The resources of the nation belong to the people

Will someone please convince me this isn’t economic idiocy: PM orders gas giants: Australian consumers first:

Malcolm Turnbull will impose tough new restrictions on the country’s gas producers, introducing sweeping powers to block exports unless there are adequate supplies to meet the needs of Australian businesses and consumers.

Declaring that the domestic shortage had led to consumers paying much more for gas than overseas buyers, the Prime Minister said on Wednesday the Australia-first policy was needed to ensure prices were lower and “fairly reflect international export prices”.

“Australians are entitled to have access to the gas they need at prices they can afford,” Mr Turnbull said ahead of an announcement expected in Brisbane on Thursday.

“It is unacceptable for Australia to become the world’s largest exporter of liquefied natural gas, but not have enough domestic supply for Australian households and businesses.”

Following warnings in March that gas companies needed a “social­ licence” to operate, Mr Turnbull hit out at the sector for failing to meet a demand to becom­e net contributors to the Australian market — that is, prod­ucing more for domestic consum­ption than was exported.

“Gas companies are aware they operate with a social licence from the Australian people,” he said. “They cannot expect to maintain that licence if Australians are short-changed because of excessive exports.”

For a parallel we have this direct from Argentina in 2014:

“You have to understand that the resources of the state belong to the people”, remarked Fernández de Kirchner.

Does this government of ours have no clue how a market economy works? Are we now heading for an Argentinian economic future?

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101 Responses to The resources of the nation belong to the people

  1. Natural Instinct says:

    Does Alan Jones of ours have no clue how the Australian constitution works?
    Are we now heading for an American economic future where landholders own the minerals beneath?
    Where the few who don’t “like” mining will prevent the many from accessing cheap & reliable fuels?

  2. Snoopy says:

    The white farmers in Zimbabwe lost their social licence. That didn’t end well.

  3. Rich says:

    Where’s the liberal backbenchers on this

    They care about traditional marriage more than a free market economy?

  4. C.L. says:

    “It is unacceptable for Australia to become the world’s largest exporter of liquefied natural gas, but not have enough domestic supply for Australian households and businesses.”

    No, it’s unacceptable that dickhead warmists like you have made it impossible for Australian households and businesses to take full advantage of cheap, reliable, abundant coal and uranium.

  5. Art Vandelay says:

    Another policy masterstroke from Australia’s First Libertarian Prime Minister™.

  6. The Vengeful Ghost of Fiona Watson's Moggie says:

    Australia: the only English-speaking country in Latin America.

  7. Diesal says:

    Shithole

  8. Nerblnob says:

    Mental.

    Australia voted for a centre right candidate in 2013 and has ended up to the left of Labour.

  9. Nerblnob says:

    2013, in a landslide, I might add. I had no idea it would be heading for Venezuela so soon.

  10. rickw says:

    Most ordinary folk guessed that Malcom was a complete tool, he proves them right pretty much every time he opens his mouth.

  11. Duane says:

    Also the mansions in Vaucluse are very expensive and unaffordable for most Australians. Is he going to intervene in that market as well>

  12. jonesy says:

    Do the words…”Sovereign Risk”…mean anything to our dickhead PM?

    Having said that, do you think it is time to tell Allan Jones be is just dead wrong over fracking? NSW, as is Victoria is sitting on a resource that will be enough to meet our domestic use. It is solely the fault of the eastern state governments for not stipulating take or pay clauses in their contract negotiations. For a start Qld rrserves have been sold on 2P !!!! The gas could not even be there in the quantities already sold.

  13. Tel says:

    If we are exporting LNG that’s propane isn’t it?

    But what they deliver in the pipeline is methane for household cooking, and a bit of ethylene for industrial use.

    It makes no sense whatever that Australians are paying higher than the export price for methane… why wouldn’t the supplier sell to the highest bidder?

    No, it’s unacceptable that dickhead warmists like you have made it impossible for Australian households and businesses to take full advantage of cheap, reliable, abundant coal and uranium.

    Well that would require a coal fired power station and anyone who built one would immediately be painting a target on themselves for Greens Party activists to go nuts. Which is why no one builds one.

  14. Texas Jack says:

    That a Coalition prime minister utters the words “social” and “licence”in the same sentence speaks more than volumes. That there’s nobody challenging this madness from within the Liberal Party is an utter disgrace.

    Notice how the ABC’s The Drum spent yesterday intent on laughing at Bernardi’s latest move? He’s a micro-party dontchaknow? Sure. That’s today. Just wait.

