Gas cap and affect on STO?, page-52

Government out marketing its proposed policy while consultation period still theoretically going on and policy not voted on.
Pretty crazy situation- why would the Government not keep the price capping beyond 12 months?. There will be a war in some country every year going forward. They will want green energy at any cost and I mean any cost.
The ACCC reason for $12 is laughable. Basically saying that 2 years ago before war that gas was being contracted at that 10 % below that rate so gas companies can do the same now for 12 months totally ignoring the fact that different fields and infustructure etc are all in play going forward. !!!
The obvious future is for the govt to contain inflation is to contain energy cost by capping their non preferred providers or excluding them from teh market. So gas can be teh baseload but get none of teh cream - crazy as infustructire and reliability will simply degrade for domestic use while port facilities and export that are profitable will get all the $.
Govt believes gas and coal are like the magic pudding and just turn on teh tap at one end of the pipe and it keeps appearing at the other with no work.
Industry that uses gas in processing will not invest and in many cases can't electrify especially as peopel just don't understand the realistic forward pricing of gas and electricity. Brickworks kilns etc are not a - yeah tomorrow we will just plug in a electric heater - she'll be right mate!!. No planning required just a big extension lead to that " big battery" I guess . The power supply lines and local network simply can't support this hence the reason they have used gas for decades .

This locks every Australian and Australian industry into expensive energy for decades and probably unreliability as a mixed bag of charlotens supply bright ideas on batteries etc that never eventuate or perform and shell companies hold the contracts. We just exported the last of Australian heavy industry and manufacturing jobs right down to packaged foos if this proceeds IMO. This is inflationary and loss of food and job security and we will be at teh mervy of countries using coal like China to produce cheap energy.

Who do we blame then?
The voting public is thick as bricks with memories of goldfish now only worried about surviving till next paycheck and if the gas industry gets rolled into this without setting it out for the public they are stupid as well. If you think the army can come in and run a gas processing plant and fix pipes etc - nope - this isn't gonna happen.

Let the blame game begin.

Tomorrow STO and all gas producers must put out an announcement with amended forward projections and then consider what projects it will persist with in this environment so the market is fully informed. STO has less to worry about than some but it will change iinvestment in Australia forever unfortunately and that goes for solar etc as government can just nationalise that when prices skyrocket?