It’s China that’s killing East Coast energy

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Some nice new charts from IEEFA on the great gas gouge.

It’s China that’s sucking the life out of the East Coast economy.

Of course, China sends the gas back elaborately transformed into battleships. But somehow that doesn’t seem like a good exchange.

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There’s loads of uncontracted gas to deploy the Dutton reservation policy (and yes, enough on the East Coast).

Victoria has finally stopped sending gas to China.

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If we can’t fix a local shortage amid what’s coming globally, then something is very rotten in the state of Australia.

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.