The Gas Long Con Continues; For Now… At What Cost?

Australia’s economic woes can be sheeted to poor Government on housing, tax non-reform and many other factors, but the mother of all problems is the costs of energy. I find in amazing that despite swimming in gas being sucked from the ground by several large multinational companies who apparently pay no tax, they sell the LNG on global markets at peak price, and Australians end up paying high prices, and worse, it translates to the high marginal costs of electricity too. Recall that this week we saw more prices rises announced for the east coast states, just as the Government […]