‘Reasonable’ gas price a disaster for the energy grid

We should be under no illusions that for all the short-term political mileage of lowering energy bills, the government’srisks the very foundations of the east coast energy grid and all who use it.

For smaller producers, they need those long-term contracts, and a stable environment, to underwrite their access to capital . So, even if they wanted to invest, they couldn’t access the capital now. Ideologically, it would be easy to say that the destruction of gas supply will accelerate decarbonisation. A look at Germany, where they are turning back on coal plants and signing long-term LNG supply contracts to past 2040, suggests it might not be that simple.

Nothing is for free. Labor is harking back to its Marxist-Leninist Stalin economic controls and 5-year plans that was a real success. =increase inflation as more money chases decreased supply. Germany hyperinflation & Russian queues here we come.

Socialist gonna do socialism. Nationalising the gas industry is a warm up act. And you all thought the ALP had changed 😂😂😂

When you elect a socialist PM you get socialist policies. Let’s see how it works out.

The hyperbole from the AFR is stratospheric. It’s now become damaging to the brand how compromised the paper is to big gas companies.

Compared to how the coalition effectively felt with google and facebook, Albo is making Scomo look highly composed and effective.

That's your opinion. Obviously No Faith or support for investing in Renewables! In spite of AustralianLabor Winning Election for Change for the better for the Ordinary People and most vulnerable. Your attitude is Ugly.

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Labor’s energy plan could go beyond price cap in ‘declaration of war’ on the industryEnergy producers fear price controls will last beyond a temporary cap negotiated last week after a long-term “reasonable price provision” was included in a consultation paper. CroweDM NickToscano1 The SMH is like a Murdoch rag, but even more smug and annoying. CroweDM NickToscano1 A declaration of war on the industry WTF could go wrong...Labor lunacy 🤦‍♂️ CroweDM NickToscano1 The gas cartels & their investors have already declared a price & misinformation war on the Australian public. Fact 1. 80% of Australian gas is exported or used to power the LNG trains that prepare it for export & is free of price caps.
Source: smh - 🏆 6. / 80 Read more »

Labor’s energy plan could go beyond price cap in ‘declaration of war’ on the industryEnergy producers fear price controls will last beyond a temporary cap negotiated last week after a long-term “reasonable price provision” was included in a consultation paper. | CroweDM NickToscano1 CroweDM NickToscano1 It’s our gas. They should provide it to everyone in australia for free for the privalige of exporting it. They are such turds CroweDM NickToscano1 Cry me a river of Gas that runs on a raging electriccurrent Excuse me while I cry croco tears for the gouging wroughting companies that sell Aust commodities to overseas comps then sell Aust its OWN products at EXORBITANT prices & profits GOUGING Tax Payers auspoI aholes CroweDM NickToscano1 These poor energy companies and their very well remunerated executives! It must so be hard to, now, be accountable!
Source: theage - 🏆 8. / 77 Read more »