Target $18.72, page-3375

AFR 5.1.23 S. Evans said (interview with R. Stokes, CEO Seven Group)

‘Sleepwalking’ into a[n Energy] crisis

But it is important to look over the horizon. “We’re fixated on [interest] rates (as a country),” he adds. “There’s a lot of fundamental strength in the economy”.

Stokes is also increasingly uneasy about energy policy in Australia.

“We run the risk of sleepwalking into an energy crisis”.

Moving steadily to renewable energy makes sense, but he believes it is crucial that gas is fully harnessed as a transition fuel and that it is nonsensical to retire coal-fired power stations before a fully RELIABLE (my emphasis) replacement system is up and running.

“This is a national security issue”. He says price caps aren’t the answer and will have “an unintended consequence”.

Stokes believes the gas industry (ditto coal industry-my words) has been too slow to state its case over the past few years. “The sector has not been forthcoming enough in positioning the role that it plays” ".

a.f.r. https://www.copyright link/companies/infrastructure/early-riser-ryan-stokes-laments-our-interest-rates-obsession-20221206-p5c449