Rotten gas cartel ripe for slaughter

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Labor has missed so many opportunities to rid the nation of this economic millstone that I have no faith it is about to do so.

Yet the gas cartel is weak, leaderless, and divided.

Top gas executives will gather in Perth this week in a last-ditch attempt to shape the Albanese government’s overhaul of the east coast gas market, but widening grudges may prevent a unified step forward.

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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.