Compared to last year, Albemarle now expects the price at which...

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kcf

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06/08/22

09:16

Post #: 62959351
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Originally posted by bellcurve: ↑

there's one thing Australia can absolutely bank on in the current energy crisis of massive price increases for electricity and gas and that is there's no help coming from LNG exporters.

after all, they've engineered this domestic gas supply crisis and benefit hugely from the massive price increases gouged from domestic consumers.

as always these so-called titans of international energy supply have no interest in the long term health of the Australian economy, with their corrupt price gouging focussed short term.

having chosen to overestimate east coast gas supply and used their rubbery figures to oversell Australian exports, they've had to drain domestic supplies wherever possible, such that Australian consumers pay more for their own gas than overseas users.

If this weren't the case, why would anyone in their right mind consider building an LNG import terminal in one of the world's biggest LNG exporting countries.

of course a strong federal govt could pull the mostly overseas-owned LNG exporting industry into line.

but Australia isn't blessed with such a govt now or in the past. Albanese has got to stand up to these companies if he wants more than one term in office.

sadly, he's ruled out even entry level controls such as taxing gas companies on the bumper profits they make from engineering this crisis.

fact is export controls need to be introduced now. It doesn't matter how much noise the gas industry generates in response because if Albanese doesn't do something, he won't have a second term anyway. The talk is that 2023 will be even worse than this year.

because we know, we can be 100% certain that the overseas-owned LNG export industry doesn't give a toss about the welfare of Australia.

indeed, they have every interest in extending the Rape of Australia.

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Compared to last year, Albemarle now expects the price at which it sells its lithium to jump at least 225% in 2022 and adjusted profit in its lithium division to rise at least 500%.
We have shifted our lithium contracting strategy to realize greater benefits from these strong market dynamics," Albemarle Chief Executive Kent Masters said in a statement
translation...if the gas companies can do it so can we.
kcf
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