Idiot Dutton: cheaper energy prices “catastrophic”

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Out of all the hills to die on, idiot Peter Dutton has chosen the worst one in siding with the foreign owned energy cartel over Australians.

That’s right, this buffoon is trying to argue that the Albanese Government’s modest $12 a gigajoule price cap on east coast domestic gas, which passed the Senate last night, is “catastrophic” because it will somehow crush investment and supply, driving up energy costs:

Dutton characterised the regulatory intervention as “a massive con job” because power bills would continue to increase next year despite the legislated price cap…

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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.