Antinuclear

Australian news, and some related international items

Turnbull panders to gas industry as part of his attack on Labor States Victoria and South Australia

Phoney energy crisis merely a ploy to access off-limits gas, SMH, Waleed Aly, 17 Mar 17, 
Turns out manufacturing is alive and well in Australia. Only these days we’re manufacturing crises. This week’s exhibit is from the gas industry, which having witnessed the energy market regulator’s grave warnings that we’d all be having cold showers in the dark in a couple of years, found itself summoned to the Prime Minister’s table…..
Let’s be clear: there is no gas shortage. Not in Australia, and not around the world. In fact, there’s the opposite: a global glut of the stuff. BHP has already admitted there’s enough gas in Bass Strait to supply the east coast “indefinitely”. And globally, by the end of 2015 the gas industry was capable of producing about 25 per cent more liquefied gas than the world wanted to import.

By 2020, production capacity looks set to increase another 30 per cent. Even if demand is increasing – and that’s not absolutely clear – it’s not keeping pace with that……..

What’s much easier to believe, though, is that the gas industry is desperate to get its hands on gas supplies that are off limits – especially controversial ones like, say, coal seam gas. And if they have to offer a little more domestic supply to do it – at a time when global demand is slowing anyway – then it’s hardly a sacrifice. Oh, and as it happens, that’s exactly what Turnbull would like to offer them, hence his condemnation of the states’ bans on further gas extraction.

It’s a neat trick, really. Take a country with enough gas to supply itself “indefinitely”, send the vast majority of it overseas, refuse to sell locally at a fair price, create a domestic shortage, then demand access to some of our most environmentally sensitive resources as though it’s an emergency measure.

And if you’re going to pull a trick like that, this is the government to pull it on. Sure, Turnbull announced some useful initiatives to increase transparency in the market. But the Turnbull government’s energy wars have led it to the point that it simply cannot resist any opportunity to turn this back on the (Labor) states. It’s only too happy to paint this as a problem of Victoria or South Australia’s creation, as though gas companies have been passive observers, …http://www.smh.com.au/comment/phoney-energy-crisis-merely-a-ploy-to-access-offlimits-gas-20170315-guz8pb.html

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March 17, 2017 - Posted by | AUSTRALIA - NATIONAL, politics

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