European gas price crashes far below Australian

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Just sayin’. The Dutch TTF is now pricing gas, including Australian, at AUD32.77Gj and falling (I’ve converted to Gj and AUD):

This is because Europe is accumulating its winter storage well ahead of schedule:

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Meanwhile, in Australia, where the gas is produced for $1Gj, only a fixed price of $40Gj imposed by the regulator is preventing the war-profiteering gas cartel from charging $800Gj:

Australia would literally be better off bordered by a hostile post-Communist power that had invaded QLD and was charging a war premium for energy supply.

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But, you know. There is ‘nothing we can do’. There is ‘no short-term answer’. There is no ‘quick fix’. There is ‘no silver bullet’.

There is one thing you can do if this is not fixed.

NEVER vote Labor again.

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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.