Market Forces is some kind of green money lobbyist. It has produced a cracking report on Aussie gas, inadvertently illustrating that market reforms are vital to stabilise Aussie gas usage.
First, the report shows that it is gas that most uses gas.
Next, it shows where industrial gas usage goes.
Finally, it illustrates that 10% of the third-party domestic supply has been sucked out by the Santos GLNG white elephant, and it is getting worse, not better.
That is material to local prices.
Market Forces demands that the government:
- Significantly increase capital expenditure on developing and implementing clean alternatives.
- Advocate directly and through industry associations for federal and state governments to substantially increase funding and enabling policies for clean solutions in the manufacturing sector, as well as renewable energy, storage and transmission infrastructure.
Which sure doesn’t sound like market forces to me.
There are VERY expensive low-carbon alternatives for these industrial processes, but all that will do is send them to China.
Market Forces is proposing an utterly helpless, post-industrial economy for China to bully any way it sees fit.
Not to mention, gas won’t be phased out quickly, meaning LNG imports and this:
Thanks for the report!