  15. Sydney Boy says:

    Under Australian law, the minerals under the ground belong to the various States, and hence they get the royalties in an over-complicated levy system. No problem with that.

    However I can’t really understand how this has come about.

    It makes no sense whatever that Australians are paying higher than the export price for methane… why wouldn’t the supplier sell to the highest bidder?

    I can only guess that contracts were written when the LNG price was lower than the current price? Therefore the low prices being paid by the overseas customers won’t last long, as most of those contracts seem to have annual price adjustment clauses – if they were done by smart people.

  16. Bruce of Newcastle says:

    Why would anyone invest in Australia when they have to risk the government ruining them by fiat?

    Is there no social licence that businesses are owed too? Overwhelmingly the people Turnbull will put out of work will be his fellow Australians.

    I hope the companies which suffer this rapaciousness will sue his arse off.

    A competent PM would push the Narrabri CSG project hard, foster exploration and urgently build coal power stations, not steal someone else’s gas.

  17. Mark M says:

    What?!!

    Evil “Fossil Fuels” used to BACKUP planet saving “windmills”…again?!

    Surely not!

    http://www.abc.net.au/news/2017-04-26/gas-generators-ordered-to-turn-on-in-sa/8474188

    SA power: Drop in mining royalties due to blackout to hurt SA budget,

    http://www.abc.net.au/news/2017-04-25/drop-in-mining-royalties-due-to-blackout-to-hurt-sa-budget/8470152

    Deplorable Australians are at war with the green political elite to survive.

  18. Entropy says:

    So let me get this right:

    Little red hen Queensland spent multiple kings’ ransoms developing its goal seam gas industry.
    Little Red Hen Qld then asked “who will help me produce more gas?”
    Pig Victoria said “Not I” and Cow NSW said “Not I, Alan Jones might be mean to me”
    So little red hen Queensland did it herself.
    And lo, little red hen Queensland started earning export dollars, at very good prices. So good, Queensland concentrated on the export market.
    “Hey” said the Pig Victoria. “Hey” said the Cow NSW, “why do we have to pay more for our gas?”
    “”Because you have to match the price of my export contracts, and the cost of the very long pipelines to you, including treasure spent buying off all the nimbys and regulatory costs along the way, and the cost of pushing all that gas down those long pipelines” said the little red hen Queensland.”if you built your own wells and pipelines we would all enjoy cheap gas”
    “I won’t do that”said the Cow NSW, “we too scared that one day fracking might actually do what the greenies claim and actually contaminate something, just like Alan Jones and the Greens said it always will everywhere”
    “I won’t do that” said the Pig Victoria, ” because global warming”
    So the pig Victoria and the cow NSW whined to Mr Jones Turnbull at the Animal Farm known as Canberra.
    “From each according to his ability, to each according to his needs”, said Mr Jones Turnbull from his Manor Farm. “I will make that thieving chook from Queensland give you that gas”
    And so he did. Well, at least waffled he would.

  19. duncanm says:

    FMD.

    Is waffle Australia’s first dictator?

    The guy is an idiot. How about addressing the gas exploration bans in the states, first.

  20. Tel says:

    I can only guess that contracts were written when the LNG price was lower than the current price? Therefore the low prices being paid by the overseas customers won’t last long, as most of those contracts seem to have annual price adjustment clauses – if they were done by smart people.

    That could well be the case, but all parties have the opportunity to negotiate contracts, I hardly see why the Prime Minister should step in just because someone or other didn’t get the deal they were hoping for.

    Also as I pointed out, Australian consumers don’t use a whole lot of LNG. Households use methane which is a different product, and the only other usage would be for LNG taxis and buses and prices at the pump are always high in Australia because of taxation, not because of any market prices.

  21. wazsah says:

    as jonesy says – just another increase in Australian “sovereign risk” for resources companies. Resource exploration is a global market.

  22. Tel says:

    The guy is an idiot. How about addressing the gas exploration bans in the states, first.

    Supply side won’t make any difference when we are shipping into a world market which is huge. We would need to create enough additional supply to push down the gas price for the entire world.

  23. duncanm says:

    Tel,

    you’re confusing LPG and LNG

    LPG is propane/butane. LNG is, liquified Natural gas – ie, the same stuff we use in our pipes.

  24. danger mouse says:

    Meanwhile in America, Trump shows how to do a real corporate tax cut

  25. Tel says:

    OK, LNG is methane so I should have looked that up.

