Australian Economy

The Australian: Arrow Energy, the joint venture between Shell and PetroChina that is sitting on the east coast’s biggest undeveloped gas resource, is spending up to $850 million boosting supply into the tight gas market as shortages loom.

By Leith van Onselen If you get a chance today, make sure that you watch the above debate on immigration aired on Sky News’ Politics HQ.

By Leith van Onselen Australian industry groups have today united to lobby the federal government to boost trade and apprenticeships following the number of apprenticeships falling to their lowest level in a decade.

By Leith van Onselen The latest round of data on incomes was a sobering experience for Australian workers.

By Leith van Onselen The Australian’s Angela Shanahan penned a spurious article over the weekend repeating the oft-used myth that Australia needs to persist with mass immigration in order counter population ageing: We need immigrants because we can’t replace ourselves.

From Morgan Stanley on the US market but a handy primer: Key takeaways from our analysis of the energy storage market: 1.

From The Australian: US tech magnate Elon Musk is so confident he can fix South Australia’s energy woes he declared Tesla will get a statewide system installed and working 100 days from signing a contract, or it’s free.

I’ve lost count of how many folks that have complained about various solutions to the east coast gas crisis triggering the dreaded “sovereign risk” for the companies involved.

Hmm: The answer is nothing unless they’re forced.

There is no relief today for gas or power prices with east coast average of the former still at $10.33Gj while in Japan exactly the same gas is available for $8.01Gj.

Via Reneweconomy: In this note I apply elementary statistical analysis to squeeze historic wholesale price data to see if they will offer a confession on why Victoria’s demand-weighted average wholesale electricity market price rose by 46% in 2016, compared to 2015.

By Leith van Onselen The AFR is today hosting a business summit, where panelists have been asked to explain what is behind the rise of so-called “populism” and whether it could come to Australia.

The war between Big Gas and Australia is heating up fast but it’s not at all clear which side the Do-nothing Government is on.

By Leith van Onselen The December quarter national accounts was a sobering experience for Australian workers.

By Leith van Onselen Labor’s treasury spokesman, Chris Bowen, will address the Lowy Institute today whereby he will argue for Australia to pursue larger-scale multilateral free trade deals rather than bi-lateral and regional deals.

By Leith van Onselen Prime Minister Malcolm Turnbull has today come out in support of the Fair Work Commission’s (FWCs) decision to cut Sunday penalty rates, citing supposed economic benefits that will arise from the decision.

The third AIG PMI is out: The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) lifted by 5.4 points to 53.1 points in February (readings above 50 points indicate expansion).

By Leith van Onselen After pinching bronze last quarter and taking the mantle of the world’s third most indebted households, Australia has risen to second place according to the latest data from the Bank for International Settlements (BIS).