Australian LNG

As we know, Australia’s East Coast already has a suite of secretly subsidised coal power stations in NSW, VIC and QLD to go alongside heavily subsidised renewables.

You do not have this high an agreement on whether the Earth is round.

Ian Verrender at the ABC is blunt.

Victoria has had the cheapest energy on the East Coast for many years.

We know that we are wrecking our economy with crazy high gas prices.

Honestly, if everybody is happy to take this, then they deserve it.

As we know, Australia hates Donald Trump in part because of his stance on climate change.

Treasurer Jim “chicken” Chalmers is already plotting your next power bill shock.

There is no end to Victoria’s disease when it comes to energy.

This is why.

For that is what they are.

It’s Groundhog Day for Aussie households.

Over the weekend, OPEC+ production was raised of 548,000 barrels per day (bpd) for August, above the initial projection of 411,000 bpd.

As the gas cartel unleashes another energy shock… There is nothing it will not destroy in due course.

This is the worst government of my lifetime, and that is saying something.

The gas cartel’s corrupt mouthpiece, the Grattan Institute, is facing more backlash over its idiotic gas ban taken up by an even more stupid Allan government.

News.com.au reports that Victoria has relaxed its gas phase-out plan, allowing owner-occupiers to continue using gas heaters and reaffirming that businesses can keep gas running in existing commercial buildings: The state will still push ahead with reforms that will make all new homes and most new commercial buildings electric only from 2027.

The gas cartel shills are in gear for the Santos takeover, according to the AFR.

Major LNG exporters Qatar and the United Arab Emirates rely on passage through the Strait of Hormuz to supply Asian markets.

The Australian has a consistent viewpoint on the use of gas that is clearly destructive to the Australian economy (and, therefore, itself).

Even the cartel-loving AFR can’t come to grips with selling Santos to the UAE.

The Rudd/Gillard Labor government made the disastrous decision in the early 2010s to authorise LNG exports from Gladstone, Queensland, without forcing gas producers to first serve the domestic market.

The cartel is back, baby.

Some nice new charts from IEEFA on the great gas gouge.