  26. Baldrick says:

    Nothing ever good comes from government intervention into a free market economy.
    They’ll fuck it up, every, single, time.

  27. duncanm says:

    Supply side won’t make any difference when we are shipping into a world market which is huge. We would need to create enough additional supply to push down the gas price for the entire world.

    Seems to have worked in the US and UK. Fracking has depressed prices since ~2009 due to the abundance of supplies.

    Release the states to do their own thing – don’t compensate them with GST for idiocy – and they might do something smart like trade state gas pricing for resource permits or similar.

  28. duncanm says:

    Don’t forget the other side of the fuckup coin — forcing energy users into gas, from cheap coal,l because of de ebil carbon.

  29. lotocoti says:

    “Australians are entitled to have access to the gas they need at prices they can afford,”

    I wonder if His Potential Greatness is angling for a regular spot with Alan Jones.

  30. sfw says:

    Pay the landowners royalties and watch the pressure build to frack. It’s the only way out.

  31. Mater says:

    Close coal generators to force electricity production towards gas, and then blame the gas companies for a shortage?

    The electorate really is gullible!

  32. bemused says:

    Maybe the government could address the so-called housing shortage in the same way. No one is allowed to own more than one house. No house block shall be greater than a certain size. House prices cannot exceed a set amount.

  33. Mater says:

    the Prime Minister said on Wednesday the Australia-first policy was needed to ensure prices were lower and “fairly reflect international export prices”.

    Hey Mel,
    There is no global market (or global price) for Brown Coal. Domestically, we can use all want…cheap as chips!

  34. Tel says:

    Seems to have worked in the US and UK. Fracking has depressed prices since ~2009 due to the abundance of supplies.

    The USA had export restrictions (just like Turnbull is pushing) and I’m searching around for the year that lifted but only recently, I think 2015… but I got it wrong on the LPG / LNG thingy so I won’t stick my neck out but seems like around 2015. Didn’t get through Congress or anything, the whole lot is just delegated to the DoE (typical 4th branch of government) who can open or close the export tap any time they like.

    The US wanted the EU to maintain sanctions on Russia preventing them buying any Russian gas, which kind of put Washington in a position where they needed to deliver some gas as compensation.

  35. Tel says:

    Maybe the government could address the so-called housing shortage in the same way. No one is allowed to own more than one house.

    Hey wait, that’s already Bill Shorten’s policy!

  36. cui bono says:

    Thanks Entropy and sfw.
    MT has waded in to another State based mess created largely by GreenLabor governments and not dealt with by State Liberal governments. He will get no political benefit out of his intervention. He has only succeed in getting the media and public focusing on his efforts, not the culprits.

  37. feelthebern says:

    Did the government spend the $20bill on Curtis Island/Gladstone/associated infrastructure?
    No.
    Did the government sign the off take agreements for the gas that secured finance for the spend?
    No.
    Will the government step in & bully private enterprise that paid for the licences, exploration, development, capex, opex to give them discounted gas?
    They sure will.

  38. feelthebern says:

    Based on Malcolms logic, because some of the people who worked on the HPV vaccine at CSL were Australian & the brains of those people belong to the nation, CSL should have to pay the government a royalty etc.

  39. Mater says:

    “Australians are entitled to have access to the gas they need at prices they can afford,” Mr Turnbull said ahead of an announcement expected in Brisbane on Thursday.

    What about those living in areas without gas reticulation?
    Someone give Mel a drink coaster to draw on…NGN anyone?

  40. Boambee John says:

    “Australians are entitled to have access to the legal services they need at prices they can afford.

    It is unacceptable for Australian households and businesses to be charged excessive rates, particularly by barristers.

    Following warnings that legal companies needed a “social­ licence” to operate, Mr Turnbull hit out at the sector for failing to meet a demand to support the Australian market — that is, prod­ucing more legal services for domestic consum­ption.

    “Legal companies are aware they operate with a social licence from the Australian people,” he said. “They cannot expect to maintain that licence if Australians are short-changed because of excessive charges.”

    Fixed that for you Steve.

  41. john constantine says:

    Their abc’s Kindly Kommunist, Komrade Phillip Adams, had their carmen lawrence on radio the other day.

    Their carmen lawrence proclaimed that what we needed was government legislation, to regulate the behaviour of landlords.
    Their abc happy to remove the social licence to have political rights from landlords, and i felt this was worth mocking.

    Now their turnfailure goes full Stalin, and uses the language of their left and threatens the social licence to have political rights of gas producers.

