Could push down be T/O positioning? After Santos bid?, page-32

Globalization gave us global markets. Crude oil is priced that way ... I don't hear complaining? Iron ore and coal priced that way ... where are the complaints.

LNG has made natural gas a globally priced commodity. And now the howls are heard about gas shortfalls? Why? Because it wasn't worth investing capital because it wasn't competitive for capital to earn a return to drill for gas at the price domestic markets were prepared to pay. Try offering $10/Bbl to oil companies and see how much you can buy.

If "ordinary" Australians want to be in the natural gas exploration, development and production business but do want invest capital ... have a "levy" (just like Medicare (LOL)). Then you can have Gov't run business. Australian Oil and Gas; NSWOGS (wait they would just sit around and ban themselves from doing any productive).

The USA has over 100 years of production at 25 Tcf/yr production at $3/Mcf cost of supply. I would imagine that maybe some of LNG cargoes to be imported to Port Kembla may be sourced in the USA.