Gas reservation a good first step but power prices need more
It is a good thing the Australian government has decided to set a floor price for retail electricity in an effort to bring down energy bills.
Nine Lies: how the gas cartel clouted Australia with price rises
There is not a gas market. There is a gas cartel. Ergo the nosebleed price rises. Four players dominate production in Australia and exports of liquid natural gas (LNG) too: Santos, Origin Energy, Shell and Exxon/BHP. The latter are effectively one player as they enjoy joint-marketing arrangements.
Gas: importing exports will lead to more profiteering
Australia is destined to become the world’s biggest exporter of gas, writes analyst Bruce Robertson. Importing gas to solve the challenge of rampaging gas prices is ludicrous and only paves the way for the gas cartel to further profiteer at the expense of consumers. The answer is clear; a “domestic reservation policy” which earmarks Australian gas for Australia consumers. What is lacking is political will.
Poor misunderstood Exxon faces unfair Senate grilling
Senator Kimberley Kitching: “So, they are the owners of your company. Have you met them?” Exxon boss: “I have not met them”. Kitching: “You have not met the owners of the company which owns you … and you are the CEO? The dialogue...
When a sale is not a sale – Origin Energy’s unreal unrealised gain
When is a sale not a sale? When it’s an Origin Energy sale. Gas giant ConocoPhillips bought an $8 billion stake in a CSG to LNPG terminal from Origin Energy but here’s the thing, Origin didn’t actually sell it. At least that is what Origin claims....Whats the scam
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