    Their shorten will be worser, quicker and with more gloating, but a glorious shortening until Venaustralia or this cowering, feckless turnfailing into a Venaustralian abyss aint no choice at all.

  42. Mother Lode says:

    Nothing ever good comes from government intervention into a free market economy.
    They’ll fuck it up, every, single, time.

    And when things go tits-up, their response is not to back off, but to intervene more.

    Trumble truly is the most astonishing idiot. Can’t we make him the first refugee to the middle east?

    And Alan Jones should be granted the dignity afforded to all beasts of burden long past their prime – to be led out into the middle of a field and have his skull staved in with an iron farm implement. The aged boy-leering crank still thinks fracking is achieved by Visigoths bursting onto farms, raping, pillaging, and burning everything in sight, drilling bore holes and injecting the farmers’ families at high pressure into the rock strata.

  43. Entropy says:

    “Australians are entitled to have access to the politics they need at prices they can afford.

    It is unacceptable for Australian households and businesses to be charged excessive taxes to pay politician excessive wages.

    Following warnings that politicians needed a “social­ licence” to operate, Mr Turnbull hit out at the sector for failing to meet a demand to support the Australian market — that is, prod­ucing services and good governance for domestic consumers.

    “politicians are aware they operate with a social licence from the Australian people,” he said. “They cannot expect to maintain that licence if Australians are short-changed because of excessive politicians’ pay.”

    Fixed even further for you, Boambee John.

  44. Mike of Marion says:

    Entropy
    #2364972, posted on April 27, 2017 at 6:57 am

    It looks like Prime Minister Parkinson is alive and well!!

  45. john constantine says:

    There were stories that some customers of the LNG plants could get cheaper product out of the United States [free to frack].

    They would be happy to walk from higher priced Australian long term contracts, which would bankrupt the LNG plants.

    Their swampies have dynamited the coal plants, demanded gas plants to enable their windmill phantasy, now demand the social licence to have political rights be removed from the capitalist gas industry.

    Their turnfailure goes full left in agreement, missing the warm abc cupping of his testicles in the morning.

  46. classical_hero says:

    Government, the cause of and solution to all life’s problems.

  47. Boambee John says:

    Tel at 0739

    That is Shorten’s nominal policy.

    Check how many in the Liars caucus have holiday and negatively geared investment houses. That “policy” might turn out to be non-core.

  48. Boambee John says:

    Thanks Entropy.

    The possibilities are endless, aren’t they?

  49. H B Bear says:

    This is not Potential Greatness. Have we reached peak Waffleworth?

    A do nothing Budget and loss of the AAA credit rating is next. Start checking your Mal-lotto tickets folks.

  50. Leo G says:

    Well that would require a coal fired power station and anyone who built one would immediately be painting a target on themselves …

    Conventional coal-fired power should be providing the lowest cost alternative price and should therefor provide the bench price for all alternative sources of energy- at least in generating electricity or in providing energy for space or central heating of buildings.
    Australian governments have interfered with the market to prevent that and in doing so have distorted the domestic gas market but are accusing the gas producers of colluding to set prices and output levels for the domestic market in order to subsidise market strategies elsewhere.
    It looks to me that both governments and producers are at fault.

  51. incoherent rambler says:

    This is the South American political spiral.

    Step A. Create regulations/laws that distort a market.

    Step B. When distorted market fails to produce the desired outcome, introduce more laws/regulation.

    Step C. Go to B

    It is a quick path downwards.

  52. Boambee John says:

    Entropy

    We could also introduce the French 1793 technique for withdrawing the social licences of politicians and lawyers?

  53. Stan says:

    If your measure of Greatness is Hugo Chavez, then Malcolm has reached his Potential.

  54. Dr Faustus says:

    “Australians are entitled to have access to the gas they need at prices they can afford,” Mr Turnbull said…

    Indeed, in exactly the same way I am entitled to have access to the Mercedes AMG-GT that I need at a price I can afford.

    It’s not just molecules x transport. The ‘gas price’ in the marketplace is determined by a whole bunch of customer demand factors that impact on production and transport.

    If your business needs a steady, regular off take throughout the year, then that’s easy for the producer/pipeliner to schedule into their other supply obligations – and you will receive a price that reflects the low-impact commercial and operational situation your requirement causes.

    If your business needs the producer/pipeliner to suddenly supply a high rate of gas, for one day, twice a year (or perhaps permanently for six months), on an unpredictable ‘Oh shit’ basis – say you are running gas generation for the SA Government – you will receive a price that reflects the inconvenience your requirement causes. And it will be way more expensive than a widget factory.

