ABC does the fight between frackers and farmers

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The gas has to be transported to the south as well. There is no current pipeline to do it and the proposed NEGI is not big enough to fix the east coast problems by a very wide margin and is so expensive that it will have negligible impacts on price anyway.

On top of that, if you don’t reserve the gas, the Curtis Island monsters will just suck it up and send it offshore anyway.

I still support opening up gas supply where it is possible to prove that extraction is not harmful to the districts involved. But the simple fact remains that it will not solve the energy crisis anyway. The best (and perhaps only) way to do that is to ban third party exports of gas (which would only hold back 3.6% of volumes for heaven’s sake), install domestic reservation and deploy “use it or lose it” rules to force the development of Arrow reserves in QLD.

Pretty much anything else is hot air.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.