Prime Minister Anthony Albanese has praised Western Australia’s domestic gas reservation scheme and says his government already has the power to force producers to sell to the local market on the east coast.
…Albanese on Tuesday sought to distance any arrangement Labor might come up with to compel gas producers to supply the domestic market before exporting the commodity from plans floated by the Coalition during the May election campaign.
“It’s a very different position from the one that the Coalition advanced during the election campaign, which seemed to have been plucked out of a Coco Pops packet one morning. It wasn’t thought through, it didn’t understand the way the existing mechanism worked either,” he said.
“We have a coherent plan and that’s what we are putting in place.”
No, you don’t. If you did, the $12Gj price ceiling would not be a floor instead.
The Dutton proposal was incredibly simple and elegant. All it did was ensure that the excess to export contract gas currently sold overseas was sold in Australia.
It used export levies to make sure that the excess met a certain size, and by doing so, ensured that the gas companies couldn’t game it by reducing the amount of gas already available locally.
It’s bloody beautiful, incredibly well-thought-through, didn’t break any export contracts, and gave Australia plenty of cheap gas to stabilise everything.
And what has Albo got? A throwaway line about Cocopops, which is a mixed metaphor and utterly beneath the gravity of this discussion.
Albo’s current regime, which is to use the threat of the ADGSM but never use it, only guarantees the cartel sets the price at his ceiling-turned-floor by selling every molecule it can overseas and then holding some back when begged to by Albo’s idiots.
If he is going to use that disproven schmozzle, then lower the price ceiling/floor to $7Gj.
Our PM is corrupt, an idiot, or both.
