The Australian newspaper - Monday 05 December 2016 Article page...

The Australian newspaper - Monday 05 December 2016
Article page 1 and 2: ‘Energy bosses called to crisis talks on gas threat’.

Quotes from the article:

“My view is that this is the greatest public policy failure since federation. The significant problem is that Australia has allowed its gas to be sold offshore without significant gas being available for the domestic economy. That, coupled with our renewable energy target, has led to electricity price spiking and very high natural gas prices.”

Chairman Mark Chellew
Manufacturing Australia


“Australia has ample gas reserves but we have got this crazy situation where there’s no prospect of new gas supply coming on, and most of the available gas is going to export.”

Chief Executive Gary Dawson
Australia Food and Grocery Council


“There is a manufacturing crisis looming as a result of the gas supply shortage because of negligent onshore state bans on exploration.”

Greg Hunt
Industry Minister

And 3D Oil is sitting on potentially massive gas reserves off the Victorian coast, close to existing pipelines. Soooo, when do the executives come together and make a deal?

DYOR.