    This is a field brim-full of unintended consequences that are unknown unknowns to Trumble, Shorten and the plonkers advising them. The direct and indirect costs to Australia of trying to impose price control on the upstream of the wholly government-fucked energy market will be incredible.

  55. Dr Faustus says:

    This disruptive initiative (if it actually goes ahead) is likely to be the end of Santos, currently struggling with one too many LNG trains and a tatty balance sheet.

    The irony here is that Santos is headquartered in Adelaide and is a major SA employer.

  56. OneWorldGovernment says:

    Fix the gas shortage by dynamiting any Australian industry that uses gas. Simple.

  57. Mr Anderson says:

    While my wife & I were visiting her parents in India last month, my father in law would show me the day’s front page photo op of PMs Modi & Turnbull. I’d roll my eyes & think: at least he isn’t doing damage back home while he’s here. How wrong i was: this gas reservation central-planning-by stealth rubbish is exactly the sort of thing done in India. Next Turnbull will be suddenly taking $50 notes out of circulation.

    Question to MT – Did you find time between selfies to ask PM Modi about the 50 odd Christians being ‘converted’ to Hindus?

  58. incoherent rambler says:

    Fix the gas shortage by dynamiting any Australian industry that uses gas. Simple.

    Nah. Most of it has already been taxed out of existence.

  59. Dr Fred Lenin says:

    Whatever gave you that idea Steve? The resources of AustrLia belong to the governments of career politicians the crony capitalists who bought them and the Chinese . We have a shortage of gas ! Really?
    The foreign cronies export huge amounts overseas . We dont hVe enough to fuel power stations because the career pollie traitors won’t allow fracking ,might upset the renewable cronies . The AGL ad is a classic dezinformatzi item ,worthy of the old KGB ,”we will only use renewables when we get our pollie bribetakers to penalise the cheaper sources with large imposts ,to subsidise our inefficient scam power which cannot stand competition “. That’s how the ad should read comrades .

  60. Dave Wane says:

    Malcolm’s socialist agenda continues to fall into place. He must be so proud of his work.

  61. Baldrick says:

    The resources of the nation belong to the people

    “The potatoes of Western Australia belong to the people.” – Potato Marketing Corporation of Western Australia.

  62. Nerblnob says:

    USA has been selling gas to Japan since before Australia was.
    http://alaska.conocophillips.com/what-we-do/natural-gas/lng/Pages/kenai-lng-exports.aspx

    The Russians are lining up their Arctic gas for China via pipelines and LNG terminals, contracts in place already. Also selling Sakhalin gas to Japan & Korea.

    LNG isn’t generally sold on the open market like oil.
    You line up the customers and sign the contracts after you’ve proven but before you build the infrastructure and develop the field.
    That was a process that took 20 years or more in remote areas like NW WA.

    Limited to domestic demand, these massively expensive developments would never have been done.

  63. Nerblnob says:

    Massively expensive – and massively lucrative for Australia, helping to fund , through taxes and royalties, all those imbeciles who want to shut it down.

  64. incoherent rambler says:

    Presumably Mick Trumbles announcement was agreed to by cabinet.
    If so, we now have a list of who needs to go.
    Next step is Shorten so we can solve the problem by only allowing CFMEU members to work for (nationalized) energy companies.

  65. IRFM says:

    Getting more gas from the West to the East is the only way. Developing the NT ‘new’ gas areas will alleviate the situation as well. Removing subsidies to ‘green’ energy will allow the ‘natural’ market to develop. US has shown one more time – allow industry the scope to provide abundant energy drives the cost down. Remember one thing is that the US developed its lower cost regime coming off its domestic Henry Hub pricing peak. The US gas industry showed what abundant capital and workplace skill can do. Sure there are a few failures along the way as well. Which brings me to BHP who have sold their unconventional gas interests for the 5th or 6th time and on each occasion at unbelievable losses. Funny mob that.

  66. Siltstone says:

    Its not just in fossil fuels where the policticans compete to turn Australia into some sort of south american basket case. Just the other days the Australian Institute of Foresters indicated that Australia is the seventh most forested country in the world and yet we have a $2 billion annual trade deficit in forest products.

  67. duncanm says:

    Getting more gas from the West to the East is the only way

    as pointed out above – why would you want to do that if you subsequently get screwed on the GST because the business is successful ?

