The japan gas export deal (John Howard) Northwest Shelf is the perfect example of what NOT to do!
"By 2015, it was being called the worst deal ever done. The Chinese by then were paying about one-third the price for Australian gas that Australian consumers themselves had to pay ... and they were guaranteed to continue doing so.The Chinese had got the deal of a lifetime because the consortium of Australia's North West Shelf operators hadn't thought to insert a clause into the contract that would raise the price of gas from what was, in 2002, a historically low level.As world gas prices rose and rose, the price paid by China for what Howard had called "a gold medal performance" stayed at rock bottom. Australia's gas exports of 3 million tonnes a year from that single agreement were contracted to stay at basement prices until 2031." disallowed/opinion/how-australia-blew-its-future-gas-supplies-20170928-gyqg0f.html
Japan might have beaten this great deal?
Trumps blowing up the yesterday Immigration, Ukraine and Israel combination laws.
The "long-sought overhaul of immigration policy both sides had agreed on "Bipartisan border, foreign aid bill blocked in US Senate" Its now back without the "WASHINGTON, Feb 8 (Reuters) - A $95.34 billion bill that includes aid for Ukraine, Israel and Taiwan advanced in the U.S. Senate on Thursday after Republicans blocked compromise legislation that included a long-sought overhaul of immigration policy. Senators backed a procedural motion by 67-32, exceeding the 60-vote threshold to advance the bill. Seventeen Republicans voted in favor, in a surprising shift after they blocked the broader bill on Wednesday."
Inflation and cost pressures by two geriatric fools in the USA will and is adding dimension and pressures in so many ways. Trade and Economics is always interesting.
