Australian LNG

The ALP is pretending to care about gas taxes.

JPM with another excellent note.

Has Albo grown a backbone at last?

JPM today tallies the damage to hydrocarbon output in the Gulf. Around 60 energy infrastructure assets in the Gulf have been impacted by drone and missile strikes in the nearly six weeks since the conflict started, with about 50 of them suffering varying degrees of damage (Figure 1 & 2).

Some leaks about One Nation policy today make for good reading.

The East Coast gas export cartel is doing a grand job of demonstrating its power over local prices, keeping it at $10Gj.

Apparently, there will be no gas tax forthcoming from Albo’s cowards, as they will instead prioritise their desperate hunt for fuel.

Gas idiocy is back.

The local gas price is still holding far below the Asian price, but it is now threatening to rise above $10Gj.

Liberal frontbencher Andrew Hastie has told Guardian Australia he’s open to the idea of a 25% tax on gas profits as part of a sovereign wealth fund which could strengthen the budget.

In the last few days, RBA hawkish fears have eased, even though the central bank has maintained its rhetoric.

It’s pretty clear that the American Idiot has opted for boots-on-the-ground.

The great Aussie fuel bludger is still paying $151 per barrel for Oman crude today and probably more, as it scavenges and scabs barrels wherever it can.

It must be the only place on earth where this is happening.

This would be a worry in normal circumstances.

The Albanese government is underestimating the severity of what might be the biggest oil crisis in history, driven by interruptions in the Middle East and the closure of the Strait of Hormuz, according to International Energy Agency (IEA) Fatih Birol.

Yes, the impossible has happened.

Always fighting the last war, Albo’s cowards are talking about doing stuff in May.

Literally exploded.

As we know, China has banned refined fuel shipments, restricting the world’s supply.

With the news last night that Iran bombed and set ablaze the huge UAE Shah gas field, LNG prices are on the march higher across the world.

Iran is humiliating the American Madman on a daily basis now.

Australian gas prices have held at $10Gj over the past few days.

For decades, Israel has tried to trap US presidents in a war with Iran.