  68. OneWorldGovernment says:

    There is an obvious answer to our gas/oil shortage which will immeasurably please Alan Jones/Gerry Harvey/Lock up the Gate types.

    Start exploring and drilling along The Great Barrier Reef.

    After all it’s dead and even if we don’t find oil/gas there is a lot of limestone we could build with.

  69. Graeme M says:

    Free market? No market is totally free. There are rules and regulations to protect the mugs from the manipulators, though they don’t always work. The problem here is Santos attempted to short the market by selling contracts for gas they did not have on the assumption they could get it cheaper from other domestic sources. Well, it didn’t work as there is not enough going to be produced to make up their shortfall. Who is the mug and who is the manipulator here? The mugs are you and I, all of us. It is ridiculous for any country to lose control of its irreplaceable resources to its own long or even short term financial detriment. We are pretty good at that. WA Showed the way by a 15% retention policy. Did this stop the global resource developers. No! Of course not, the stuff is there and they want it and will still make trillions over the long term. So, full marks to Turnbull for attempting to redress the situation somewhat. Let Santos bear the brunt of their reckless financial gamble made without any regard for who might have to bear the cost (ie, they thought, not themselves) and a caution to other multinational developers.

  70. struth says:

    Time to spend less time on this blog and more time looking at migration alternatives.

    This is pure , unadulterated socialism 101.

    I should have gone with my gut feelings years ago, seeing the death and destruction of aboriginal people due to socialist policies of the “deep state”.
    The house price corruption and many more blatantly obvious examples of just how much socialism this country will put up with, Wearing government decreed colours to work, letting itself be socially and economically regulated beyond those of Venezuela.
    So now we have classic south American corrupt socialism with this, as well as our own heavily socially regulated society.
    Am I a fool for refusing to believe what is right in front of my eyes, and has been my experience for the last twenty five years?

    Most definitely, yes.

  71. Pyrmonter says:

    2 years ago the rattier Cats were wildly enthusiastic for “ScoMo”; they then moved on to Angus Taylor, Hastie and Canavan: messiahs all, it was said.

    There would be outrage if this occurred under Labor, yet barely a peep when sanctioned by one of the “Right”‘s own. Remember that every time the coalition does this, they license labor to do the same thing when returned to government.

    http://www.abc.net.au/news/2017-04-27/government-to-restrict-gas-exports-to-shore-up-domestic-supply/8474432

  72. Dr Fred Lenin says:

    As one world government said ,mine the dead battler reef ,why is it still protected ? Why are we paying “scientists “to study a dead thing .? Empty all dams its not going to rain again so what good are they, ? blow up all coal fired power stations we have plenty of renewable expensive energy ,make soros ,gore. Goldman sachs and certain Cayman island accounts even richer ,you know its the right thing to do ,oh and don’t forget to pay the u,n,communist tithe ,kevvievand jooliar gotta keep that money rolling in . ]

  73. H B Bear says:

    “Gas companies are aware they operate with a social licence from the Australian people,” Mr Turnbull said.

    “They cannot expect to maintain that licence if Australians are short-changed because of excessive exports.”

    Other than having the CFMEU setting industrial policy, can anyone see the slightest difference between this and a Peanut Head government? Link.

  74. It seems Turnbull wants to get re-elected.
    This is going to me he zhits it in.

  75. Boambee John says:

    Heard the new WA premier on the radio yesterday.

    He made it quite clear that the priceof sending WA gas east INCLUDES a better deal on the GST.

    Now Trumble istrying to force gas companies to break contracts. Isn’t he supposed to be a smart lawyer? What part of penalty clause does he have difficulty understanding?

    His first move should be to shirtfront the Qld and Vic premiers and tell them that if they want help, they must first lift restrictions on gas explorationin their states, and ensure that green tape and lawfare are ended.

  76. H B Bear says:

    ^^^ That should be a Liberty Quote. It will make quite a nice introductory quote to the next round of quickie books on the death of the Lieboral Party after the next election.

  77. H B Bear says:

    Boambee John – if the Australian Federation didn’t reward failed States and crony socialism a hypothecated sum for onshore gas royalties would be deducted from GST distributions to any State that banned fracking and unconventional gas exploration.

    State governments get a free ride virtue signalling to their Green-Left constituents while the Commonwealth and other States pick up the tab.

  78. Boambee John says:

    HBB

    True, but if WA handle this wisely, it could break that log jam.

  79. EvilElvis says:

    A Labor state government handle things wisely, BJ?

