Australian Politics

The federal government will seek to negotiate a deal with Senate crossbenchers to secure the passage of its bill to establish the $10 billion Housing Australia Future Fund (HAFF).

This debate is maddeningly influenced by the gas cartel: …the Andrews government on Thursday rejected the suggestion that more gas supply was needed to prevent shortages, and instead argued a domestic gas-reservation policy should be set up to stop Queensland’s liquefied natural gas (LNG) companies from shipping too much supply offshore.

What an entertainer Pauk Keating is!

A remarkably warm winter in Europe that is part of a decisive trend.

Paul Keating is right: Paul Keating has lashed this week’s AUKUS decision as the worst by a Labor government since Billy Hughes introduced conscription during World War I, but his view has been repudiated, including by former colleague Kim Beazley, who oversaw the construction of the Collins Class submarines.

Morgan Stanley with the note. There is no reason why gas (and coal) prices will not keep on falling.

Australia is not buying two types of nuclear subs.

Most of Australia’s past privatisations have been anti-competitive and created private monopolies, resulting in worse outcomes for consumers and taxpayers. Our politicians pursued this agenda because it allowed them to deliver both lower taxes and reduced public debt (in the short-term) simply by transferring the ownership of monopolies from public to private ownership.

Another electricity price shock is set to arrive in a few months: Electricity prices are poised to jump by more than 20 per cent when the energy regulator unveils changes to default offers next week, Origin Energy chief executive Frank Calabria says.

From the US: The US will speed up Australia’s acquisition of nuclear-powered submarines by arranging for Canberra’s first few subs to be built in the US, according to people familiar with the still-confidential plan.

Egged on by past gloomy successes, a new breed of superdoomster is abroad to ruin your day (if not life).

Newspoll is reporting a dent in Labor support: Remarkably, the trend for Labor is still up as Australian living standards collapse at the fastest pace in modern history.

As said for many years, the underlying state of the global gas market is over-supply.

Roy Morgan Poll on Federal voting intention shows the ALP support down 2% points to 56.5% compared to the L-NP on 43.5% (up 2% points) on a two-party preferred basis.

Since the founding of MB, the Australian political economy has reverted to form.

Honestly, not even The Australian can make this sound threatening: Shell said proposed changes to the ADGSM would make matters worse for the sector and hit back at the way big users had campaigned on the mechanism.

At the beginning of the month, things were looking bleak for the Perrottet NSW Government heading into the 25 March election.

Ah yes, the charming gas cartel: It’s just what Woodside shareholders want to hear. The record $US6.5 billion profit ($9.6 billion) for the full year reflects global high oil and gas prices and Woodside’s decision to double down on the future of oil and gas by acquiring all of BHP’s petroleum assets last year.

Some price relief is resuming in the National Electricity Market.

My base case is an ongoing reversion to mean for global gas and coal prices.

The AFR should be shut.

Unions are Australians’ last best hope of stopping Albo’s useful idiots of capital from wrecking the joint: Unions have opposed scrapping requirements for employers to prove domestic shortages before recruiting overseas workers, warning against a business push for quick fixes to the migration system by the May budget.