Santos says $6-9 MJ and Angus hoping for $4, which is the whole objective of the 'gas fired recovery'.Then GAS industry group says gas price ISN'T critical to manufacturing, which was government's whole argument. I'm waaay confused now.
Everyone knows the feds wanted AEMO to make up a gas led recovery scenario. But everyone said it had no credibility.
End of cheap gas came when gas companies decided to ruthlessly exploit the export market.
Most manufacturers use little or no gas. More gas is burnt by the gas industry just to export the gas, to cool it to put it on boats, than is burnt in the ENTIRE manufacturing industry.
Santos previously told analysts that half the point of exporting gas was to push domestic prices up.
Why are they pushing ahead with subsidising gas? "Donations...few yeah it's pretty simple."
A few live tweets during the program
Australia's gas future under scutiny 4 Corners tonight, page-2
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