I knew the gas cartel had been too quiet for too long. Something had to be brewing, and what a doozy it was.

Unique in the world for energy producers, the east coast of Australia has no domestic reservation regime for its gas reserves.

Even now, amid a spaghetti bowl of regulation and price controls, there is still no effective domestic reservation.

Over the past decade, this has allowed China-beholden foreign capital to create a gas export cartel that has:

• delivered the east coast economy perpetual gas and electricity price shocks;
• hollowed-out industry;
• derailed decarbonisation;
• ripped hundreds of billions of out of the economy;
• built cheap China weapons while robbing us of the capacity to build our own;
• forced Aussie households and businesses to subsidise pan-Asian households and businesses;
• cost five prime ministers their jobs, and
• delivered a completely unnecessary inflation shock that is destabilising a sixth.

It’s not like it doesn’t matter or anything. Yet nobody cares, and the mainstream media never writes about it.

As AusSuper plays chicken with Brookfield’s $20b bid for Origin Energy, Origin is quietly putting the chokehold on gas imports too

Source: ‘Gas cartel shoots Australia in the head’ – Origin to control imports too – Michael West