Mirabile dictu: Gas reservation raises its head

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Via the AFR:

Malcolm Turnbull is prepared to discuss establishing a domestic gas reserve as part of his new energy security push but his plans for clean coal power stations have suffered a blow with the industry saying there was no appetite to invest in such plants.

A day after declaring the nation needed both clean coal and gas-fired power to prove baseload supply while renewable energy was being developed, Mr Turnbull was open to discuss domestic gas reserves on the east coast similar to that being proposed by the Queensland government.

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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.