Australian Politics

While Treasurer Jim “Chicken” Chalmers is busy writing 6000-word essays on how he will restructure markets, his one attempt at doing so is failing.

I wonder when a government will finally awake to the fact it is at war with the gas cartel.

It’s argued so furiously that it could all be mistaken for an actual debate: Business leaders have warned Jim Chalmers not to “sleepwalk into being a quasi-command economy” nor rewrite Australia’s ­successful ­market-based system in the Treasurer’s quest to usher in a new era of values-based ­capitalism.

While Treasurer “Jim” Chicken Chalmers has so much time on his hands he can pen 6000 words of absolute mush about market restructuring, his energy reforms are not working as intended.

Treasurer Jim “Chicken” Chalmers has somehow found the time to pen a 6000-word essay in The Monthly.

John Kemp has a piece today that is well worth repeating: In the first scenario, the global economy tips into recession, cutting distillate consumption, boosting inventories and lowering prices.

There’s nothing quite like the combination of an idiot MSM and a lying pollie: Stubbornly high inflation could force the Reserve Bank to deliver an additional three rate hikes and risk recession, after surging holiday and electricity prices drove inflation to its highest level in more than 30 years.

Jeez, the alleged leftie press is unreadable guff sometimes: Anthony Albanese’s approval rating has dropped five points over the summer as Peter Dutton ramped up what Indigenous leader Noel Pearson calls “a spoiling game” on the voice to parliament.

Despite ignoring the issue forever, the MSM is cock-a-whoop: Here is what Shell has done: Shell’s Queensland-based gas company QGC on Monday notified customers it was again accepting bids for 8 petajoules of wholesale gas supply for 2023.

All of them.

It’s like our media is retarded: China will hold high-level trade talks with Australia in coming weeks, according to state media, boosting hopes that it will pave the way for the easing of some of Beijing’s $20 billion tariffs on Australian exports.

When in doubt, lie: Future prices for electricity dropped by about a third after the government announced its energy price caps, in what Treasurer Jim Chalmers says is a sign the market intervention is already taking effect.

Let us recall the liars the thieves of Australia’s mining narco-state: Shell and Woodside Energy have extended a suspension to enter into new supply contracts until details about the government’s proposed “reasonable price” provision, sources said.

JPM with the rich irony.

By Stephen Saunders: The October Budget offers us a sparkly new “wellbeing” framework.

There are all kinds of gas cartel apologists on the hustings today, nitpicking over this and that in the government’s price caps.

When I worked at the Victorian Treasury in 2006, the Government had recently released “Melbourne 2030”, which projected that Melbourne’s population would reach 5 million people by 2030.

Just wow.

This makes a lot more sense than Mike Cannon-Brooks cable to nowhere: Andrew Forrest’s Squadron Energy is considering bidding for Sun Cable – the visionary $35 billion clean energy export project in northern Australia – against Mike Cannon-Brookes, but will dump a 5000-kilometre power cable link to Singapore if successful.

It’s a new year but it’s the same old gas cartel.

Coalition humiliation is complete: The Albanese government will cap the carbon price at $75 a tonne for miners and other big industrial emitters, in a bid to shield business from the risk of future cost spikes and provide certainty under Labor’s decarbonisation plan.