Gottiboff is at it again today:
There is a simple way to put eastern Australia on the track to much lower gas and power prices: appoint Peter Dutton as energy minister for a day.
Australians, and particularly Victorians, are not being told the truth of how vast reserves of low cost gas are being concealed by Victorian politicians and thus forcing up the prices of both gas and power in NSW and Victoria.
We need a Peter Dutton to break the silence code just as he did with the African gang concealment.
The Victorian government’s “there are no gangs” style gas message comes via a $42 million committee that was set up partly to report on whether there was onshore conventional gas in Victoria. A report has come out saying what most knew — that it is highly unlikely that there are big reserves of conventional gas on shore.
What it does not say is that there are vast reserves of low-cost onshore gas that do not have the “conventional” brand.
…Exxon was preparing to undertake a $200m full pre-development project but the Victorian government, led first by the previous Coalition Napthine administration, blocked them fearing farmers would mix this up with fracking.
But then the ban was embraced by Premier Daniel Andrews and backed by Opposition Leader Andrew Guy as gas prices spiralled upwards as Bass Strait ran down. Incredibly, this amazing resource and its potential to slash gas and power prices has been blocked by legislation.
Gottiboff has been one of the few to attack the east coast energy debacle it is a shame that has resorted to these hysterics. There is unconventional onshore VIC gas. Nobody knows how much but it’s probably substantial. The problem is the price at which comes out of the ground. The data on that is sketchy too because the exploration has been so curtailed but here’s the AEMO chart:
NSW unconventional gas is $7.25Gj before you add a profit margin and pipeline costs. This is roughly the same as the current price of spot gas. These reserves should be developed but they won’t solve the problem.
The only way we are going to drop gas prices to $5Gj is stronger domestic reservation for the cheaper gas that is all heading overseas via the export cartel.
