!
We were told that long-term natural gas purchase agreements are obsolete. Another blatant lie. What is true is that short-term agreements have become more popular. However, recently there has been a resurgence of long-term agreements.
ICF international (a big player in energy consulting) tells us that long-term agreements can be very effective in hedging price volatility, especially when dealing with a minority portion of your gas portfolio (as in Labour’s case i.e. 40% of the total energy supply).
The other 60% will be from different suppliers. There will also be the flexibility to shift consumption between the gas-converted BWSC and the interconnector. That is called good planning.
Building another powerstation does not faze me, as long as we close down the old Delimara one which has spewed filth into our air for too long. Electricity demand will continue to increase over the years, so it is wise to think ahead.
In any case, just relying on the interconnector would be silly as it can only accommodate a maximum of approximately 40% of our energy demands. That means that we will be saving on production costs, that’s true, but only on 40% of our production.
Elves on the rampage.
Get a lobotomy Jozef!
Hissy fits from Tonio Fenech? I think you’re rather mixed up, Daniel.
Ara, Tonio Fenech is the guy with dark hair and glasses who has presented very sound arguments, backed up by actual statistics, and successfully shot down your Joseph’s pie-in-the-sky project.
Konrad Mizzi is the one lurching around, throwing hissy fits and resulting to petty schoolyard name-calling when cornered or presented with his own serious flaws.
Daniel, if you think that any private firm will give Malta 500+ million euros gratis without expecting blood in return, then you must be really living in La-La Land.
I see PL’s proposal as it really is: a desperate attempt to win votes. I know many people will fall for it. But then, they fell for the VAT promise in 1996 and they fell over themselves in 1998 to vote Sant out.
This time, I’m afraid dear switcher, you won’t be able to switch back to the PN.
When businesses start going bust, then cry your eyes out.
When you switchers will realise that the PL has effectively privatised electricity supply, then try to go running back to the PN’s comforting bosom. But then, alas, it will be too late.
There is no Salvatur this time round.
I can smell civil union between the MLP and the company who has already been earmarked for the project.
Thank God, Dom legalised anal sex in Malta so that Joseph can pave the way for the earmarked Alice-in-Wonderland-powerstation-company to screw us well! Imbaghad ikollna gasssss!