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  1. 21,290 Posts.
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    Check out the ACCC East Coast Gas Inquiry Report of 25 September 2017 and the Chairman's speech at the Press Club on 24 September.
    Price will always depend on supply and demand, the problem is that there is a massive shortfall in supply and no new gas is coming on line.
    THAT'S what has to be resolved and placing restrictions on exports where fixed contract will be affected is a pathetic and highly dangerous and very temporary approach. The gas is there, as we can see just from Icon's ATP855, but, no one wants to cough up the dough to extract it. Had it not been for the price of oil crash, ATP855 could now be in full production and others like it. All about funding!!!
    That $1 billion for the Snowy-2 idea that is being touted by the government would extract all the gas that we would ever need and far more quickly. But, while governments play the blame game and are more interested in votes than the welfare of ALL Australians, nobody should complain about the cost of energy. The answers ARE there, the guts isn't !!!!

    Send your post to the Chairman of Icon who can do something about it. We shareholders can only vote on the Remuneration Report and while that continues to be passed we have to accept the democratic rights of those that do support it. It's been going on since day one with Icon and so has your argument.
    And while you are comparing numbers, check out all the other numbers too, those that really count like how much GAS do they have.
 
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