Labor legend backs Dutton gas reservation

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While most of Labor is lost on Planet Gaza, Jenny George is focused on what matters. From The Australian:

The government’s review of gas markets is timely as the interaction of our domestic and export markets is dysfunctional. LNG is exported without regard for our domestic needs. We’re the second-largest exporter of LNG, yet facing domestic gas supply shortages on the east coast. Our uncontracted gas is being sold on international spot markets, while at home our energy ministers are considering importing LNG.

This is contrary to commitments made before the LNG operations commenced at Gladstone.

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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.