Michaella Cash is fighting for the gas not to be capped unless greater production is allowed. No mention of the record profits being made though. Capping profits or taxing them appropriately won’t scare the miners off. Her argument avoids suggesting that the gas companies might just be “crying poor”. They fell into line in West Australia, didn’t they?
As the federal government weighs its options for regulating the gas market to bring down soaring power prices, exporters of Australian gas, riding high on record profits, have fired a warning shot.