the problem as I see it is different and deeper to the problem in our face.
to me - is it a big deal that Australia has to buy gas because of a shortfall for domestic supply?
well - yeah, kinda - if it had been managed well years back - there should have been no need.
BUT, the biggest problem is - if one looks at the difference between Australia having to buy gas in because of a domestic shortage -
and look at France, which has to at times buy electricity in because of domestic shortage -- (which pisses off the average Frog)
is it the same problem/issue? ------------------- to me - NO, IT IS NOT.
and here is the difference --
Australia does NOT OWN it's gas which comes up out of the ground and is sold off to other places BY foreign companies
France DOES own it's electricity generation system - and FRANCE sells power AND gets paid very much for it
So, France jiggles between buying and selling --------- nowhere near the problem that Australia has
for Australia - there's NO JIGGLE ---------- Australia just stands by and watches it's gas head off somewhere else - AND Australia gets almost nothing out of that - almost ZIP
then, Australia is at the whim of the world gas prices to buy in what it needs
France might be at the whim of the power prices when it buys - but, it's selling price balances that.
So, Australia has a fail fail fail fail in it's gas energy -
not only did it allow foreigners to own the gas industry ----------- it also didn't demand supply for it's own people and business supplies guaranteed - NOR did it set a price cap that those foreign owners would be held to to provide gas to Australia
it's a woeful situation - fails at many government levels - and for a long time.
just another example of a spectacular lack of vision of Australian politics - all levels, all parties
- Forums
- Political Debate
- Stupid -- Yep - Import GAS !
Stupid -- Yep - Import GAS !, page-126
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, MD & CEO
James Graham
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online