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Wednesday 23 March 2016

Shocking nobody but Josh Freudencoal and Naked Emperor Barnett comes the news from WPL we’ve know for years:

There will be no second phase boom for Australian LNG. What there will be is a desperate and decade long fight for survival between massively over-capitalised existing capacity.

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.