How Australia is being screwed over its gas...

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    How Australia is being screwed over its gas

    http://www.news.com.au/finance/econ...s/news-story/4187e60617aec18e87d57453cfca0167

    'At the moment Australia is the world’s second-largest LNG exporter, providing about 12 per cent of the world’s gas, and it is expected to become the world’s largest exporter by 2020.

    Yet the Australian Energy Market Operator warned last week that Australians may soon be left to swelter or freeze because they can’t get enough gas for their own use.'

    'Mr Sims said there were now reports of Victorian manufacturers being offered one and two-year contracts for gas at a wholesale price of $20 per gigajoule or more, much higher than the historical average of $3-$4.'
 
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