PDN 3.05% $9.53 paladin energy ltd

THE SQUEEZE IS ON, page-3386

  1. zog
    3,082 Posts.
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    What a good reason to look into the future over gas prices. Here in WA we negotiated a 15% domestic allocation for gas and lo and behold we have not had the same inflation as you on the East Coast. On the East Coast you listerned to the "greenies"and refrained from approvals of new gas in Vic & NSW and allowed your gas resources to run down - now you are screaming to get some gas - you have plenty in Gippsland etc - just let the resources companies exploit it; it's yet another case of greenies controlling the agenda. A quote is always that you should of done it 20 years ago but the second best option is to cut the green tape and do it now. It's the same with nuclear second best is to do it now - you have now lost the opportunity of doing it 20 years ago. The AEMO 2050 policy states that 16Gw of gas will be necessary in 2050 - obviously the second best option is to open up you gas resources (or get a pipeline from our West Coast resources) and build gas now and buy time for its replacement by nuclear by 2050 (or earlier). Listening to greenies is a fruitless activity - when the blackout happen (and they will without gas/nuclear) the proverable will hit the fan and Bowen and crew with 100% renewables less 16Gw) will be left "holding the baby" and may sober up - losses to the East Coast economy will come home to roost (thankfully we in the west will have gas)
 
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