Gas reservation still on track

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So, it appears Mr Murdoch is behind attempts to derail Australia’s gas reservation by misrepresenting industry objections as a fait accompli.

Why he would do this, given it only costss his own mastheads money, I leave you to consider.

Labor has rejected calls for wholesale changes to its contentious gas reservation scheme, with a government majority-controlled Senate committee backing the plan to force LNG exporters to oversupply the domestic market despite warnings that the intervention could undermine investment and future gas supply.

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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.