Australian LNG

There are some days when an economist can only shake his head in appalled wonder.

Just how corrupt is Albo?

What price Australian smelters?

How did a fundamental reform so critical to the national interest shift from the lunatic centre to the sensible fringe?

The policy process in Canberra is broken.

Gas Balkanisation is suddenly being debated.

Labor has missed so many opportunities to rid the nation of this economic millstone that I have no faith it is about to do so.

Given that it appears the Albense government is, once again, set to sell you out to the gas cartel with fake domestic reservation, it falls to me to point out one final irony.

This is ridiculous in every way.

The wreckers of Australian energy, and therefore living standards, as well as climate change mitigation, are shrieking like stuck pigs.

OMG.

The East Coast gas cartel is destroying your living standards by injecting ceaseless cost-push inflation into the headwaters of the supply chain for every business in the country east of WA.

In the annals of wasted public investment, few attempts to build an industry can compete with the abject failure of hydrogen.

The IEA has done an analysis of the immense looming global gas glut.

Trump’s oil sanctions appear to be having some impact. Russian President Vladimir Putin remained defiant on Thursday (Friday AEDT) after US President Donald Trump hit Russia’s two biggest oil companies with sanctions to pressure the Kremlin leader to end the war in Ukraine, a move that sent global oil prices sharply higher.

Another gas reservation flag has gone up the pole today.

There is one thing that would put a serious cat amongst the pigeons for today’s gold and tech blowoff rallies, and that is an oil shock.

In the early 2010s, the federal Labor government made the fateful decision to allow liquefied natural gas (LNG) exports from Queensland without requiring gas companies to first supply Australians.

The gas cartel wants Albo to stop it.

There is no substitute for stupidity in Australia.

I love QLD.

There is no substitute for sanctimonious greed.

It is an easy and appropriate target.

An MB reader has sent this excellent proposal for resolving the East Coast gas crisis by shutting down GLNG without creating sovereign risk.