    We can’t handle the sharks here let alone handle millions of cubic feet of gas and the required infrastructure, approvals, spotted short tailed faggots breeding cycle studies etc etc…

  80. Julian the deplorable says:

    Once you lose that “social license” that’s the tipping point. Stalin used that methodology quite often.

  81. old bloke says:

    State governments get a free ride virtue signalling to their Green-Left constituents while the Commonwealth and other States pick up the tab.

    That should be State (singular), to wit, W.A.

  82. Libby Zee says:

    I don’t really care what Turnbull or Shorten or the gas companies have to say about it. The way I see it domestic demand should be satisfied first at a reasonable price and only gas that is produced in excess of domestic demand should be contracted to overseas buyers.

  83. duncanm says:

    I don’t really care what Turnbull or Shorten or the gas companies have to say about it. The way I see it domestic demand should be satisfied first at a reasonable price and only gas that is produced in excess of domestic demand should be contracted to overseas buyers.

    why? what is ‘reasonable’?

    Set ‘reasonable’ too low and no-one will bother supplying gas.

  84. Boambee John says:

    duncanm

    I would be happy if electricity could be supplied at a “reasonable” price.

  85. jock says:

    Didnt mussolini say all in the state, nothing outside the state? All of these 3rd wayers forget where it came from.

  86. Nicholas (Unlicensed Joker) Gray says:

    I’ve figured out the Entitlement code!
    Individuals do not have an entitlement!
    Individuals, collectively, i.e. voters, are entitled to whatever they want, or whatever the government thinks they want!!

  87. egg_ says:

    The way I see it domestic demand – for electricity – should be satisfied first at a reasonable price* and only gas that is produced in excess of domestic demand should be contracted to overseas buyers.

    *I.e. conventional coal-powered generation.

  88. Libby Zee says:

    what is ‘reasonable’?

    A reasonable price is determined by gas producers/suppliers competing at arms length for the domestic market. It is unlikely to be an exorbitant ‘take it or leave it’ price that may apply if all gas produced is preferentially directed to overseas contracts.

  89. Motelier says:

    I wonder if the pollies are really trying.

    I do know they are “trying”, but they do not seem to be trying hard enough for Australia and the Australian punters.

    Warm clothes✅, solar hot water✅, ability to grow crops and protein sources🤔, digester to produce methane🤔, some method to protect all of this❌.

    Anyone see the problem here?

    Clothes and hot water are easy, growing you own food requires space which the average punter in Aust does not have, and it is pretty easy to make methane* in quantities to cook and heat with, but I am guessing you won’t be allowed to protect it.

    For the sake of my fellow Australians I really hope we have a mild winter, because I am sort of guessing here that all power prices are going to skyrocket if it really turns cold.

    *Most local councils in Aust struggle with methane production in waste disposal. Our local council has a couple or flare stacks, sigh.

  90. test pattern says:

    ‘the resources of the nation belong to the people’

    The resources of the Pilbara should belong to the indigenous peoples of the Pilbara. Instead they have been stolen and used to subsidy the lifestyles of suburban Perth and the eastern states.

  91. Tim Neilson says:

    The way I see it domestic demand should be satisfied first at a reasonable price …A reasonable price is determined by gas producers/suppliers competing at arms length for the domestic market. It is unlikely to be an exorbitant ‘take it or leave it’ price
    Yes it will be. They’ll just charge whatever they like. None of them will be the bunny who reduces prices just to meet real domestic requirements. They’ll all sit back and wait to see whether anyone pays the “take it or leave it” price. People will either pay it or they won’t. If they do, the producers win. If they don’t, then “demand” will have been satisfied and the producers will sell offshore.

  92. Tel says:

    Didnt mussolini say all in the state, nothing outside the state? All of these 3rd wayers forget where it came from.

    They haven’t forgotten, they hope all the others have forgotten.

    THE DOCTRINE OF FASCISM By BENITO MUSSOLINI

    7. The Individual and Liberty.

    Anti-individualistic, the Fascist conception is for the State; it is for the individual only in so far as he coincides with the State, universal consciousness and will of man in his historic existence. It is opposed to the classic Liberalism which arose out of the need of reaction against absolutism, and had accomplished its mission in history when the State itself had become transformed in the popular will and consciousness.

    Liberalism denied the State in the interests of the particular individual; Fascism reaffirms the State as the only true expression of the individual.

