A gas asteroid hurtles towards Australia

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You can lead a politician to gas, but you cannot make him/her use it.

After thirteen years of campaigning for a sensible gas regulation regime on Australia’s east coast, MB has again failed to secure anything of substance from Canberra.

Indeed, Labor’s late-year gas reservation is barely even a joke of a policy. Why those campaigning for it—including unions—are now burning down the house is beyond me. They have been shafted.

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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.