Australian LNG

Morgan Stanley has some great charts today.

What a pathetic human being Anthony Albanese is.

POTUS says Iran is going to capitulate as its oil wells explode. BofA estimates the timeline. Modest oil exports (250k bpd) at high oil prices could allow the Iranian regime to remain cohesive and service its wage bill, at the cost of potentially wider post-war economic imbalances.

Albo the coward hasn’t read The Art of the Deal.

No news is good news for oil, apparently, with prices coming off overnight amid the Gulf stalemate.

DXY is bouncing again with oil.

Does the gas cartel pay enough tax?

First things first.

Hoocoodanode?

This is superb analysis from JPM.

Due in large part to geopolitical tensions and worries about energy security, fuel scab Albo appears set to kybosh the gas tax.

By Dr Cameron Murray from Fresh Economic Thinking I explain how a scaled variable royalty does the job of a super-profits tax while avoiding the accounting trickery in order to share risk and get a better public return from resources.

As usual, a day after the Parliament heard sense from policy advocates, the gas cartel was unleashed.

Leading Iranian figures are criticising Donald Trump’s actions and threats, but there is still little indication that the US-Iran conflict can be resolved.

JPM answers.  Iran’s onshore storage capacity is roughly 86 million barrels and is currently about 54% full (around 47 mb), leaving approximately 40 mb of working capacity—equivalent to about 22 days of exports.

Gojeera Takaichi may be here any minute, but she faces a growing riot in Parliament House in favour of a gas tax.

Why Albo’s cowards didn’t initiate diesel constraints for city slickers on day one of the Iran War is beyond me.

Albo the coward has a fight on his hands.

Just when you thought it might be safe to assume he had a brain, no.

Australia’s gas fight is turning into a life-and-death brawl.

Day two of God Trump’s Iran blockade, and it is the worst it has been.

A week or so ago, Japanese PM Sanae Takaichi made the unexpected announcement that she would be travelling to Australia by the end of the month.

The ALP is pretending to care about gas taxes.

JPM with another excellent note.