    And if liberty is to be the attribute of the real man, and not of the scarecrow invented by the individualistic Liberalism, then Fascism is for liberty. It is for the only kind of liberty that is serious — the liberty of the State and of the individual in the State. Because, for the Fascist, all is comprised in the State and nothing spiritual or human exists — much less has any value — outside the State. In this respect Fascism is a totalising concept, and the Fascist State — the unification and synthesis of every value — interprets, develops and potentiates the whole life of the people.

  93. Tel says:

    The resources of the Pilbara should belong to the indigenous peoples of the Pilbara. Instead they have been stolen and used to subsidy the lifestyles of suburban Perth and the eastern states.

    The indigenous peoples of the Pilbara had no idea what iron even was, let alone dig the ore, build a blast furnace, forge it into steel. It’s a little tricky I think to say it was stolen from them … something they didn’t even know existed.

  94. The resources of the Pilbara should belong to the indigenous peoples of the Pilbara. Instead they have been stolen and used to subsidy the lifestyles of suburban Perth and the eastern states.

    You’d have been banned from Lavatory Rodeo for speaking that heresy.
    The resources of the Pilbara actually belong to mendicants in Perth & other capital cities.

  95. Leo G says:

    The resources of the Pilbara should belong to the indigenous peoples of the Pilbara

    The resources of the Pilbara which belong to those indigenous peoples are those related to traditional culture- for instance traditional foods, ceremonial religious activity and access.
    The Pilbara resources which are a source of wealth for people elsewhere in Australia have that value by the behaviour of the people (eg by demand) and by the investment in exploiting the resource. Theft of indigenous peoples resources can occur directly or indirectly, say by damaging the indigenous resource, but not necessarily just by exploiting the non-traditional resource.

  96. OneWorldGovernment says:

    Leo G
    #2365599, posted on April 27, 2017 at 6:40 pm

    The resources of the Pilbara should belong to the indigenous peoples of the Pilbara

    The resources of the Pilbara which belong to those indigenous peoples are those related to traditional culture- for instance traditional foods, ceremonial religious activity and access.
    The Pilbara resources which are a source of wealth for people elsewhere in Australia have that value by the behaviour of the people (eg by demand) and by the investment in exploiting the resource. Theft of indigenous peoples resources can occur directly or indirectly, say by damaging the indigenous resource, but not necessarily just by exploiting the non-traditional resource.

    So sad.
    Too bad.

    I intend to attack the entire aboriginal peoples.

    I will blow Ayers Rock into dust.

    Alice Springs will just wash out to somewhere.

  97. Habib says:

    Cretins can’t even spot political advantage when it is biting them on the nuts. This entire debacle is due to the craven imbecility of state governments, only one of which is labelled “liberal”. Even the most feeble-minded can see the abomination can be fixed liketty-split by telling the states to tell the greens to fuck off, and get gas exploration and extraction fast-tracked. Any continued obstruction would result in equivalent revenue reductions in grants. The swine are more driven by money than fear of hippies, and even if they stick to their retarded principles they would be liable to be held at least partially responsible, even with the woeful standards of the meeja. Problem is, a goodly lump are on board the same stuttering solar and wan wind powered granola gravy train. Stalin was wrong about pretty much everything, but sometimes a good old fashioned political purge is a whizzo plan.

  98. Pickles says:

    The price of Porterhouse is exorbitant, due to the export of most of our beef. The Government must restrict export licences until Porterhouse price falls to a reasonable level.
    Porterhouse belongs to all Australians and we should ensure that there’s a Porterhouse on every barby at a reasonable price before we export any. We need legislation and a Watchdog to determine reasonability. This can be called the Porterhouse Price Justification Tribunal and staffed to reflect diversity.
    The Porterhouse industry operates on a social license from all Australians and if the conditions of that licence are breached then the government should shut the industry down like it did before.

    The price of houses is exorbitant due to the export of most of our houses…

  99. nerblnob says:

    The resources of the Pilbara should belong to the indigenous peoples of the Pilbara.

    And should any of the “indigenous peoples of the Pilbara” decide they would like to cash in on these resources by dealing with mining or gas companies , thousands of Greenie activists and their media followers, and the whole parasitical “indigenous services industry” are racing up there to prevent them.

  100. . says:

    Are we now heading for an American economic future where landholders own the minerals beneath?

    They have more mining and energy extraction than we do. We also allow foreign investment.

    Allodial title makes mining more viable.

  101. Sissipus says:

    What happened to all that blabber about some big long hose coming down the east coast of Queensland supplying all the regional towns and balance being exported?

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