FY19 Outlook, page-31

I would be wary of assuming anything about what was in his mind. Was he really talking about SXY when referring to "the country", or was he really talking about the country? Does he think the NEG really would have reduced energy prices, or does he think that the downside of losing the NEG will be political instability or business uncertainty, or what?

My view is that the NEG as originally proposed would have been a disaster that would have pushed electricity prices up not down. The latest version would be a bit better, but with Malcolm Turnbull driving it, it would never be good. It has taken far too long for Malcolm Turnbull to be brought to heel over this, and we will probably get a disaster anyway. If the Libs can scrap the NEG, scrap the MRET and stay in power long enough, then we will see a dramatic fall in electricity prices. This will do two very good things for SXY: it will produce greater economic activity which will in turn increase gas demand, and gas demand for electricity generation will itself increase. And much much more importantly, it will be very good for the country.

But looking purely at SXY, there is virtually no possible scenario in which there will not be a major shortfall in gas supply over the next two years. Forget the political turmoil - SXY is in the hot seat. I'm expecting more of that beautiful green on red days!!