Devil in the detail in the Govt gas price cap, page-64

First of all, I hold Woodside shares.
I did mention before, Woodside and other gas producers have some good points on their side.
1) They take a lot risk and invest a lot of money.
2) It takes years before a projects starts producing.
3) When the price of gas was rock bottom, nobody bailed them out.
4) The huge profit they are making will make up for the future lean years.

Points against them,
1) The gas (and minerals) belongs to the people of Australia. The task of drilling was farmed out to companies and in return they pay taxes.
Food for thought: When the energy companies are making huge profits, is it still a fair arrangement?
2) High energy prices has an impact on the wider economy. Businesses can be unviable due to higher energy cost.
3) High energy prices affect ordinary Australians as well. Higher cost of living etc. People spend less.
4) Energy companies cannot say points 2) and 3) have nothing to do with them. If the the economy goes down, the demand for oil and gas usually drops as well.
5) When WA insisted on 15% of gas be reserved for WA, most were very negative about it. But Energy companies are still thriving.
6) Food for thought: Do the Energy companies really want to be the bad guys in the eyes of the public?

Lets not talk about Greens or what governments did what (you are right but its pointless)