Traders Versus Holders, page-67

Pear however we got to this sorry state, Victoria is in it. The current and previous government didn’t release acreage for drilling and are reaping the consequences. Note since 1982 liberals have only been in power three terms and only once since 1999. I have worked in the oil and gas industry in Victoria and it is frustrating how much oil and gas there is left undeveloped. Sure be green if you want but cheap energy is the lifeblood of any state especially a manufacturing heavy state. So we need STO to develop narrabri else Victoria’s manufacturing economy is gonna come to a grinding halt by 2020. Gas in Victoria will equalise in price to Japanese LNG prices because that is how free markets work unless Narrabri is developed. Offshore drilling and FPSOs is also another option but it will take 1 year for concept, 2 years for FEED, another 2 years for Execute and add some delays (Hyundai stuffing it up as usual) and we are gonna hit 2020 without any news sources of gas. So CSG is the only hope, and eventually when everyone’s electricity bills are surging 20-30% annually will the government come back to STO and ask for them to develop Narrabri.