The energy shock
Australian gas prices are traditionally in the $3Gj range. Yesterday they hit $382Gj for a brief period as the wholesale market failed. We are now seeing the gas regulator fix prices in other states at $40Gj.
These prices are far above the price we charge our export customers for the same gas because the gas export cartel of Shell, Origin, Santos, Woodside and Exxon have sent so much gas overseas that Australia is being starved and gouged.
AUD oil above $150bbl >, page-31
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