Liveras was right about $4 gas but…

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With friends like these, Aussie manufacturing sure doesn’t need enemies:

Major energy users have sensationally blamed former Dow Chemical chief executive Andrew Liveris for promoting the unrealistic idea among manufacturers that they should be able to buy gas for $4 a gigajoule and contributing to the current gas crisis on the east coast.

Andrew Richards, chief executive of the lobby group Energy Users Association of Australia, told a gas conference in Sydney that a $4/GJ price – suggested by the Mr Liveris-led manufacturing taskforce set up during the depths of the COVID-19 pandemic in 2020 – was “never going to happen”.

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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.