Gas idiocy is back. It never left.
The gas export cartel on the East Coast is still behaving, keeping the local market well-supplied at around $10Gj.
The big fight continues.
The energy superidiot strikes back
David Llewellyn-Smith
Thursday 2 April 2026
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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