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No conversation about Australian East Coast gas supply stupidity is complete without mention of West Coast gas supply. Somehow it frequently escapes mention tha
by ggm 2y ago
No conversation about Australian East Coast gas supply stupidity is complete without mention of West Coast gas supply. Somehow it frequently escapes mention that gas on the west coast is subject to state required supplies to domestic markets and shock horrors the world has not ended.
East coast state governments were craven and stupid. They took royalty deals and didn't require supply continuity and exposed their voters to world prices.
- mmerlin 2y agoAustralia is burdened with ex-PM John Howard's fixed-price gas export deals until 2031. 500% domestic price rises. https://www.macrobusiness.com.au/2024/06/japan-and-albo-rort-aussies-of-gas/ https://www.macrobusiness.com.au/2024/06/japan-and-albo-rort... "Cheaper" for the state of Victoria to re-import the gas already exported e.g. by Queensland to Japan at a loss (when subsidies and cleanup costs added - no security deposits to cover the cleanup of abandoned sites and offshore drilling rig abandoned offshore). Liberal petro-lobbyists using their failed policies as a reason to start fracking farmland. Gross failures in governance, because the entrenched system of post-politics "jobs for our mates" are awarded to the political stooges. IIRC pretty much every single Australian mining or resources minister post-politics works for the same companies they gifted billions to as a legislator.
- ggm 2y agoVictoria == East coast. (For anyone who doesn't know)
- gonzo41 2y agoHappy accident, it will drive renewables growth. If the LPG companies were smart they would swoop in here trying to save the day and reduce demand for power to make less money today but more money over time.
- mistrial9 2y agowait for Part II -- legal restrictions of access to markets, with a companion of local taxes on certain products. (just guessing)