Bottom line is the East Coast is headed for a gas crisis. Government failure to reserve energy for domestic use is the issue. Good ol Mar' n Ferguson is just the mouthpiece for APPEA and has his White Paper prepared by the gas sellers!
All good for gas sellers and it is shale gas which is the only likely candidate to plug the gap.
Whilst high gas prices are great for producers, some sensible management of the asset is required otherwise there is the risk of killing the domestic customer. That is why, IMO, the BRU state agreement makes a lot of sense from everyone's point of view. Shale gas is not something which will be susceptible to piecemeal development and BPT should be looking to do something equally visionary and beneficial. As should the states of SA and Qld.
BPT Price at posting:
$1.43 Sentiment: Buy Disclosure: Held
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